Difference between revisions of "Eimami Icoa"

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| alt1 =
| alt1 =
| iso_code = EIC
| iso_code = EIC
| issuing_authority = [[United Bank of Eimam]]
| issuing_authority = [[Central Bank of Eimam]]
| 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]]
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}}
}}


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''' (symbol: '''¢'''; [[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 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]].
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.


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

Revision as of 11:54, 19 July 2018

Eimami Icoa
Icoa
CodeEIC
Central bankCentral Bank of Eimam
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, ¢50, ¢100, ¢500
 Rarely used¢20, ¢500, ¢1000

The Icoa (symbol: ¢; 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.