Difference between revisions of "Eimami Icoa"
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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 the [[Central Bank of Eimam|Central Bank]] to print their own commemorative notes, which are issued under the name of the [[Central Bank of Eimam|Central Bank]]. The commemorative notes are considered legal tender throughout the federation. | 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 the [[Central Bank of Eimam|Central Bank]] to print their own commemorative notes, which are issued under the name of the [[Central Bank of Eimam|Central Bank]]. The commemorative notes are considered legal tender throughout the federation. | ||
Since January of 2017, the minting of 1 and 2 teren coins has been discontinued and 99% of supermarkets and other shops practice rounding. | |||
[[Category:Currencies]] [[Category:Soltenna]] | [[Category:Currencies]] [[Category:Soltenna]] | ||
Revision as of 12:02, 19 July 2018
| Eimami Icoa | |
|---|---|
| Icoa | |
| Code | EIC |
| Central bank | Central Bank of Eimam |
| Date of introduction | June 1, 2014 |
| User(s) |  Eimam |
| Inflation | 0.4% |
| Subunit | |
| 1/100 | Teren |
| Symbol | ¢ |
| Teren | t |
| Nickname | various |
| Coins | |
| Freq. used | 10t, 20t, 50t, ¢1, ¢5 |
| Rarely used | 1t, 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. The Icoa is printed by the Central Bank of Eimam, but certain regional governments have been granted permission by the Central Bank to print their own commemorative notes, which are issued under the name of the Central Bank. The commemorative notes are considered legal tender throughout the federation.
Since January of 2017, the minting of 1 and 2 teren coins has been discontinued and 99% of supermarkets and other shops practice rounding.