Draft:Sheeplandic Pound

Sheeplandic Pound
Sheeplandic Pound
	One Sheeplandic Pound sample image
Denominations
Subunit
1/100	Sheeplandic cent
Plural	Sheeplandic Pounds
Sheeplandic cent	Sheeplandic cents
Symbol	SP
Sheeplandic cent	SC
Nickname	Sheep Quid, Pound
Sheeplandic cent	Cent
Banknotes
Freq. used	SP1
Rarely used	SP2, SP5, SP10, SP20, SP50 (Doesn't exist yet);
Coins
Freq. used	No coins minted yet
Rarely used	SC5, SC10, SC25, SC50, SP1, SP2 SP5 (Doesn't exist yet)
Demographics
Date of introduction	11 July 2023
User(s)	-Republic of Sheepland
Issuance
Central bank	Central Bank of Sheepland
Website	https://sites.google.com/view/sheeplandrepublic/bank
Valuation
Inflation	0%
Source	Central Bank of Sheepland, 2023 est.

Submission declined.

On it's way to get published, but still has a lot of very short sections that need expanding right now. Also consider making the exchange rates a table.

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The reviewer(s) who declined this submission will be listed in the page history. Last edited by AtomCZ 2 months ago. Reviewer: Inform author.

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The Sheeplandic Pound is the national currency of the Republic of Sheepland. It was created on May 22nd, 2023 before the micronation of Sheepland was founded. It was originally intended as a sales tax evasion idea for a hypothetical small farm, but it was decided it should become the national currency of Sheepland instead. It uses the Gold Standard and is currently tied at 50 Sheeplandic Pounds per gram of Gold.

Etymology

The origin of the name "Sheeplandic Pound" came from one of the demonyms for Sheepland "Sheeplandic" (Inspired by Icelandic) and the British Pound Sterling. Naming it after the British Pound instead of another currency like the dollar was done because the value of the Sheeplandic Pound was very similar to the value of the British Pound at the time of its creation.

Units

The sub unit of the Sheeplandic Pound is the Sheeplandic Cent. 100 Sheeplandic Cents are worth a Sheeplandic Pound.

History

The first design of the Sheeplandic Pound was created on May 22nd, 2023, which was 51 days before the micronation of Sheepland was founded. It was originally intended as a sales tax evasion scheme for a hypothetical small farm, but it was decided that it would become the currency of Sheepland instead.

Coins

No coins have been minted yet.

Banknotes

There have been no banknotes printed yet and the One Sheeplandic Pound note is the only banknote with a design.

Value

The Sheeplandic pound uses the Gold Standard. It is pegged at 50 Sheeplandic Pounds per gram of Gold. To calculate the exchange rate from another currency, find the current gold price per gram and divide it by 50. To calculate the exchange rate to another currency, divide 50 by the current gold price per gram. The Sheeplandic pound can be exchanged back to another currency at a 10% fee, but it can not be exchanged directly to gold as that could become an exploit for getting gold at spot price.

Exchange rates

Click here for exchange rates updated daily

As of 13 September 2023 at Gold price of 62.37 USD per gram:

1 Sheeplandic pound = ~1.23 USD     1 USD = ~0.81 Sheeplandic Pounds

1 Sheeplandic pound = ~1.15 EUR     1 EUR = ~0.87 Sheeplandic Pounds

1 Sheeplandic pound = ~0.99 GBP     1 GBP = ~1.01 Sheeplandic Pounds

1 Sheeplandic pound = ~1.54 Valora  1 Valora = ~0.65 Sheeplandic pounds

Legal status

The Sheeplandic Pound has legal validity in and is the national currency in the Republic of Sheepland.

External links

Central Bank of Sheepland (Issuing authority)

References