Castle Welute and Taler: Difference between pages

Taler
Taler
Dollarium (Latin); Thaler (Aenglish); Noler (Fhasen)
ISO 4217
Code	LUT
Denominations
Subunit
1/100	Cent
Plural	Talers
Cent	Cents
Symbol	₮
Cent	¢
Nickname	Dollar
Demographics
Date of introduction	April 1st, 1343

VisualWikitext

Revision as of 12:01, 21 September 2023

The Taler (symbol: ₮; ISO code: LUT for Levantine Union Taler), sometimes known as the dollar, the thaler, and officially as the Levantine Taler, is the official currency of the Levantine Union. It is subdivided into 100 pence (singular: penny). At various times, the taler was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The taler is one the world's oldest currency still in use and which has been in continuous use since its inception. It is in use throughout the talerzone.

History

The taler began its history as one of many types of coins issued in the medieval Holy Levantine Empire. The medieval Empire did not use a standardized system of currency, and instead relied on the issuance of precious metal weight-based coins as a unit of exchange, like many other premodern societies. The vassal rulers of the Empire retained the right to mint their own coins, leading to a confusing system of currency within the Empire by the mid-14th century, especially as the vassals had a tendency to debase their own currency. The taler was introduced by the Emperor Uc II in 1343 as part of a reform effort. The taler was a large silver coin, a rather innovative development in the history of Levantine currency. The new Imperial coin became extremely popular due to its reliable value and due to the number of silver mines within the Empire, becoming the main instrument of trade in the Empire by the 15th century. It was standardized in 1505 following the issuance of the Imperial Minting Ordinance, which limited the ability of the vassals to mint their own coins and required all coinage minted in the Empire to be a division of the taler or equal to a number of talers. The Ordinance had the practical effect of making the taler the base currency throughout the Empire, and by 1600 it was understood to be the main currency of the Empire, although it was never officially designated as such.

Several banks were responsible for the issuance and minting of talers by 1800, including the Royal Bank of Urcea, which gradually became the most prominent institution associated with the Taler. The first Taler banknotes were issued in 1811. With the dissolution of the Empire in 1935, most users of the currency adopted national currency laws designating it, or an equivalent, as their national currency. These provisions were superseded with the establishment of the Levantine Union, which designated the Taler its official currency. In 1954, the Market and Currency Authority of the Levantine Union was established to govern the Taler.

Market and Currency Authority of the Levantine Union

Bills

The Taler bills, issued in denominations of 1, 5, 10, 20, 50, and 100, each display elements related to different members of the Levantine Union. Typically, the obverse shows an iconic structure associated with the nation being represented while the reverse depicts a founding figure of the nation. Burgundie's represented bill - the 20 Taler note - breaks convention by showing ships on the open sea (an homage to its thalassocratic posture) on the obverse and a national romantic personification on the reverse. Although the specific artwork and design is chosen by the Levantine Union Currency Authority, the specific items to be depicted are established by official acts of the member governments of the Union.

Obverse	Reverse	Country or Place Represented	Symbols and Figures
		Fiannria	Old Brídhavn Tyn Hall (Obverse) St. Bridget the Martyr (Reverse)
		Yonderre	Collinebourg Palace (Obverse) Joanus de Martigueux (Reverse)
		Rhotia and Lapody	Imperial Palace (Obverse) Conchobar I, Emperor of the Levantines (Reverse)
		Burgundie	16th and 17th century Southern Deric trade ships (Obverse) Marin-Estelle, personification of Burgundie (Reverse)
		Urcea	Castle Welute (Obverse) Saint Julius of the Caeline (Reverse)
		Anglei	Anglasweorc (Obverse) Margrave Edmund I(Reverse)

Pegged currencies

Currently, there are several currencies pegged to the taler, some with fluctuation bands around a central rate and others with no fluctuations allowed around the central rate. This can be seen as a safety measure, especially for currencies of areas with weak economies. The taler is seen as a stable currency, i.e., there are no dramatic appreciations or depreciations of its value that might suddenly damage the economy or harm trade. Thus it provides security to traders and people holding that currency.

State	Pop.	Area (km²)	Code	National currency	Central rate	Pegged since	Fluctuation band	Formerly pegged to
Kandara Peshabiwar Tapakdore Pukhgundi	TBD	TBD	CMS ƒ	Common Middle Sea Florin	655.957	19431 January 1943	0.00%	Colonial Florin of the Duchy of Bourgondi Burgoignesc Taler (1935-1942)
Pursat	TBD	TBD	P₮	Pursatni Taler	84.73	19431 January 1976	7.74%	Colonial Martillien Ducat Burgoignesc Taler (1935-1975)

@@ Line 1: / Line 1: @@
 {{wip}}
-{{Infobox building
+{{Infobox currency
-| name                = Castle Welute
+| currency_name_in_local = Dollarium ({{wp|Ecclesiastical Latin|Latin}})<br />Thaler ({{wp|English|Aenglish}})<br />Noler ({{wp|Gallic|Fhasen}})
-| native_name        =
+| image_1 =
-| native_name_lang    =
+| image_title_1 =
-| image              = 2017-04 Mont Saint-Michel 01.jpg
+| alt1 =
-| image_size          =
+| iso_code = LUT
-| image_alt          = <!-- or |alt= -->
+| issuing_authority =
-| image_caption      =
+| issuing_authority_website =
-| map_type            =
+| date_of_introduction = April 1st, 1343
-| map_alt            =
+| date_of_introduction_source =
-| map_dot_mark        =
+| using_countries =
-| map_dot_label      =
+| inflation_rate =
-| relief              =
+| inflation_source_date = ''[https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook]'', 2010 est.
-| map_caption        =
+| subunit_ratio_1 = 1/100
-| map_size            =
+| subunit_name_1 = Cent
-| building_type      = Royal palace
+| symbol = ₮
-| architectural_style =
+| symbol_subunit_1 = ¢
-| location            = Archduchy of Urceopolis
+| nickname = Dollar
-| location_country    = {{flag|Urcea}}
+| nickname_subunit_1 =
-| current_tenants    =
+| plural = Talers
-| start_date          =
+| plural_subunit_1 = Cents
-| completion_date    =
+| frequently_used_coins =
-| opened_date        =
+| rarely_used_coins =
-| inauguration_date  =
+| frequently_used_banknotes =
-| relocated_date      =
+| rarely_used_banknotes =
-| renovation_date    = 1907-1909
-| cost                =
-| client              =
-| owner              = King [[Riordan VIII]]
-| material            =
-| floor_count        =
-| floor_area          =
-| grounds_area        =
-| architect          =
-| parking            =
-| public_transit      =
-| website            = <!-- {{URL|example.com}} -->
-| embed              =
-| embedded            =
-| references          =
-| footnotes          =
 }}
-'''Castle Welute''' is a royal residence situated on the [[Urce River]] in [[Westglen]], and it serves as the primary home and administrative center of the monarchy of the Apostolic Kingdom of [[Urcea]]. It also serves as the primary birthplace of children of [[House de Weluta]], especially in the Royal line. Since the 14th century, it has served as the ancestral home of the House de Weluta, and prior to the 18th century it was an important fortification in the defensive network around [[Urceopolis (City)|Urceopolis]]. It has served as the semi-permanent residence of the Apostolic King since the reign of King [[Aedanicus VIII]]. The outer walls were removed during the 19th century as many had begun to collapse. The outer portions of the Castle are open to visitors, and contain shops and stalls for local agriculture.
+The '''Taler''' (symbol: '''₮'''; ISO code: '''LUT''' for Levantine Union Taler), sometimes known as the '''dollar''', the '''thaler''', and officially as the '''Levantine Taler''', is the official currency of the [[Levantine Union]]. It is subdivided into 100 ''pence'' (singular: ''penny''). At various times, the taler was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The taler is one the world's oldest currency still in use and which has been in continuous use since its inception. It is in use throughout the [[Talerzone|talerzone]].
+==History==
+The taler began its history as one of many types of coins issued in the medieval [[Holy Levantine Empire]]. The medieval Empire did not use a standardized system of currency, and instead relied on the issuance of precious metal weight-based coins as a unit of exchange, like many other premodern societies. The vassal rulers of the Empire retained the right to mint their own coins, leading to a confusing system of currency within the Empire by the mid-14th century, especially as the vassals had a tendency to debase their own currency. The taler was introduced by the Emperor [[List_of_Emperors_of_the_Levantines#XXX_Dynasty_3|Uc II]] in [[1343]] as part of a reform effort. The taler was a large silver coin, a rather innovative development in the history of Levantine currency. The new Imperial coin became extremely popular due to its reliable value and due to the number of silver mines within the Empire, becoming the main instrument of trade in the Empire by the 15th century. It was standardized in [[1505]] following the issuance of the Imperial Minting Ordinance, which limited the ability of the vassals to mint their own coins and required all coinage minted in the Empire to be a division of the taler or equal to a number of talers. The Ordinance had the practical effect of making the taler the base currency throughout the Empire, and by 1600 it was understood to be the main currency of the Empire, although it was never officially designated as such.
-== History ==
+Several banks were responsible for the issuance and minting of talers by 1800, including the [[Royal Bank of Urcea]], which gradually became the most prominent institution associated with the Taler. The first Taler banknotes were issued in [[1811]]. With the dissolution of the Empire in [[1935]], most users of the currency adopted national currency laws designating it, or an equivalent, as their national currency. These provisions were superseded with the establishment of the [[Levantine Union]], which designated the Taler its official currency. In [[1954]], the Market and Currency Authority of the Levantine Union was established to govern the Taler.
-The granite outcropping on which Castle Welute is built was likely the site of human settlement since the stone age, and archaeological evidence has been found suggesting [[Gaelic people|Gaelic]] ringforts on the site prior to the arrival of [[Adonerii]] settlers in [[Levantia]]. Easily fortified, the site was inconsistently settled until the 800s BC, when it apparently became the seat of a series of petty Gaelic kings. Gaels were driven from the area in the 700s BC and the hill was largely forgotten as the surrounding area became wooded, and it remained a forest for the [[Great Levantia]] period. Conflicting historical and archaeological evidence suggests that the [[Latin League]] fought a major battle against [[Gallawa]] either at or near the current Castle site in the 750s, and a legend maintains that [[Gaius Julius Cicurinus|Saint Julius of the Caeline]] himself conducted the battle against Gallawa sitting atop the hill, a claim that would give a kind of increased prestige and moral authority to House de Weluta, although the claim is subject to a great deal of scholarly debate.
-===Pre-Welute period===
+==Market and Currency Authority of the Levantine Union==
+==Bills==
-===Castle constructed===
+The Taler bills, issued in denominations of 1, 5, 10, 20, 50, and 100, each display elements related to different members of the [[Levantine Union]]. Typically, the obverse shows an iconic structure associated with the nation being represented while the reverse depicts a founding figure of the nation. [[Burgundie]]'s represented bill - the 20 Taler note - breaks convention by showing ships on the open sea (an homage to its thalassocratic posture) on the obverse and a national romantic personification on the reverse. Although the specific artwork and design is chosen by the Levantine Union Currency Authority, the specific items to be depicted are established by official acts of the member governments of the Union.
-===Early modern period===
+{| class="wikitable" style="text-align:center; width:60%"
-The military value of Castle Welute became apparent to military and Royal figures during the latter half of the 17th century. Though its fortifications remained largely medieval, the Castle sat upon one of the most dominating geographical features of the Upper Urce, making it a vital position to hold in the northern [[The Valley (Urcea)|Valley]] if the [[Northgate]] was breached. Consequently, major reconstruction efforts began in the early 18th century as part of a [[History_of_Urcea_(1575-1798)#Army_reform|broader effort]] to make Urcea more resilient in the face of military conflict. The keep and medieval curtain walls were retained as the center point of the fortress, but a series of sprawling {{wp|star fort|star fortifications}} were constructed radiating out of the medieval castle. As the Castle sat on the west bank of the river and would be vulnerable if an army were to surpass the new outer fortifications by crossing to the east bank, several batteries and fortifications - collectively dubbed Castle Leo - were built along the east bank. Warehouses for siege supply were built as was a major supply depot intended to support operations of the [[Royal and Imperial Army (Urcea)|Royal and Imperial Army]] in the northern section of the Valley. The resulting set of fortifications were impressive, and only came under serious threat once during the century they were operational. During the [[Second Caroline War]], advanced forces of the Imperial Army skirmished with pickets around the castle, and Imperial reconnaissance suggested it would be too difficult to take without a prolonged siege. This played a major role in the failure of the Imperial Army to advance on [[Urceopolis (City)|Urceopolis]], setting the stage for later victories over the Imperial Army by [[Ionian Plateau|Ionian]] forces loyal to House de Weluta.
+! width="20%" |Obverse!! width="60px" |Reverse!! |Country or Place Represented!! |Symbols and Figures
+|-
+|[[File:1obv.png|350px]]||[[File:1rev.png|350px]]||[[Fiannria]]||[[Old Brídhavn Tyn Hall]] <small>(Obverse)</small><br/>[[St. Bridget the Martyr]] <small>(Reverse)</small>
+|-
+|[[File:5 obverse.png|350px]]||[[File:5 reverse.png|350px]]||[[Yonderre]]||[[Collinebourg Palace]] <small>(Obverse)</small><br/>[[Joanus de Martigueux]] <small>(Reverse)</small>
+|-
+|[[File:10obv.png|350px]]||[[File:10rev.png|350px]]||[[Rhotia]] and [[Lapody]]||Imperial Palace <small>(Obverse)</small><br/>[[Conchobar I, Emperor of the Levantines]] <small>(Reverse)</small>
+|-
+|[[File:20obv.png|350px]]||[[File:20rev.png|350px]]||[[Burgundie]]||16th and 17th century [[Burgundie|Southern Deric]] trade ships <small>(Obverse)</small><br/>Marin-Estelle, personification of Burgundie <small>(Reverse)</small>
+|-
+|[[File:50obver.png|350px]]||[[File:50_reverse.png|350px]]||[[Urcea]]||[[Castle Welute]] <small>(Obverse)</small><br/>[[Gaius Julius Cicurinus|Saint Julius of the Caeline]]<small> (Reverse)</small>
+|-
+|[[File:100obv.png|350px]]||[[File:100 reverse.png|350px]]||[[Anglei]]||[[Anglasweorc]] <small>(Obverse)</small><br/>[[Anglei#Marcher_period|Margrave Edmund I]]<small>(Reverse)</small>
+|}
+==Pegged currencies==
+Currently, there are several currencies {{wpl|Fixed currency|pegged}} to the taler, some with fluctuation bands around a central rate and others with no fluctuations allowed around the central rate. This can be seen as a safety measure, especially for currencies of areas with weak economies. The taler is seen as a stable currency, i.e., there are no dramatic appreciations or depreciations of its value that might suddenly damage the economy or harm trade. Thus it provides security to traders and people holding that currency.
-===Transition to Royal residence===
+{| class="wikitable sortable"  style="text-align:center; font-size:90%"
-===Contemporary history===
+|-
-==Major structures==
+! class="unsortable"| State
-===Royal Chapel===
+! Pop. !! Area (km<sup>2</sup>) !! Code !! National currency !! Central rate
-[[File:FranceNormandieLeMontSaintMichelAbbaye.jpg|thumb|left|200px|The tower and steeple of the Royal Chapel among the other inner Castle structures.]]
+! Pegged since !! Fluctua&shy;tion band !! Formerly pegged to
-The Royal Chapel, officially the Chapel of St. Michael the Archangel, is the [[Catholic Church|Catholic]] chapel serving the people living in and around Castle Welute. It is primarily intended for use by [[House de Weluta]] and their retainers, but is open to a limited public audience (primarily those of the Marketeer Quarter) during various Catholic holy days. The first Royal Chapel was built along with the original Castle and was likely a small room no more than twenty feet long, but in subsequent construction the Royal Chapel became the most prominent structure within the Castle. Its steeple and tower are often the most closely-identified part of the Castle. [[File:Sainte Chapelle - Upper level 1.jpg|thumb|right|150px|The interior of the Royal Chapel.]]The current Chapel was built in a {{wp|Romanesque|Levanesque}} style. Following the ascension of the first de Weluta [[Apostolic King of Urcea|Apostolic King]] in [[1402]] led to significant new investments in the interior of the Chapel, giving it its modern appearance.
+|-
-===First wall===
+| {{flag|Kandara}}<br>{{flag|Peshabiwar}}<br>{{flag|Tapakdore}}<br>{{flag|Pukhgundi}}
-===Marketeer Quarter===
+| style="text-align:right"| TBD
-[[File:Le Mont-Saint-Michel 20171015 67.jpg|thumb|left|200px|View of some structures and homes within the Marketeer Quarter.]]
+| style="text-align:right"| TBD
-At the ground level of the Castle lay the "Marketeer Quarter", a town-like arrangement built into the Castle's hillside. The Quarter arose at some point during the earliest decades of the Castle's use as an informal gathering of merchants that was eventually enclosed within the Castle walls following the construction of the second wall. During its use as a major military fortification and medieval castle, the Marketeer Quarter was the permanent home to about 200-300 people who owned and operated various shops at the base of the hill inside the walls. These shopkeepers were primary responsible for procuring and storing various foodstuffs for the people and some of the guards, but were otherwise free to pursue economic enterprises as they saw fit. In the mid-18th century, the entire quarter's residents were bought out by the government as the Castle was transformed into a more extensive military fortification and centralized supply depot. The Quarter remained in military possession until [[1930]], at which time it was transferred to the Crown. The Crown owns all property within the Quarter but leases out all the homes, shops, and restaurants. After [[1960]], veterans of the [[Second Great War]] were given preferential treatment when competing for Castle leases, and as of [[2030]] veterans or descendants of veteran families make up the vast majority of the 273 people living within the Quarter. The Quarter's shops and restaurants are a popular tourist destination, both in their own right as well as for those visiting the Castle grounds.
+| CMS ƒ || Common Middle Sea Florin
-===Second wall===
+| 655.957 || <span style="display:none">1943</span>1 January [[1943]]
+| 0.00% || Colonial Florin of the Duchy of Bourgondi<br> Burgoignesc Taler ([[1935]]-[[1942]])
+|-
+| {{flag|Pursat}}
+| style="text-align:right"| TBD
+| style="text-align:right"| TBD
+| P₮|| Pursatni Taler
+| 84.73 || <span style="display:none">1943</span>1 January [[1976]]
+| 7.74% || Colonial Martillien Ducat <br> Burgoignesc Taler ([[1935]]-[[1975]])
+|}
+[[Category: Levantia]]
 [[Category: Urcea]]
-[[Category: Buildings]]
+[[Category: Levantine Union]]
-[[Category: IXWB]]
+[[Category: Burgundie]]
-{{Template:Award winning article}}
+[[Category:Yonderre]]
-[[Category:2022 Award winning pages]]
+[[Category:Currency]]
 [[Category:IXWB]]
+[[Category: Canonical Article]]
+[[Category:Economy of Burgundie]]
+[[Category:Rhotia]]
+[[Category:Lapody]]