The Times Reports

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Sunday, September 12, 2010

FCA Currency Announced by Ministry of Finance

The Ministry of Finance has announced that the official currency of the Federal Commonwealth of Andersonia shall be the ANDERSONIAN SIMOLEON (§, ASM). This shall be divided into shillings (s).

CURRENCY STRUCTURE
100 shillings (100s) make 1 Simoleon (§1).
10 shillings (10s) make 1 decimal (1d).
10 decimals (10d) make 1 Simoleon (§1).

25 shillings (25s) may also be written as 2/5d, or two decimals five shillings.
75 shillings (75s) may also be written as 7/5d, or seven decimals, five shillings.

25s (2/5d) shall be equal to one farthing.
50s (5d) shall be equal to one florin (two farthings).

Decimals apply to any ten-shilling total: 1d, 2d, 3d, 4d, 5d, 6d, 7d, 8d, 9d. These are the only numbers that may be used - 10d, 11d, 15d is not an accepted decimal amount and must be converted to the Simoleon.shilling format, in these cases §1, §1.10s/§1.1d, §1.15/§1.5d.

The x/5d shall not apply to any other decimal amount (1d, 3d, 4d, 6d, 8d, 9d), and the x/5d may not be used for any other shilling purpose (2/6d-26s, 4/2d-42s). This format is not necessary for a fifty shilling amount (5d, 5/0d, 5/5d).

When currency is written down WITH shillings (§2.30), the letter 's' may or may not be affixed. Either use shall be accepted (§2.30/§2.30s). However when NO Simoleons are involved the letter 's' MUST be affixed(30s).

Example amounts:
§4.30s is four Simoleons and thirty shillings.
§6.5d is six Simoleons and five decimals, or fifty shillings.
§226.7/5d is two hundred and twenty-six Simoleons and seven decimals, five shillings, or seventy-five shillings.

COINAGE AND NOTES
Coinage: 1s, 2s, 5s, 10s, 20s, 50s, §1 and §2 (that is, 1s/2s/5s/1d/2d/5d/§1/§2)
Notes: §5, §10, §20, §50, §100, §200, §500

NEW ZEALAND DOLLARS
The New Zealand Dollar ($NZ/NZD) is also legal tender in the FCA and shall be accepted alongside the Simoleon.

One Simoleon shall be equal to One dollar and Sixty Cents.

The appearance of the coins and notes has not been confirmed by the Ministry of Finance, but it has been confirmed the Treasury shall be responsible for the printing of notes and the striking of coins, and that the Imperial Bank of Andersonia shall be responsible for distribution.

Note: The Times would like to point out the conversion between dollars and simoleons as:
Simoleon>Dollar: Simoleon amount x 1.6.
Dollar>Simoleon: Dollar amount ÷ 1.6.

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