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Peterhoff3 — 11th Legion: On the Imperial currency
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Published: 2023-01-13 22:50:45 +0000 UTC; Views: 1084; Favourites: 17; Downloads: 2
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Description
There are many currencies in the Imperium. Credits, crowns, thrones, and aquilas, to name a few. Some of these currencies are accepted on a galactic scale, but the vast majority are only legal tender within a sector, star system, planet, or locality. Gold trade coins known as throne gelt (ƒ) are the closest to a universally accepted currency in the Imperium.
Merchants, rogue traders, inquisitors of the Orders Metallic, the Mechanicum, or anyone moving around the galaxy use throne gelt. However, there is no proper system to determine the value of a throne, instead, they are determined locally. The Imperium does not operate a centralized economic system and certainly not a bourse.
Nevertheless, many regional currencies have been pegged to the throne gelt, each with its conversion rates. For example, in the Nippon sector, the throne gelt has a rate of 1,000 mon (文) for one throne. Expect the conversion rate to not be in one's favor.
On the Nipponese Mon
The official currency of the Nippon sector, its commanderies, and adjoining sectors. The mon is a coin of Cathay and its cultural sphere, which Nippon is part of. The coins have a round outer shape with a central square or round center hole. Most mon is made from copper or copper-nickel, with iron, lead, and zinc coins used less often.
Each coin has a hole in the middle that allows them to be strung together to make strings of 1,000 coins worth one throne each. A thousand coins strung together were referred to as a kanmon (貫文) and were accepted by merchants per string because counting the individual coins would take too much time. Because the strings were accepted without being checked for damaged coins or coins of inferior quality or copper alloys, kanmon would eventually be accepted based on their nominal value rather than their weight; this system is comparable to that of a fiat currency. In the fourth century of M31, banknotes would start replacing coins' strings.
The Monetary Authority of Nippon has a monopoly on controlling the money supply. They issued coins denominated from 1 to 500 mon and banknotes from 1,000 to 100,000 mon.
An Out of Universe Note on The Value of the Mon
In reality, the mon is worth 1/1000 of a U.S. dollar, with ten mon worth one cent.
10文 ¢1
20 ¢2
50 ¢5
100 ¢10
200 ¢20
500 ¢50
1,000 $1
2,000 $2
5,000 $5
10,000 $10
20,000 $20
50,000 $50
100,000 $100
200,000 $200
500,000 $500
1,000,000 $1,000
5,000,000 $5,000
10,000,000 $10,000
20,000,000 $20,000
50,000,000 $50,000
100,000,000 $100,000
200,000,000 $200,000
500,000,000 $500,000
1,000,000,000 $1,000,000
5,000,000,000 $5,000,000
10,000,000,000 $10,000,000
20,000,000,000 $20,000,000
50,000,000,000 $50,000,000
100,000,000,000 $100,000,000
1,000,000,000,000 $1,000,000,000
5,000,000,000,000 $5,000,000,000
10,000,000,000,000 $10,000,000,000
20,000,000,000,000 $20,000,000,000
50,000,000,000,000 $50,000,000,000
100,000,000,000,000 $100,000,000,000
