Tuesday, September 16, 2008

The Government authorizes the issue of a one tenth of a Darling coin

In the previous post I myself did not understand how a price of coffee could be 0.7D, when there was only 0.5 and 0.25 coins around. I guess the royal Koborg Bank knew something and in advance authorized debiting pre-paid consumer and fuel cards in 0.1 D increments. Today's news makes it official.

I also was wondering about the price of gold interest that accumulated in thirds of darlings and crowns.

Today the government ordered its mint in Waldihask to start issuing a coin equivalent to one tenth( Dijm, pronounced like we say cream in Alabama), a third (Threidling, 1/30 of Darling) and a penny (Feonling) of a Darling. Up until now the smallest denomination coin has been a quarter of a darling.

I am already hearing gripes about the Threidling. But it is necessary, since the fractions have been accumulating on paper and haven't been capable of being paid out in cash.

See national currency chart here

All coins smaller than 1 darling are minted using the one-step high-temperature and pressure alloy strike process, wherein the proprietary mixture of nickel, copper, zinc and other metals are molecularly embedded into the major metal, making the allow resemble gold.

Since the Royal gold crown has proved to be the optimal in unit weight and value, the Government has excluded itslef from minting its own equivalents of the gold crown. To remind everyone, the crown name has no connection to other monetary units bearing the same name. The Attland's gold crown bears no image resembling a crown. The source of the name is in the crown coin being an equivalent of a 1/12 of the Queen's Gold Tiara weight (a pound, or 453.59 grams), a historical and official standard.

The Government, however, has a natural right to mint denominations in Darlings, that is 50 D and below. 100D is not minted or printed due to being denominated as a gold Tithe coin only (see below).
So far we have to buy those fashionable money pouches to carry the hefty load of 8 brass and nickel darling fractional coins, and special pouch wallets for the gold crown fractions.

This describes the Attland's currency denominations, according to the Royal gold price fix:

gold crown 1 37.799167 grams today $1,226.00, coin only
Threeden 2/3 25.19957066389 $817.37 coin only
Half 0.5 18.8995835 $613.00 coin only
Third 1 / 3 12.5984623611 $408.63 coin only
Forth 1 / 4 9.44979175 $306.50 coin only
Tithe 0.1 3.7799167 $122.60 coin only
Twelfth 1 / 12 3.14993058333333 $102.17 gold-in-silver bimetallic coin only

Darling

50 $61.30 government and Royal bill
25 $30.65 government and Royal bill
10 $12.26 government and Royal bill
5 $6.13 government bills and Royal coin
2 $2.45 government and Royal coin
1 $1.23 government and Royal coin
Half D $0.61 government and Royal coin
Quarter D $0.31 government and Royal coin
Dijm (1/10 Darling) $0.1226 government coin
Threidling (1/300 Darling) $0.037 government coin
Feonling (1/100 Darling) $0.01 government coin

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