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Taler: Difference between revisions
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{{Infobox currency | {{Infobox currency | ||
| currency_name_in_local = Dollarium ({{wp|Ecclesiastical Latin|Latin}})<br />Thaler ( | | currency_name_in_local = Dollarium ({{wp|Ecclesiastical Latin|Latin}})<br />Thaler ([[Julian Ænglish|Ænglish]])<br />Noler ({{wp|Gallic|Fhasen}}) | ||
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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]]. | 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== | ==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. | |||
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== | ==Market and Currency Authority of the Levantine Union== | ||
==Bills== | ==Bills== | ||
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! Pegged since !! Fluctua­tion band !! Formerly pegged to | ! Pegged since !! Fluctua­tion band !! Formerly pegged to | ||
|- | |- | ||
| {{flag|Kandara}}<br>{{flag| | | {{flag|Kandara}}<br>{{flag|Peshabiwar}}<br>{{flag|Tapakdore}}<br>{{flag|Pukhgundi}} | ||
| style="text-align:right"| TBD | | style="text-align:right"| TBD | ||
| style="text-align:right"| TBD | | style="text-align:right"| TBD | ||
| CMS ƒ || Common Middle Sea Florin | | CMS ƒ || Common Middle Sea Florin | ||
| 655.957 || <span style="display:none">1943</span>1 January [[1943]] | | 655.957 || <span style="display:none">1943</span>1 January [[1943]] | ||
| 0.00% || | | 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: Levantia]] | ||
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[[Category: Canonical Article]] | [[Category: Canonical Article]] | ||
[[Category:Economy of Burgundie]] | [[Category:Economy of Burgundie]] | ||
[[Category:Rhotia]] | |||
[[Category:Lapody]] | |||