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Sierran dollar

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 This article is a C-class article. It is written satisfactorily but needs improvement. This article is part of Altverse II.
Sierran dollar
Sierran one dollar front.png Sierran twenty dollar front.png
Front view of the $1 billFront view of the $20 bill
ISO 4217
Code KSD
Denominations
Subunit
 1/100 Cent (¢)
 1/20 Nickle
 1/10 Dime
 1/4 Quarter
Symbol $
Banknotes $1, $5, $10, $20, $50, $100, $500
Coins 1¢, 5¢, 10¢, 25¢, 50¢, 100¢
Demographics
User(s)  Kingdom of Sierra

Issuance
Central bank Royal Monetary Authority (Bank of Sierra)
Printer Royal Mint of Sierra

The Sierran dollar (Sign: $, code: KSD) is the official currency of the Kingdom of Sierra and is divided into 100 subunits known as cents. Circulated and managed by the Royal Monetary Authority, the Kingdom of Sierra's central banking system, the current currency has been in use continuously since 1858, replacing the California dollar, a remnant of the Kingdom of Sierra's predecessor state, the California Republic. It is the world's largest reserve currency and is used unofficially by three other sovereign states, all of which are part of the Columbia realms: Cozumel, Guam, and the Northern Mariana Islands. It was also briefly the official currency of Honduras and El Salvador, before they became part of the Federation of Central America in 1986.

The Sierran dollar became a reserve currency after Great War I along side the British pound sterling, and replaced it completely after Great War II when the Northwoods Agreement made it the primary reserve currency, as recognized by the other countries involved, and by the International Monetary Fund and the World Bank, which were created by Northwooods as the cornerstones of a global monetary system. The Sierran dollar is the most widely used currency in international transactions and is a free-floating currency. It is also the main component of the American Currency Unit (ACU), a basket of currencies used by the Conference of American States as an accounting currency for certain transactions.

As of late 2022, the Sierran dollar had KS$1.6 trillion in physical circulation, of which KS$1.55 trillion are in the form of Royal Monetary Authority Notes, while the remaining KS$50 billion are in the form of coins and older-style notes.

Overview

The Constitution of Sierra proscribes the power to coin and mint money to the Parliament. Since the Mint Acts of 1859 and similar laws enacted since, the specifications and standards of Sierran currency determine that the Sierran dollar be issued. The term "dollar" derives directly from the United States Constitution by which the Sierran constitution is partially inspired by. There in that document, the term is a reference to the Spanish milled dollar used by Spain at the time.

The Sierran dollar is based upon a decimal system wherein the lowest unit of the dollar is the penny which is one-hundredths of a dollar (represented as ). Banknotes and coins issued by the Royal Monetary Authority of Sierra have been in use since 1863 after the establishment of a central banking system in Sierra. Denominations equal to or lesser than one dollar are circulated and released in the form of coins while denominations equal to or greater than one dollar are issued in banknotes. All KSD notes are printed using wood fibers while coins are minted using combinations of copper, zinc, nickle, and manganese. The former two, especially copper, makeup the majority of all the coins' composition. In the past, coins have been minted with gold or silver. The $1 coin whose appearance is gold is in fact not made out of gold, but rather the exterior cladding of manganese brass.

Design and gallery


Legal tender, monetary police, and use

Logo of the Royal Monetary Authority of Sierra.

While Sierran dollar banknotes and a select choice of coins (namely the 1¢, 5¢, 10¢, and 25¢ in limited quantities) are the only legal tender in the Kingdom of Sierra, commercial transactions may be settled legally between any disputing parties via mutual consent. The Royal Monetary Authority of Sierra is the primary government body which governs and regulates the monetary policy and circulation of the Sierran dollar. The Royal Mint of Sierra on the other hand, a distinct and separate government agency, holds the sole right to mint and produce coins for Sierra.

Every once or twice a year, usually before Christmas and the first day of summer, the Royal Monetary Authority distributes a large amount of its currency to commercial banks nationwide and then gives additional amounts to clients upon request.

Value

Most traded currencies by value  v  d  e 
Rank Currency ISO 4217
code
Symbol or
abbreviation
Proportion of
daily volume,
April 2019
Proportion of
daily volume,
April 2022
1
Sierran dollar
KSD
KS$
72.3% 74.5%
2
Deutsche Mark
DEM
DM
3
Chinese yuan
CNY
¥‎ or 元
4
Japanese yen
JPY
¥‎ or 円
5
Continental dollar
UCD
Ȼ
6
Pound sterling
GBP
£
7
Astorian dollar
ASD
AD$
8
Manitoban dollar
MAD
MA$
9
Singapore dollar
SGD
S$
10
Swiss franc
CHF
CHF
11
Superian dollar
SSD
SD$
12
Korean won
KRW
₩ or 원
13
French franc
FRF
14
Norwegian krone
NOK
KR
15
New South Wales dollar
NSW
NSW
16
Manchurian yuan
MNU
¥ or MU¥
17
Indian rupee
INR
18
Spanish peseta
PTS
19
Dutch guilder
NLG
ƒ‎
20
Tondolese dollar
TND
TD$
21
Mexican peso
MXN
MX$
22
Italian lira
ITL
LIT
23
Trucial rial
TCR
د.إ
24
Swedish krona
SEK
kr
25
Brazilian real
BRL
R$
26
Andean peso
PAN
AP$
27
Danish krone
DKK
kr
28
Russian ruble
RUB
29
Anatolian lira
ANL
30
South Vietnamese đồng
SVD
đ‎
31
Central American real
CNR
C$
32
Austrian schilling
ATS
öS‎
33
Hashemite rial
HAR
34
Czech koruna
CZK
35
South African pound
SAP
SA£
Other 2.2% 2.5%
Total[1] 200.0% 200.0%
  1. ^ The total sum is 200% because each currency trade always involves a currency pair; one currency is sold and another bought. Therefore each trade is counted twice, once under the sold currency and once under the bought currency. The percentages above are the percent of trades involving that currency regardless of whether it is bought or sold, e.g. the US dollar is bought or sold in 88% of all trades, whereas the euro is bought or sold 32% of the time.


Exchange rates

See also