Monetary System

Kinolin Banking Clan

The KBC Silver/Gold Standard Coins

In 1535 (A12S) when he was the king of Pannu’gaia, AlecXyinth Shalmanseer held council with a kinolin thegn Ashur Delphi. Ashur united half of the kinolin clans under an agreement that they be responsible for creating a standard currency for all of Pannu’gaia. The Kinolin Banking Clan is united and begins building the city of Omaan and enchanting the Forest of Nineveh on northeastern cliffs of the island of Calimaan. The city and forest where created as protection for the mint for the KBC.

The KBC (Kinolin Banking Clan) created a standard for money during AlecXyinth’s rule of Pannugia. The minting of particular coins for a set value brought easier trade between neighboring nations that chose to utilize this system of currency. The Kinolin’s system made the silver coin the standard of value and the silver coin was named the “Mark,” to indicate that. While the system set by KBC makes silver the standard currency, many nations while employing KBC coin continue to use the gold “Crown” as their standard of trade. But, the exchange value of the coins is constant and remains the same throughout all participating nations.

The KBC coins are an acceptable standard for trade in: Alfhiem, Aquilon, Crystaliam, Dei’guan, Dushanbe, Gidi’alah, Heaverglem, Amuria, Ledge’por, Ne’davllar, Ne’eflem, Ne’star, Uthnal, Nor’drani, RocEmingrad, Sangala and Zenoah. While there is a possibility that trade may be had via other means (such as bartering or the use of other coin, raw metal or gems) KBC coins are readily acceptable by nearly all providers of goods and services (with rare exception) throughout the above nations.

Metals used to make KBC coins are alloyed with Nickel before minting for several reasons:
1) Due to the softness of some of the more valuable metals, they are alloyed to add rigidity and maintain the integrity of the coin.
2) The metals of lesser value while more rigid are alloyed to lessen tarnishing which compromises the integrity of the coin.
3) Due to the fact that all KBC coins weigh 1-20th of a pound (.8 oz.), all metals are alloyed to keep their value relative to the remainder of the coins versus the actual trade rate of .8 oz. of the given metal.
4) Due to the fact that all KBC coins weigh 1-20th of a pound (.8 oz.), heavier or lighter metals are alloyed to maintain the relative weight of the remainder of the coins.

(The chart below gives the names of the standard coins minted by the KBC and their exchange rate given the gold or silver standard. Nations that have not adopted KBC standard coin have alternate names for coinage they mint. In Most cases these nations will not have coins made of Bronze, Electrum or Mithril.)

TYPE NAME GOLD Standard SILVER Standard
Mithril Piece Bezant 1 to 100 GP 1 to 500 SP
Platinum Piece Florin 1 to 5 GP 1 to 50 SP
Gold Piece Crown 1 to 1 GP 1 to 10 SP
Electrum Piece Guilder 2 to 1 GP 1 to 5 SP
Silver Piece Mark 10 to 1 GP 1 to 1 SP
Copper Piece Pence 100 to 1 GP 10 to 1 SP
Bronze Piece Dreyling (or Half-Pence) 500 to 1 GP 50 to 1 SP

SJCs: Pure bars and raw chunks of precious or fantastic metals have been used as money since the earliest times. This practice has never fallen out of favor among traders and merchants. To this day, large transactions that would otherwise require a voluminous amount of coin are often otherwise satisfied by using large amounts of pure metals. Under arrangements of this type, one of many possible methods will be used to verify the authenticity of the type of metal being presented. These hunks or bars are also weighed to gauge their actual value. Of course pure or raw metals are frequently purchased by those who would use them to mint coins. Oddly the payment for this type of purchase is most often settled with bars or coins. Pure precious metal is 24 carat or .999% pure if it is silver. Alloys are indicated by the number of carats or percentage of silver of the main metal in the alloy.

KBC coins (and all other coins for that matter) are far too tiny for Jontun hands to manipulate effectively. For this reason among others, the KBC mints Special Jontun Currencies (SJCs). The pieces and denominations of the Jontun currency are far larger than those for other races. This reflects the massive increase in the amounts of goods needed for Jontun endeavors. The minted bars are easier to manipulate for the Jontun but remain rather unwieldy for smaller races. Because these bars are made of only pure unalloyed mithril, platinum, silver or gold, they are widely accepted throughout the world and are a favored form or currency among traders and merchants of all races. Due to the fact that the bars typically represent a value of vast numbers of gold pieces, they are occasionally broken to affect smaller portions of a complete amount of payment.

SACs: Aluftian money are known as SACs because coins in great numbers become too heavy to be carried aloft. SACS are made of gems or the lightest metals. KBC coins are accepted in most places in Avian cities but they prefer the SAC gem/coins which are also acceptable by traders from most nations.

Non-KBC Coins

Throughout history previous to the formation of the KBC, coins were minted at many times and by many nations. These coins did not often have the uniform appearance of the KBC coins. The value of old coins was equal to the amount of a precious metal of which they were comprised. For instance, holding two coins of equal size one being 24 carat gold and one of .999 fine silver you will find several striking differences. Most noticeable will be that the gold coin was heavier than the silver. The gold coin’s worth will also be near 100 times that of the silver. For these reasons and many others, non-KBC coins are and were made in various sizes and shapes in addition to cultural differences represented by markings on the coin.

To this day some nations do not use KBC coins. This may be contributed to their vast distance from the central bank or cultural differences between nations but the fact remains that these nations do not conform to the standard. All coin listed below have generally equal value to their KBC analog and comparative value to each other. They may be judged to have higher or lower value than KBC coins depending on the area they are employed but in these nations that mint their own coins, KBC coins are not a readily accepted form of money. It may be possible to obtain goods and services using them in these nations but it is not the norm. It may also be possible to use any of these alternate coins in any of the conforming or non-conforming nations.

(The chart below lists the nations which mint alternate non-KBC coins and the names of such coins. The most notable fact evidenced by this chart is the lack of many of the denominations that are minted by the KBC. Also, both the Tyrian and Bifrostian monetary systems no not make use of an electrum piece or coin.

TYPE BIFROSTIAN TYRIAN DAINISH
Platinum Piece Laurel Crusado Quattle
Gold Piece Royal Denier Obol
Electrum Piece N/A N/A Harf
Silver Piece Shilling Drachma Livre
Copper Piece Sheckle Ryn Abas

Bifrostian Coin: Standard only in Bifrost, these coins are minted there. Bifrost’s economy is still largely barter-driven and thus there are few coins made. They are a tool mostly of the rich or ruling class. These coins are made of pure metal of corresponding type but differ greatly from KBC coins in size and shape.
Tyrian Coin: Made in Tyria and used in Tyria, Daath’Dagon, Ne’strond and Skaanne these are the only coins useable in these nations (KBC coins are not accepted). Skaanne still has a strong bartering system intact. These coins are made of pure metal of corresponding type but differ greatly from KBC coins in size and shape.
Dainish Coin: The standard in Shakier, Leadg’por, Ne’Star and Gidi’alah and accepted as equal to KBC coin in most of Old Palo’dainia these coins are minted in Gidi’alah or Shakier and are made of pure metal of corresponding type but differ greatly from KBC coins in size and shape.

Bartering

Tron’de’Log: The Fall People will not use coins. Their understanding of ownership is limited to things they can carry on their person in their nomadic journeys. The acceptance of coin of any type is on a case by case basis depending on the seller being dealt with, but is by no means anywhere near a common practice in this nation.

Monetary System

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