Sierran dollar

  

Sierran dollar

Front view of the $1 bill Front view of the $20 bill
ISO 4217
Code	KSD (numeric: )
Subunit	6998100000000000000♠0.01
Unit
Symbol	$‎
Denominations
Subunit
1/100	Cent (¢)
1/20	Nickle
1/10	Dime
1/4	Quarter
Banknotes	$1, $5, $10, $20, $50, $100, $500
Coins	1¢, 5¢, 10¢, 25¢, 50¢, 100¢
Demographics
User(s)	Kingdom of Sierra Sierran territories Gilbert and Ellice Islands Pacific Crown Islands Rapa Nui Unofficial users Cozumel Guam Northern Mariana Islands
Issuance
Central bank	Royal Monetary Authority (Bank of Sierra)
Printer	Royal Mint of Sierra

The Sierran dollar (Sign: $, code: KSD) is the official currency of the Kingdom of Sierra and is divided into 100 subunits known as cents. Circulated and managed by the Royal Monetary Authority, the Kingdom of Sierra's central banking system, the current currency has been in use continuously since 1858, replacing the California dollar, a remnant of the Kingdom of Sierra's predecessor state, the California Republic. It is the world's largest reserve currency and is used unofficially by three other sovereign states, all of which are part of the Columbia realms: Cozumel, Guam, and the Northern Mariana Islands. It was also briefly the official currency of Honduras and El Salvador, before they became part of the Federation of Central America in 1986.

The Sierran dollar became a reserve currency after Great War I along side the British pound sterling, and replaced it completely after Great War II when the Northwoods Agreement made it the primary reserve currency, as recognized by the other countries involved, and by the International Monetary Fund and the World Bank, which were created by Northwooods as the cornerstones of a global monetary system. The Sierran dollar is the most widely used currency in international transactions and is a free-floating currency. It is also the main component of the American Currency Unit (ACU), a basket of currencies used by the Conference of American States as an accounting currency for certain transactions.

As of late 2022, the Sierran dollar had KS$1.6 trillion in physical circulation, of which KS$1.55 trillion are in the form of Royal Monetary Authority Notes, while the remaining KS$50 billion are in the form of coins and older-style notes.

Overview

The Constitution of Sierra proscribes the power to coin and mint money to the Parliament. Since the Mint Acts of 1859 and similar laws enacted since, the specifications and standards of Sierran currency determine that the Sierran dollar be issued. The term "dollar" derives directly from the United States Constitution by which the Sierran constitution is partially inspired by. There in that document, the term is a reference to the Spanish milled dollar used by Spain at the time.

The Sierran dollar is based upon a decimal system wherein the lowest unit of the dollar is the penny which is one-hundredths of a dollar (represented as 1¢). Banknotes and coins issued by the Royal Monetary Authority of Sierra have been in use since 1863 after the establishment of a central banking system in Sierra. Denominations equal to or lesser than one dollar are circulated and released in the form of coins while denominations equal to or greater than one dollar are issued in banknotes. All KSD notes are printed using wood fibers while coins are minted using combinations of copper, zinc, nickle, and manganese. The former two, especially copper, makeup the majority of all the coins' composition. In the past, coins have been minted with gold or silver. The $1 coin whose appearance is gold is in fact not made out of gold, but rather the exterior cladding of manganese brass.

Design and gallery

• Banknotes, 2014 series
• 

  Obverse view of the one dollar featuring Charles I

• 

  Obverse view of the five dollar featuring John Muir

• 

  Obverse view of the ten dollar featuring Junipero Serra

• 

  Obverse view of the twenty dollar featuring John Sutter

Legal tender, monetary police, and use

Logo of the Royal Monetary Authority of Sierra.

While Sierran dollar banknotes and a select choice of coins (namely the 1¢, 5¢, 10¢, and 25¢ in limited quantities) are the only legal tender in the Kingdom of Sierra, commercial transactions may be settled legally between any disputing parties via mutual consent. The Royal Monetary Authority of Sierra is the primary government body which governs and regulates the monetary policy and circulation of the Sierran dollar. The Royal Mint of Sierra on the other hand, a distinct and separate government agency, holds the sole right to mint and produce coins for Sierra.

Every once or twice a year, usually before Christmas and the first day of summer, the Royal Monetary Authority distributes a large amount of its currency to commercial banks nationwide and then gives additional amounts to clients upon request.

Value

Most traded currencies by value   

Rank	Currency	ISO 4217 code	Symbol or abbreviation	Proportion of daily volume, April 2019	Proportion of daily volume, April 2022
1	Sierran dollar	KSD	KS$	72.3%	74.5%
2	Deutsche Mark	DEM	DM
3	Chinese yuan	CNY	¥‎ or 元
4	Japanese yen	JPY	¥‎ or 円
5	Continental dollar	UCD	Ȼ
6	Pound sterling	GBP	£
7	Astorian dollar	ASD	AD$
8	Manitoban dollar	MAD	MA$
9	Singapore dollar	SGD	S$
10	Swiss franc	CHF	CHF
11	Superian dollar	SSD	SD$
12	Korean won	KRW	₩ or 원
13	French franc	FRF	₣
14	Norwegian krone	NOK	KR
15	New South Wales dollar	NSW	NSW
16	Manchurian yuan	MNU	￥ or MU￥
17	Indian rupee	INR	₹
18	Spanish peseta	PTS	₧
19	Dutch guilder	NLG	ƒ‎
20	Tondolese dollar	TND	TD$
21	Mexican peso	MXN	MX$
22	Italian lira	ITL	LIT
23	Trucial rial	TCR	د.إ
24	Swedish krona	SEK	kr
25	Brazilian real	BRL	R$
26	Andean peso	PAN	AP$
27	Danish krone	DKK	kr
28	Russian ruble	RUB	₽
29	Anatolian lira	ANL	₺
30	South Vietnamese đồng	SVD	đ‎
31	Central American real	CNR	C$
32	Austrian schilling	ATS	öS‎
33	Hashemite rial	HAR	﷼
34	Czech koruna	CZK	Kč
35	South African pound	SAP	SA£
…	Other			2.2%	2.5%
Total				200.0%	200.0%