Kelssek thaler
| Kelssek thaler | |
|---|---|
| Subunit | |
| 1/100 | Penny (Anglian) Centime (Frankish) |
| Plural | thalers |
| penny | pence |
| centime | centimes |
| Symbol | ϑ |
| Banknotes | ϑ5, ϑ10, ϑ20, ϑ50, ϑ100 |
| Coins | 1d, 5d, 10d, 50d, ϑ1, ϑ2 |
| Official user(s) |  Kelssek
|
| Central bank | Bank of Kelssek |
| Printer | Note Printer Kelssek |
| Mint | Confederation Mint |
| Exchange rate | ϑ1 = USD 2.86 |
The thaler (symbol: ϑ; code: KET) is the currency of Kelssek. It is divided in 100 pence (written as d, which derives from the ancient denarius). The currency is issued and governed by the Bank of Kelssek, the country's central bank.
The price of 2 thalers and 35 pence would be written ϑ2.35 (or ϑ2,35 in Frankish-speaking regions), with just the penny sign (d) for prices less than ϑ1 (e.g. 20d for 20 pence). It is common to substitute an italic small T if the appropriate symbol is not typographically available ("t 2.35").
Under the Constitution of Kelssek, the federal Parliament has the authority over banking and the issue of money, but following confederation in 1886, money of the former Guedian Kingdom continued to circulate, while provinces such as Etnier and Konoha had established their own currencies at the time the crown had lost control of those territories during earlier phases of the revolution. There was hence a great deal of politicking and inertia before the thaler was established as the money of Kelssek when the Currency Unification Act became law in 1891, creating the Bank of Kelssek.
The thaler is currently a managed-float currency, with central bank intervention occurring to ensure the currency's exchange rate against a basket of relevant currencies is consistent with government macroeconomic goals. Historically, this has meant a slight undervaluation to boost export competitiveness.
Banknotes and coins
Coin denominations are 1d, 5d, 10d, 25d, ϑ1 and ϑ2. They are produced at the Confederation Mint in Clayquot. The current "Journey" series of banknotes was first introduced in the ϑ100 denomination in 182FE, and fully replaced the previous "Monuments series" with the introduction of the ϑ5 note in 189FE. The Journey series marked the switch from cotton-fibre to polymer banknotes, with features including a see-through window with a holographic national coat-of-arms and embossed Braille numerals.
| File:Kskthaler5.jpg | File:Kskthaler10.jpg | File:Kskthaler20.jpg |
| File:Kskthaler50.jpg | File:Kskthaler100.jpg |
