About: Mikaean dollar   Sponge Permalink

An Entity of Type : dbkwik:resource/w2GSS1radNzoFf1WSaIFpQ==, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

The Mikaean dollar (sign: ∇; code: MKD) is the official currency of Xyon. The currency is subdivided into cents by a ratio of 1/100. The currency is entire based on fiat, with its value determined solely upon the value set by the government of Xyon itself and the faith the citizens of Xyon place on that set value. The Mikaean dollar is one of the oldest currencies still in use in the world, from its first issuing in the late-1600s to the modern day.

AttributesValues
rdf:type
rdfs:label
  • Mikaean dollar
rdfs:comment
  • The Mikaean dollar (sign: ∇; code: MKD) is the official currency of Xyon. The currency is subdivided into cents by a ratio of 1/100. The currency is entire based on fiat, with its value determined solely upon the value set by the government of Xyon itself and the faith the citizens of Xyon place on that set value. The Mikaean dollar is one of the oldest currencies still in use in the world, from its first issuing in the late-1600s to the modern day.
dcterms:subject
dbkwik:conworld/pr...iPageUsesTemplate
printer website
  • xyonmoney.gov.xy
used coins
  • ∇0.1, ∇0.5, ∇1, ∇5, ∇10
subunit name
  • Cent
issuing authority title
  • Central bank
ISO code
  • XYD
mint website
  • fedmint.gov.xy
mint
  • Bureau of Minting
currency name
  • Mikaean dollar
Symbol
  • ∇
plural
  • Dollars
Image
  • Mikaean banknotes.svg
used banknotes
  • ∇5, ∇10, ∇20, ∇50, ∇100
issuing authority
printer
  • Bureau of Printing and Engraving
inflation source date
  • December 2014
inflation rate
  • 1.2
subunit ratio
  • 1(xsd:integer)
issuing authority website
  • fbx.gov.xy
Image-Width
  • 252(xsd:integer)
abstract
  • The Mikaean dollar (sign: ∇; code: MKD) is the official currency of Xyon. The currency is subdivided into cents by a ratio of 1/100. The currency is entire based on fiat, with its value determined solely upon the value set by the government of Xyon itself and the faith the citizens of Xyon place on that set value. The Mikaean dollar is one of the oldest currencies still in use in the world, from its first issuing in the late-1600s to the modern day. The Mikaean dollar is widely used throughout the globe as a reserve currency for its stability and relatively low value, allowing Mikaean businesses to compete globally without worrying too much about the danger of losing a profit to foreign competition. The Federal Bank of Xyon serves as the regulatory body for the Mikaean dollar, as well as the sole printer for the currency. All Mikaean dollars printed and issued in the world are only permitted to come from the mints of the Federal Bank, ensuring strict control over the currency and helping to protect it from widespread counterfeiting. The Mikaean dollar is the third-most traded currency in the foreign exchange market, after the U.S. dollar and the euro. With these other currencies, the Mikaean dollar serves as part of the basket of currencies which are used to calculated the value of the International Monetary Fund's special drawing rights, a coveted position for any of the world's aspiring economic powers. The Mikaean dollar alone has a weight of 7.36% in the special drawing rights, and is widely blamed by many for keeping China's renminbi from gaining ground internationally.
is Currency of
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