Xenican moneta

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Banknote for 50 moneta on obverse side, featuring an old picture of the XAF Radio Mast.

The Xenican moneta (generally symbolised as M, code XEM) is the official currency of Xenica. It was adopted in 1953 to replace the Ingerish taller.

At present, the Xenican moneta is worth about 0.132 USD (Decrease -0 USD). One USD is worth 7.6 moneta. (update)


History

Before independence, many proposals had been made for Xenica to have its own currency. In around 1944-45, test currency called the 'Xenican pound' was used at some shops, and by 1950 an official referendum was issued, with 81% of citizens voting 'yes' to Xenica having its own currency. Following this, a vote was held to determine the currency's name. While 'pound' was overall the most popular suggestion, the name 'moneta' was eventually chosen, based on the campaign by a Florescentan politician who suggested it as a more original name, based on that 'moneta' is Florescentian for coin.

Coins

Note that the moneta has no official subdivision: cents were historically used, but were removed with the 2004 series.

2004 series

Colour Value US$ est.
Copper M1/4 0.033
Silver M1/2 0.066
Silver M1 0.132
Silver M2 0.263
Silver M5 0.658
Silver (with gold edge) M10 1.32

Banknotes

Xenica has followed a number of other countries and started printing banknotes from artificial polymers starting with the new 2014 series. These banknotes are notable for having a picture of a place or historical event on the obverse side, and of a person on the reverse. (People TBA)

Value US$ est. Main colour Image (obverse) Image (reverse) Notes
M10 1.32 Navy blue Xenica Old City Hall Still legal tender, however they are not in the 2014 Polymer Series.
M20 2.63 Purple Defense of Survey Hill, 1781
M50 6.58 Aqua XAF Radio Mast
M100 13.2 Red 1920s image of the Old Port (stylised)
M200 26.3 Green Chamber of Union Currently the largest denomination accepted.

Other denominations have existed in the past, for instance the Independence Series from 1953-1976 had M1, M5, M25, and M500 notes. None of these are currently legal tender.

Other information

The smallest legally accepted denomination of the moneta is the 25 cents, or just referred to by Xenicans as a 'quarter'. This has led to a somewhat unusual system for currency rounding.
It is similar in some aspects to the commonly used 'Swedish rounding', e.g. an item priced at 3.49 or 3.99 moneta would be rounded up to 3.50, and 4 moneta, respectively. However, this is used in different brackets, rather than multiples of ten. For instance:

  • An item priced at 3.51 to 3.62 moneta (since the middle of the bracket is 3.625) would get rounded to 3.50.
  • An item priced at 3.63 to 3.74 would get rounded up to 3.75.

This system is only much in use in supermarkets and other large retailers where digital transactions have taken over. Smaller establishments will usually not round their prices, and list an item priced at 3.75 that way (some also write it in fractions: 3¾).