Haesanite seol - Revision history

Haesan: /* Banknotes */

2024-12-24T19:45:01Z

Banknotes

← Older revision		Revision as of 14:45, 24 December 2024
Line 111:		Line 111:
	\|-		\|-
	\|𐋃10,000		\|𐋃10,000
	\|Han Ju-sang, first ~~President~~ of Haesan and independence activist		\|Han Ju-sang, first Prime Minister of Haesan and independence activist
	\|Dalseongjeon, [[Hwagang]]		\|Dalseongjeon, [[Hwagang]]
	\|Purple		\|Purple

Haesan at 03:38, 9 February 2024

2024-02-09T03:38:07Z

← Older revision		Revision as of 22:38, 8 February 2024
Line 32:		Line 32:
	}}		}}

	The '''Haesanite seol''' (Code: HNS, Symbol: 𐋃, Haean: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 𐋃5 to 𐋃10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of ~~July 15~~, ~~2023~~, the currency trades with the [[Sanctarian pound]] at a rate of around ~~𐋃185~~.87 = £1.		The '''Haesanite seol''' (Code: HNS, Symbol: 𐋃, Haean: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 𐋃5 to 𐋃10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of February 1, 2024, the currency trades with the [[Sanctarian pound]] at a rate of around 𐋃191.72 = £1.

	==History==		==History==

Haesan at 03:36, 9 February 2024

2024-02-09T03:36:48Z

← Older revision		Revision as of 22:36, 8 February 2024
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	\|𐋃5		\|𐋃5
	\|Sailboat		\|Sailboat
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Commonwealth of Haesan", "해산민국"
	\|-		\|-
	\|𐋃10		\|𐋃10
	\|Mount Jisun		\|Mount Jisun
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Commonwealth of Haesan", "해산민국"
	\|-		\|-
	\|𐋃20		\|𐋃20
	\|Bridge of the Maritimes		\|Bridge of the Maritimes
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Commonwealth of Haesan", "해산민국"
	\|-		\|-
	\|𐋃50		\|𐋃50
	\|Silver whale		\|Silver whale
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Commonwealth of Haesan", "해산민국"
	\|-		\|-
	\|𐋃100		\|𐋃100
	\|Chrysanthemum blossom		\|Chrysanthemum blossom
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Commonwealth of Haesan", "해산민국"
	\|}		\|}

Haesan: Haeanization

2024-02-09T03:35:49Z

Haeanization

← Older revision		Revision as of 22:35, 8 February 2024
Line 32:		Line 32:
	}}		}}

	The '''Haesanite seol''' (Code: HNS, Symbol: 𐋃, ~~Korean~~: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 𐋃5 to 𐋃10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of July 15, 2023, the currency trades with the [[Sanctarian pound]] at a rate of around 𐋃185.87 = £1.		The '''Haesanite seol''' (Code: HNS, Symbol: 𐋃, Haean: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 𐋃5 to 𐋃10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of July 15, 2023, the currency trades with the [[Sanctarian pound]] at a rate of around 𐋃185.87 = £1.

	==History==		==History==
	First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian dollar]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the ~~Korean~~ Language Administration Act of 1991.		First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian dollar]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the Haean Language Administration Act of 1991.

	The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.		The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.

	The symbol of the seol was originally 설, its name in ~~Korean~~. After the reinstatement of Haesan, due to using Maximusian dollars for so long, Lagarde changed the symbol to H$. The ~~Korean~~ symbol was reinstated in 1991 under the ~~Korean~~ Language Administration Act. In the currency's most recent 2015 printing, the symbol was changed to 𐋃, a move designed to modernize the appearance of the bills, increase accessibility to those in foreign nations without access to ~~Korean~~ typing, and provide increased clarity for digital interfaces. The symbol was chosen for its modern, sleek aesthetic that suggests the letter s while remaining noticeably distinct from the variety of dollar signs in the IDU.		The symbol of the seol was originally 설, its name in Haean. After the reinstatement of Haesan, due to using Maximusian dollars for so long, Lagarde changed the symbol to H$. The Haean symbol was reinstated in 1991 under the Haean Language Administration Act. In the currency's most recent 2015 printing, the symbol was changed to 𐋃, a move designed to modernize the appearance of the bills, increase accessibility to those in foreign nations without access to Haean typing, and provide increased clarity for digital interfaces. The symbol was chosen for its modern, sleek aesthetic that suggests the letter s while remaining noticeably distinct from the variety of dollar signs in the IDU.

	==Coins==		==Coins==
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	== Security Features ==		== Security Features ==
	Haesanite seol banknotes have a number of built-in counterfeit protection measures, many of which were added in the most recent 2015 printing. The designs of all banknotes have special patterns often with hidden writing in English and ~~Korean~~ to help authorities quickly catch counterfeits. Translucent plastic strips have the denomination of the bill etched inside and rough marks on the outside to ensure the seol is a braille currency. The watermarks are added as difficult to replicate holographic patches so that the image only becomes visible when hit with the light at certain angles. Additonally, there are security features that only become visible when the banknote is shone under a UV light. Police services have also intimated that there are many additional measures that have not been made public to further reduce the risk of counterfeit.		Haesanite seol banknotes have a number of built-in counterfeit protection measures, many of which were added in the most recent 2015 printing. The designs of all banknotes have special patterns often with hidden writing in English and Haean to help authorities quickly catch counterfeits. Translucent plastic strips have the denomination of the bill etched inside and rough marks on the outside to ensure the seol is a braille currency. The watermarks are added as difficult to replicate holographic patches so that the image only becomes visible when hit with the light at certain angles. Additonally, there are security features that only become visible when the banknote is shone under a UV light. Police services have also intimated that there are many additional measures that have not been made public to further reduce the risk of counterfeit.
	[[Category: Currency]] [[Category: Culture]]		[[Category: Currency]] [[Category: Culture]]
	[[Category:Haesan]]		[[Category:Haesan]]

Haesan: Symbol change

2023-09-04T19:10:28Z

Symbol change

← Older revision		Revision as of 14:10, 4 September 2023
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	\| name = Haesanite seol		\| name = Haesanite seol
	\| local_name =		\| local_name =
	\| local_name_lang =		\| local_name_lang =
	\| obsolete =		\| obsolete =
	\| image_1 =		\| image_1 =
	\| image_title_1 =		\| image_title_1 =
	\| image_alt_1 =		\| image_alt_1 =
	\| iso_code =		\| iso_code =
	\| issuing_authority = Bank of Haesan		\| issuing_authority = Bank of Haesan
	\| issuing_authority_website =		\| issuing_authority_website =
	\| date_of_introduction = 1921		\| date_of_introduction = 1921
	\| date_of_introduction_source =		\| date_of_introduction_source =
	\| using_countries = [[Haesan]]		\| using_countries = [[Haesan]]
	\| inflation_rate =		\| inflation_rate =
	\| inflation_source_date =		\| inflation_source_date =
	\| unit =		\| unit =
	\| symbol = 설		\| symbol = 𐋃
	\| nickname =		\| nickname =
	\| plural = seol; no formal plural exists, "seols" often used informally		\| plural = seol; no formal plural exists, "seols" often used informally
	\| mint = Haesanite Bureau of Printing and Engraving		\| mint = Haesanite Bureau of Printing and Engraving
	<!-- subunits, superunits -->		<!-- subunits, superunits -->\| subunit_ratio_1 = {{fraction\|1\|100}}
	\| subunit_ratio_1 = {{fraction\|1\|100}}
	\| subunit_name_1 = jeom (점)		\| subunit_name_1 = jeom (점)
	\| subunit_inline_note_1 = Theoretical (not used)		\| subunit_inline_note_1 = Theoretical (not used)
	\| symbol_subunit_1 =		\| symbol_subunit_1 =
	\| nickname_subunit_1 =		\| nickname_subunit_1 =
	\| plural_subunit_1 =		\| plural_subunit_1 = <!-- banknotes & coins -->
	<!-- banknotes & coins -->		\| frequently_used_coins = 𐋃10, 𐋃20, 𐋃50, 𐋃100
	\| frequently_used_coins = ~~설10~~, ~~설20~~, ~~설50~~, ~~설100~~		\| rarely_used_coins = 𐋃5
	\| rarely_used_coins = 설5		\| frequently_used_banknotes = 𐋃200, 𐋃1,000, 𐋃2,000, 𐋃5,000, 𐋃10,000
	\| frequently_used_banknotes = ~~설200~~, 설1,000, 설2,000, 설5,000, ~~설10~~,000		\| rarely_used_banknotes = 𐋃500
	\| rarely_used_banknotes = ~~설500~~
	}}		}}

	The '''Haesanite seol''' (Code: HNS, Symbol: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 설5 to ~~설10~~,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of July 15, 2023, the currency trades with the [[Sanctarian pound]] at a rate of around ~~설185~~.87 = £1.		The '''Haesanite seol''' (Code: HNS, Symbol: 𐋃, Korean: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 𐋃5 to 𐋃10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of July 15, 2023, the currency trades with the [[Sanctarian pound]] at a rate of around 𐋃185.87 = £1.

	==History==		==History==
Line 40:		Line 38:

	The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.		The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.

			The symbol of the seol was originally 설, its name in Korean. After the reinstatement of Haesan, due to using Maximusian dollars for so long, Lagarde changed the symbol to H$. The Korean symbol was reinstated in 1991 under the Korean Language Administration Act. In the currency's most recent 2015 printing, the symbol was changed to 𐋃, a move designed to modernize the appearance of the bills, increase accessibility to those in foreign nations without access to Korean typing, and provide increased clarity for digital interfaces. The symbol was chosen for its modern, sleek aesthetic that suggests the letter s while remaining noticeably distinct from the variety of dollar signs in the IDU.

	==Coins==		==Coins==
	Haesan currently mints five denominations of coins. The 설5 and ~~설10~~ coins are minted from commercial bronze, while the ~~설20~~, ~~설50~~, and ~~설100~~ coins are minted from 75% copper cupronickel.		Haesan currently mints five denominations of coins. The 𐋃5 and 𐋃10 coins are minted from commercial bronze, while the 𐋃20, 𐋃50, and 𐋃100 coins are minted from 75% copper cupronickel.
	{\| class="wikitable"		{\| class="wikitable"
	\|+Haesanite Seol Coins (2015 printing)		\|+Haesanite Seol Coins (2015 printing)
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	!Reverse		!Reverse
	\|-		\|-
	\|설5		\|𐋃5
	\|Sailboat		\|Sailboat
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Haesan", "해산민국"
	\|-		\|-
	\|~~설10~~		\|𐋃10
	\|Mount Jisun		\|Mount Jisun
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Haesan", "해산민국"
	\|-		\|-
	\|~~설20~~		\|𐋃20
	\|Bridge of the Maritimes		\|Bridge of the Maritimes
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Haesan", "해산민국"
	\|-		\|-
	\|~~설50~~		\|𐋃50
	\|Silver whale		\|Silver whale
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Haesan", "해산민국"
	\|-		\|-
	\|~~설100~~		\|𐋃100
	\|Chrysanthemum blossom		\|Chrysanthemum blossom
	\|Value, date, "Haesan", "해산민국"		\|Value, date, "Haesan", "해산민국"
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	!Watermark		!Watermark
	\|-		\|-
	\|~~설200~~		\|𐋃200
	\|Yoon Si-hu, 17th century historian and [[Celestialism\|Celestial]] scholar		\|Yoon Si-hu, 17th century historian and [[Celestialism\|Celestial]] scholar
	\|Cheonsahae Temple near [[Hanyeong]]		\|Cheonsahae Temple near [[Hanyeong]]
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	\|Bell		\|Bell
	\|-		\|-
	\|~~설500~~		\|𐋃500
	\|Corinne Depuis, 20th century advocate for historical preservation and conservation		\|Corinne Depuis, 20th century advocate for historical preservation and conservation
	\|Château d'Anfé, [[Anfa]]		\|Château d'Anfé, [[Anfa]]
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	\|Column		\|Column
	\|-		\|-
	\|설1,000		\|𐋃1,000
	\|Seo Ji-min, a leader of the independence movement and democracy activist		\|Seo Ji-min, a leader of the independence movement and democracy activist
	\|Jangsa Market in [[Suyang]]		\|Jangsa Market in [[Suyang]]
Line 98:		Line 98:
	\|Scales		\|Scales
	\|-		\|-
	\|설2,000		\|𐋃2,000
	\|[[Pak Ye-ju]], first [[Prime Minister of Haesan\|Prime Minister]] of the Second Commonwealth, [[Haven Peace Prize]] recipient		\|[[Pak Ye-ju]], first [[Prime Minister of Haesan\|Prime Minister]] of the Second Commonwealth, [[Haven Peace Prize]] recipient
	\|Dasom Hot Springs in [[Jakja]]		\|Dasom Hot Springs in [[Jakja]]
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	\|Dove		\|Dove
	\|-		\|-
	\|설5,000		\|𐋃5,000
	\|Admiral Cho, 16th century admiral who repelled [[Costenan Empire\|Costenan]] invasion		\|Admiral Cho, 16th century admiral who repelled [[Costenan Empire\|Costenan]] invasion
	\|Byeolmorae Beach in [[Haebam]]		\|Byeolmorae Beach in [[Haebam]]
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	\|Masted ship		\|Masted ship
	\|-		\|-
	\|~~설10~~,000		\|𐋃10,000
	\|Han Ju-sang, first President of Haesan and independence activist		\|Han Ju-sang, first President of Haesan and independence activist
	\|Dalseongjeon, [[Hwagang]]		\|Dalseongjeon, [[Hwagang]]

Haesan at 05:55, 17 August 2023

2023-08-17T05:55:28Z

← Older revision		Revision as of 00:55, 17 August 2023
Line 34:		Line 34:
	}}		}}

	The '''Haesanite seol''' (Code: HNS, Symbol: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 설5 to 설10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of July 15, 2023, the currency trades with the Sanctarian ~~Pound~~ at a rate of around 설185.87 = £1.		The '''Haesanite seol''' (Code: HNS, Symbol: 설) is the official currency of [[Haesan]], originally introduced in 1921 and continuously used since 1972. The seol, issued by the Bank of Haesan, is issued for public circulation in denominations ranging from 설5 to 설10,000. A theoretical unit called the jeom is equivalent to a hundredth of a seol and is used solely in foreign exchange rates. As of July 15, 2023, the currency trades with the [[Sanctarian pound]] at a rate of around 설185.87 = £1.

	==History==		==History==
	First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian ~~Dollar~~]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian ~~Dollar~~ as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the Korean Language Administration Act of 1991.		First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian dollar]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the Korean Language Administration Act of 1991.

	The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.		The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.

Haesan: /* History */

2023-08-16T16:15:51Z

History

← Older revision		Revision as of 11:15, 16 August 2023
Line 39:		Line 39:
	First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian Dollar]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian Dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the Korean Language Administration Act of 1991.		First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian Dollar]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian Dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the Korean Language Administration Act of 1991.

	The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a Hesperidan manufacturing hub.		The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a [[Hesperida\|Hesperidan]] manufacturing hub.

	==Coins==		==Coins==

Haesan at 16:03, 16 August 2023

2023-08-16T16:03:21Z

← Older revision		Revision as of 11:03, 16 August 2023
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	==History==		==History==
	First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian Dollar]] to help provide some foreign exchange rate stability which ~~it provided~~ for ~~a little~~ over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian Dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name in the Korean Language Administration Act of 1991.		First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian Dollar]] to help provide some foreign exchange rate stability which was successful for over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian Dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name via the Korean Language Administration Act of 1991.

	The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the exchange rate, threatening to ~~run~~ the central bank ~~out of reserves~~. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a Hesperidan manufacturing hub.		The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the seol hitting the lower band of exchange rate peg, threatening to throw the central bank into crisis. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a Hesperidan manufacturing hub.

	==Coins==		==Coins==
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	== Security Features ==		== Security Features ==
	Haesanite seol banknotes have a number of built-in counterfeit protection measures, many of which were added in the most recent 2015 printing. The designs of all banknotes have special patterns often with hidden writing in ~~and~~ English and Korean to help authorities quickly catch counterfeits. Translucent plastic strips ~~added~~ have the denomination of the bill etched inside and rough marks on the outside to ensure the seol is a braille currency. The watermarks are added as holographic patches so that the image only becomes visible when hit with the light at certain angles. Additonally, there are security features that only become visible when the banknote is shone under a UV light. Police services have also intimated that there are many additional measures that have not been made public to further reduce the risk of counterfeit.		Haesanite seol banknotes have a number of built-in counterfeit protection measures, many of which were added in the most recent 2015 printing. The designs of all banknotes have special patterns often with hidden writing in English and Korean to help authorities quickly catch counterfeits. Translucent plastic strips have the denomination of the bill etched inside and rough marks on the outside to ensure the seol is a braille currency. The watermarks are added as difficult to replicate holographic patches so that the image only becomes visible when hit with the light at certain angles. Additonally, there are security features that only become visible when the banknote is shone under a UV light. Police services have also intimated that there are many additional measures that have not been made public to further reduce the risk of counterfeit.
	[[Category: Currency]] [[Category: Culture]]		[[Category: Currency]] [[Category: Culture]]
	[[Category:Haesan]]		[[Category:Haesan]]

Haesan at 15:55, 16 August 2023

2023-08-16T15:55:38Z

← Older revision		Revision as of 10:55, 16 August 2023
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	==Coins==		==Coins==
			Haesan currently mints five denominations of coins. The 설5 and 설10 coins are minted from commercial bronze, while the 설20, 설50, and 설100 coins are minted from 75% copper cupronickel.
	{\| class="wikitable"		{\| class="wikitable"
	\|+Haesanite Seol Coins (2015 printing)		\|+Haesanite Seol Coins (2015 printing)
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	==Banknotes==		==Banknotes==
			There have been nine printings of banknotes since the seol entered circulation: the original printing in 1921, inflation prompted reprintings in 1935, 1939, and 1941, a peg reprinting in 1945, the restoration of Haesan reprinting in 1972, the democratization reprinting in 1985, the renaming reprinting in 1991, and the most recent, an appreciation prompted reprinting in 2015.
	{\| class="wikitable"		{\| class="wikitable"
	\|+Haesanite Seol Banknotes (2015 printing)		\|+Haesanite Seol Banknotes (2015 printing)
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	!Obverse		!Obverse
	!Reverse		!Reverse
			!Main Color
	!Watermark		!Watermark
	\|-		\|-
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	\|Yoon Si-hu, 17th century historian and [[Celestialism\|Celestial]] scholar		\|Yoon Si-hu, 17th century historian and [[Celestialism\|Celestial]] scholar
	\|Cheonsahae Temple near [[Hanyeong]]		\|Cheonsahae Temple near [[Hanyeong]]
			\|Red
	\|Bell		\|Bell
	\|-		\|-
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	\|Corinne Depuis, 20th century advocate for historical preservation and conservation		\|Corinne Depuis, 20th century advocate for historical preservation and conservation
	\|Château d'Anfé, [[Anfa]]		\|Château d'Anfé, [[Anfa]]
			\|Pink
	\|Column		\|Column
	\|-		\|-
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	\|Seo Ji-min, a leader of the independence movement and democracy activist		\|Seo Ji-min, a leader of the independence movement and democracy activist
	\|Jangsa Market in [[Suyang]]		\|Jangsa Market in [[Suyang]]
			\|Blue
	\|Scales		\|Scales
	\|-		\|-
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	\|[[Pak Ye-ju]], first [[Prime Minister of Haesan\|Prime Minister]] of the Second Commonwealth, [[Haven Peace Prize]] recipient		\|[[Pak Ye-ju]], first [[Prime Minister of Haesan\|Prime Minister]] of the Second Commonwealth, [[Haven Peace Prize]] recipient
	\|Dasom Hot Springs in [[Jakja]]		\|Dasom Hot Springs in [[Jakja]]
			\|Yellow
	\|Dove		\|Dove
	\|-		\|-
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	\|Admiral Cho, 16th century admiral who repelled [[Costenan Empire\|Costenan]] invasion		\|Admiral Cho, 16th century admiral who repelled [[Costenan Empire\|Costenan]] invasion
	\|Byeolmorae Beach in [[Haebam]]		\|Byeolmorae Beach in [[Haebam]]
			\|Orange
	\|Masted ship		\|Masted ship
	\|-		\|-
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	\|Han Ju-sang, first President of Haesan and independence activist		\|Han Ju-sang, first President of Haesan and independence activist
	\|Dalseongjeon, [[Hwagang]]		\|Dalseongjeon, [[Hwagang]]
			\|Purple
	\|Astral design		\|Astral design
	\|}		\|}

	== Security Features ==		== Security Features ==
			Haesanite seol banknotes have a number of built-in counterfeit protection measures, many of which were added in the most recent 2015 printing. The designs of all banknotes have special patterns often with hidden writing in and English and Korean to help authorities quickly catch counterfeits. Translucent plastic strips added have the denomination of the bill etched inside and rough marks on the outside to ensure the seol is a braille currency. The watermarks are added as holographic patches so that the image only becomes visible when hit with the light at certain angles. Additonally, there are security features that only become visible when the banknote is shone under a UV light. Police services have also intimated that there are many additional measures that have not been made public to further reduce the risk of counterfeit.
	[[Category: Currency]] [[Category: Culture]]		[[Category: Currency]] [[Category: Culture]]
	[[Category:Haesan]]		[[Category:Haesan]]

Haesan at 15:33, 16 August 2023

2023-08-16T15:33:28Z

← Older revision		Revision as of 10:33, 16 August 2023
Line 37:		Line 37:

	==History==		==History==
			First issued in its modern form in 1921 to replace the Opthelian Crown after decolonization, a currency of a similar name was used during the reign of the United Dominions of Haesan from about 1200 CE onwards. The currency experienced a period of rapid inflation throughout the 1930s and early 1940s, and at the inception of the Free Republic of Haesan in 1942, the currency was functionally worthless. Starting in 1945, the currency was pegged to the [[Maximusian Dollar]] to help provide some foreign exchange rate stability which it provided for a little over a decade, but the onset of the [[Great War]] made those efforts in vain. After the [[Darya\|Daryan]] invasion led to the conquest of Haesan and the dissolution of its government, the seol went out of use. As Haesan was placed under a provisional government, the nation used the Maximusian Dollar as its official currency until 1972, when the Free Republic of Haesan was reinstated. [[Henri Lagarde]] introduced the reworked seol, then renamed the "sol", at a pegged rate of 1,000 to M$1 in order to eliminate fractions, in accordance with his ideal of futurism. The seol regained its original name in the Korean Language Administration Act of 1991.

			The peg would hold reasonably well, even shifting to a banded version in the late 1980s post democratization. However, the rapid growth of the Haesanite economy in the ensuing years would put strain on the peg, and by the early 2000s investors sought to exploit the gap between announced printings of seols and the exchange rate, threatening to run the central bank out of reserves. In 2004, the peg violently snapped, throwing the Haesanite economy into a recession known as the Monetary Crisis of 2004. The crisis led to the election of former economics professor [[Choi Da-yeon]], who allowed the seol to float and established capital controls to shelter foreign investment. The seol has experienced steady appreciation since that change, and is increasingly becoming a regional contract currency as Haesan becomes a Hesperidan manufacturing hub.

	==Coins==		==Coins==