Orstrarian Silbark
The Ostrarian Silbark (sign: ¤) is the official currency in the Ostrarian Sovereign State. The Silbark was subdivided into 100 Silfenn. The SIlbark originated as an ancient weight measure, traditionally one gram, and later used for several coins.
The Silbark was introduced at the founding of the nation as a permanent replacement for all previous forms of barter and currency systems. This was necessary due to the fact that the profile of previous rulers were on the coinage. With the original concept being silver coins of varying degrees of purity cast with the profile of the Leader of the Realm and the corresponding value on the flip side. On 2592 NE, two years after the introduction of the replacement coinage, paper notes replaced the pure silver coins that denoted values higher than ¤2,000 and the National Mint issued the first broad recall of pure silver coins after the discovery of a loss of over 20,000 coins in circulation and a loss of over ¤50,000 in seigniorage as the Silversmiths embraced arbitrage and made a huge profitd in reselling the Silbark as base silver for profit as multi-national exchange rates became impossible to maintain. To reduce market efficiencies and discourage proliferation of counterfeit currencies, the current Ostrarian Silbark was almost entirely decoupled from it's Silver-based origins and instead reliant upon a fluctuating exchange rate stabilised only through currency manipulation tactics and unilateral trade treaties that promote further use of the currency.
The current paper bills still incorporate traces amounts of silver diluted with luminous minerals that made it practically unfeasible to counterfeit without specialised equipment, and a dull reflection of national flag could be seen under daylight conditions. The corresponding units are: ¤5, ¤10, ¤50, ¤100, ¤1000 While the Silfenn coins also still incorporates silver as a part of its composition, however, its chemical makeup is combined with an acidic substance that corrodes the coin as it reaches high temperatures. Thus rendering all future attempts at extracting the silver from the coin impossible without the use of magic. Complex patterns engraved into its surface denotes the curling wings of two songbirds and an all-seeing eye. The corresponding units are: ¤0.05, ¤0.10, ¤0.50, ¤1, ¤2
The coin is tied five countries currencies and the internal markets of overseas territories. With it being almost ubiquitous to the concept of wealth itself within the government's administrative areas. Pure minerals such as gold and silver are no valued as highly against the currency itself as the country's sharpest minds worked tirlessly to make the currency to be less and less relevant to the field of precious minerals.
The prevalence - With both the richest and the poorest citizen all using the same standardised currency, all trade and financial transactions exists within the contextualised framework of the Ostrarian Silbark. WIth every coin issued by a monopoly that thereby monitors its circulation and changes manipulates value, no person could hold any wealth beyond the Silbark that carries any higher command or financial authority.
HISTORY
The Silbark was introduced at the founding of the nation as a permanent replacement for all previous forms of barter and currency systems. This was necessary due to the fact that the profile of previous rulers were on the coinage. With the original concept being silver coins of varying degrees of purity cast with the profile of the Leader of the Realm and the corresponding value on the flip side. On 2592 NE, two years after the introduction of the replacement coinage, paper notes replaced the pure silver coins that denoted values higher than ¤2,000 and the National Mint issued the first broad recall of pure silver coins after the discovery of a loss of over 20,000 coins in circulation and a loss of over ¤50,000 in seigniorage as the Silversmiths embraced arbitrage and made a huge profitd in reselling the Silbark as base silver for profit as multi-national exchange rates became impossible to maintain. To reduce market efficiencies and discourage proliferation of counterfeit currencies, the current Ostrarian Silbark was almost entirely decoupled from it's Silver-based origins and instead reliant upon a fluctuating exchange rate stabilised only through currency manipulation tactics and unilateral trade treaties that promote further use of the currency.
PHYSICAL DESCRIPTION
The current paper bills still incorporate traces amounts of silver diluted with luminous minerals that made it practically unfeasible to counterfeit without specialised equipment, and a dull reflection of national flag could be seen under daylight conditions. The corresponding units are: ¤5, ¤10, ¤50, ¤100, ¤1000 While the Silfenn coins also still incorporates silver as a part of its composition, however, its chemical makeup is combined with an acidic substance that corrodes the coin as it reaches high temperatures. Thus rendering all future attempts at extracting the silver from the coin impossible without the use of magic. Complex patterns engraved into its surface denotes the curling wings of two songbirds and an all-seeing eye. The corresponding units are: ¤0.05, ¤0.10, ¤0.50, ¤1, ¤2
ECONOMICAL INFLUENCE
The coin is tied five countries currencies and the internal markets of overseas territories. With it being almost ubiquitous to the concept of wealth itself within the government's administrative areas. Pure minerals such as gold and silver are no valued as highly against the currency itself as the country's sharpest minds worked tirlessly to make the currency to be less and less relevant to the field of precious minerals.
CULTURAL INFLUENCE
The prevalence - With both the richest and the poorest citizen all using the same standardised currency, all trade and financial transactions exists within the contextualised framework of the Ostrarian Silbark. WIth every coin issued by a monopoly that thereby monitors its circulation and changes manipulates value, no person could hold any wealth beyond the Silbark that carries any higher command or financial authority.
Significance
The de facto currency of Ostraria
Item type
Currency & Deeds
Manufacturer
Owning Organization
Rarity
Common within Ostraria-controlled territories.
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