Difference between revisions of "Eimami Icoa"

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{{OOD}}
{{Infobox currency
{{Infobox currency
| currency_name_in_local = Icoa
| currency_name_in_local = Icoa
| image_1 =
| image_1 = icoa20.png
| image_title_1 =
| image_title_1 = 20 Icoa Note
| alt1 =
| alt1 =
| iso_code = EIC
| iso_code = EIC
| issuing_authority = [[United Bank of Eimam]]
| issuing_authority = [[Eimami National Bank]]
| date_of_introduction = {{Start date and age|2014|6|1}}
| date_of_introduction = {{Start date and age|2014|6|1}}
| using_countries = {{flag|Eimam}}
| using_countries = {{flag|Eimam}}
| inflation_rate = 0.4%
| inflation_rate = 0.4%
| inflation_source_date =  
| inflation_source_date =
| subunit_ratio_1 = 1/100
| subunit_ratio_1 = 1/100
| subunit_name_1 = [[Eimami Teren|Teren]]
| subunit_name_1 = [[Eimami Teren|Teren]]
| symbol = ¢
| symbol =
| symbol_subunit_1 = t
| symbol_subunit_1 = t
| nickname = ''various''
| nickname = ''various''
| frequently_used_coins = 10t, 20t, 50t, ¢1, ¢5
| frequently_used_coins = 10t, 20t, 50t, ₵1, ₵5
| rarely_used_coins = 1t, 2t, 5t, ¢2
| rarely_used_coins = 1t, 2t, 5t, ₵2
| frequently_used_banknotes = ¢10, ¢50, ¢100, ¢500
| frequently_used_banknotes = ₵10, ₵100, ₵500
| rarely_used_banknotes = ¢20, ¢500, ¢1000
| rarely_used_banknotes = ₵20, ₵200, ₵1000
}}
}}


The '''blossom''' (symbol: '''฿'''; [[Wikipedia:ISO 4217|ISO code]]: '''SBL'''), also known as the '''Soltenna blossom''', is the official currency of [[the Charter]] and the sole legal tender in 4 of its member states. It is the second most traded currency in [[Soltenna]], after the [[Forian acre]], and is used daily by over 150 million Soltennans. The blossom is subdivided into 1000 [[Soltennan petal|petals]].
The '''Icoa''' ('''; [[Wikipedia:ISO 4217|ISO code]]: '''EIC'''), also known as the '''Eimami Icoa''', is the official currency of [[Eimam]] and the sole legal tender in its territory. It is one of the most traded currencies in [[Soltenna]] and [[Akulanen]], thanks to its stability and low inflation. The Icoa is subdivided into 100 [[Eimami teren|teren]].
 
The Icoa is the youngest currency on Sahar, having been introduced in mid-2014. It replaced the Eimami Terea following a 6 month grace period starting in January of 2014, at a rate of 571 Terea to 1 Icoa. The Icoa is printed by the [[Central Bank of Eimam]], but certain regional governments have been granted permission by [[Eimami National Bank]] to print their own commemorative notes, which are issued under the name of the [[Eimami National Bank]]. The commemorative notes are considered legal tender throughout the federation.
 
Since January of 2017, the minting of 1t and 2t coins has been officially discontinued and 99% of businesses within the country now practice rounding.


The blossom is the oldest monetary union on Sahar, having existed in various forms since 1872. It was the result of an attempt by [[Liosol]] and [[Methinaqh]] to standardise the specifications of gold and silver used in the coins of their respective national currencies, the Methinaqhi ??? and the Ryoseullan blossom. This standard became the norm in most of Soltenna. After the abolition of the [[wikipedia:Gold standard|gold standard]] in 1954 following the [[Great Ekuosian War]], the currency underwent a period of centralisation, culminating in the disestablishment of the central banks of Methinaqh and Liosol and the creation of the [[Central Bank of the Royal Charter]].
== Etymology ==
The name of the currency comes from the Eimami version of the Terminian word [[Terminian Jikow|Jikow]]. It's subunit's name, however, derives from the [[Ayape]] word 'terya' which means something akin to 'exchange good' or 'currency' as well as the diminutive marker '-n', this is also the root of the Icoa's predecessor, the [[Eimami Terea|Terea]].


[[Category:Currencies]] [[Category:Soltenna]]
[[Category:Currencies]] [[Category:Eimam]]

Latest revision as of 20:53, 22 January 2021


Eimami Icoa
Icoa
Icoa20.png
20 Icoa Note
CodeEIC
Central bankEimami National Bank
Date of introductionJune 1, 2014; 9 years ago (2014-06-01)
User(s) Eimam
Inflation0.4%
Subunit
 1/100Teren
Symbol
Terent
Nicknamevarious
Coins
 Freq. used10t, 20t, 50t, ₵1, ₵5
 Rarely used1t, 2t, 5t, ₵2
Banknotes
 Freq. used₵10, ₵100, ₵500
 Rarely used₵20, ₵200, ₵1000

The Icoa (₵; ISO code: EIC), also known as the Eimami Icoa, is the official currency of Eimam and the sole legal tender in its territory. It is one of the most traded currencies in Soltenna and Akulanen, thanks to its stability and low inflation. The Icoa is subdivided into 100 teren.

The Icoa is the youngest currency on Sahar, having been introduced in mid-2014. It replaced the Eimami Terea following a 6 month grace period starting in January of 2014, at a rate of 571 Terea to 1 Icoa. The Icoa is printed by the Central Bank of Eimam, but certain regional governments have been granted permission by Eimami National Bank to print their own commemorative notes, which are issued under the name of the Eimami National Bank. The commemorative notes are considered legal tender throughout the federation.

Since January of 2017, the minting of 1t and 2t coins has been officially discontinued and 99% of businesses within the country now practice rounding.

Etymology

The name of the currency comes from the Eimami version of the Terminian word Jikow. It's subunit's name, however, derives from the Ayape word 'terya' which means something akin to 'exchange good' or 'currency' as well as the diminutive marker '-n', this is also the root of the Icoa's predecessor, the Terea.