Southeast Alshar Lira

Southeastern Alshar Lira
假钱 , أموال وهمية
Coins and bills of the SA lira
Denominations
Superunit
Subunit
Plural	lira
Symbol	圓
Banknotes	SA$100, SA$200, SA$500, SA$1000, SA$2000
Coins	SA$1, SA$5, SA$10, SA$20, SA$50
Demographics
Date of introduction	2002
User(s)	Canpei Tanhai Rusana
Issuance
Central bank	Bank of Southeast Alshar
Mint	Central Mint (Corumm)

The SA lira or Southeast Alshar Lira is the name of the official currency used in three independent nations of the Southeast Alshar Economic Union: Rusana, Canpei and Tanhai. The SA lira is pegged to the Corummese Lire, allowing it to be a stable and credible currency compared to other, independent Alshari currencies. As part of agreements with the Southeast Alshar Economic Union, sixty percent of the reserves of the Bank of Southeast Alshar are held by the Corummese central bank.

History

Starting in 1996, then Corummese Chancellor Linge Chen began pushing for the idea of a common economic space in southeast Alshar with common economic institutions. Economically dependent nations like Rusana and Canpei agreed to participate while others like Metzetta chose to stay away, wary of Corummese economic imperialism. The Bank of Southeast Alshar was established in 1998 and a cooperation started with the Alshar Development Bank. A final agreement on the economic union was inked in 1999 during the leader's summit on Mirzak. Economic and political pressure achieved Tanhai's acquiescence to joining the union.

The creation of the Southeast Alshar lira was agreed to during the central bankers summit of the Southeast Alshar Economic Union in Dhaydah and officially introduced in August 2002. The Dhaydah Memorandum that outlined the adoption of a unified currency established four main pillars, it pegged the SA lira to the Corummese lire and established a fixed exchange rate at 535.26 SA Liras to 1 Corummese Lire. A Corummese guarantee of unlimited convertibility of SA lira to lires. The centralization of foreign exchange reserves, with the new Bank of Southeast Alshar required to deposit sixty percent of reserves in Corumm. Lastly the principle of free capital movements within the countries of the Southeast Alshar economic union.

Criticism

Critics of the introduction of the SA lira argue that it is a tool of economic colonization and undermining of the monetary sovereignty of the nations that use it. The Corummese central bank has a defacto veto on the membership composition of the Bank of Southeast Alshar's central board and therefore a large degree of influence over the zone's monetary policy. Corummese central bank policies that prioritize anti inflationary measures have been blamed for stifling growth in nations that use the SA lira currency. Usage of the SA lira also encourages capital outflows away from user nations and towards Corumm.

The SA lira has been lambasted as not much different from the ad-hoc Corummese 'invasion money' that conquered Cronan peoples are forced to use by Corummese military forces.

Banknotes and coins

2002 Series
Image	Value	Dimensions	Main Color	Description			Date of			Remark
				Obverse	Reverse	Watermark	printing	issue	withdrawal
	SA$100	145 × 70 mm	Red	San Min, "The Chapter of Great Harmony"	Chung-Shan Building	Mei flower and numeral 100		2002-07-02
	SA$200	150 × 70 mm	Green	Ching Keishek, theme of land reform and public education	Bank of Southeast Alshar	Orchid and numeral 200		2002-01-02
	SA$500	155 × 70 mm	Brown	Youth baseball	Formosan sika deer and Dabajian Mountain	Bamboo and numeral 500		2002-12-15		without holographic strip
								2005-07-20		with holographic strip
	SA$1000	160 × 70 mm	Blue	Elementary Education	Pheasant and Jade Mountain	Chrysanthemum and numeral 1000		2002-07-03		without holographic strip
								2005-07-20		with holographic strip
	SA$2000	165 × 70 mm	Purple	OMONSAT-1, technology	Rusani landlocked salmon]] and Mount Balad	Pine and numeral 2000		2002-07-01		with holographic strip