Mouzeliot Drachma

Drachma
Δραχμή
Drachma symbol
In circulation since	December 2016 current series
ISO 4217
Code	MZD
Denominations
Symbol	Δρχ., Δρ. or ₯
Banknotes	Vouchers of 100, 200, 1000, 2000 provisionally
Coins	1, 2, 10, 20
Demographics
User(s)	Mouzilo All Themes, Hagiopolis
Issuance
Central bank	Imperial Bank of Mouzilo
Mint	Bank of Greece
Printer	Imperial Bank of Mouzilo
Valuation
Inflation	0% (Apr 2024)
€=	66.6 Δρχ.

Mouzeliot Drachma, commonly referred to simply as Drachma (Greek: δραχμή [ðraxˈmi] pl. drachmae or drachmas) was one of the currencies used in Mouzilo. It was the second-widest currency in circulation, after Euro, and it was the only currency provided by the Imperial Bank of Mouzilo. It served as the national currency of Mouzilo.

It was discontinued in favour of the Roman Solidus in mid-May 2022.

History

Mouzilo faced the question of a national currency on the early days of its existence, in mid-2012. Early concept design of banknotes emerged and several exhange rates had been proposed. However, due to political instability the initial plans delayed and the subsequent adaptation of World Union's InterSol in October 2012, postponed any further planning. Mouzilo's adaptation of InterSol only lasted for half a year until April 2013, when the currency was given up for several reasons, including the complex calculation of its value based on the price of several precious metals, and the gradual fall of the World Union and ultimately its succession by the Association of Prolific Micronations. During Mouzilo's membership of APM, the country formed a political alliance with Mahuset, further delaying the creation of a national currency. After the disestablishment of that alliance, Mouzilo joined Hasanistan, and later the District of Cleveland, to form Kekropia. Kekropia soon began planning for its own state-wide currency and as a result all national currencies would be abolished. As Mouzilo still had no national currency, the measure found no obstacles. With the collapse of Kekropia, Mouzilo restarted planning for a national currency, finally giving birth to the Drachma, which was modelled after the former currency of both Ancient Athens and Modern Greece. The exchange rate was fixed to that of the Greek Drachma before Greece's adaptation of the Euro, namely 1 Euro for 340.75 GRD/MZD.

MZD Exchange rate ₯
MZD	EUR	ADN
1	0.015	0.576
66.66	1	38.46
1.731	0.026	1

Mouzilo joined Ashukovo in late 2013 and consequently adopted the Ashukov Denar as the new national currency. As a result, the Drachma stopped being in circulation and was replaced by the Denar. At the time of the replacement, the exchange rate was 1Ѥ=574.82₯=1.69€. Mouzilo continued using the Denar even after Ashukovo's disestablishment as a transitional currency. For a period longer than that of a year, all of Mouzilo's financial activities were done in the Denar, therefore the state needed time in order to readjust to the new financial reality, while simultaneously having to face the ongoing financial crisis in surrounding Greece.

Finally the Drachma was reintroduced in the last week of December 2016, however at a new exchange rate (1₯=0.015€) and accompanied by several provisional measures, such as the usage of two different series of old Greek Drachma coins. This measure has caused slight inconvenience to the public, as 2 different coins of 1₯, for example, are in circulation, with the color of the metal they're made of ultimately defining their worth (copper 1 GRD coins are worth 1 MZD, whereas golden 1 GRD coins are worth 10 MZD).

Coins

In current usage

The following coins are currently used provisionally since the state is unable to mint coins. The 2016 series consist of the 1 and 2 Greek drachma coins of the 1988 and 1976 series. They feature traditional Greek weapons and Greek independence revoutionaries.

2016 Provisional Series

Image		Value	Design
Obverse	Reverse		Obverse	Reverse
		1₯	Greek corvette	Laskarina Bouboulina
		2₯	Anchor, cannon and steering wheel	Manto Mavrogenous
		10₯	Greek corvette	Constantine Kanaris
		20₯	Muskets, olive branch	Georgios Karaiskakis

Concept series

In the case of ability to mint coins, the Mouzeliot state has prepared several conceptual designs. Current planning has adopted the following designs:

2017 Concept series

Image		Value	Design
Obverse	Reverse		Obverse	Reverse
		1₯	"ΔΡΑΧΜΗ MIA", number 1, olive branch	"ΠΟΛΙΤΕΙΑ ΜΟΥΖΗΛΟΥ * ,ΒΙΖ'" * , Double-headed eagle
		2₯	"ΔΡΑΧΜΑΙ ΔΥΟ", number 2, olive branch	"ΠΟΛΙΤΕΙΑ ΜΟΥΖΗΛΟΥ * ,ΒΙΖ'" * , Double-headed eagle
		5₯	"ΔΡΑΧΜΑΙ 5", oak wreath	Markos Botsaris
		10₯	"10 ΔΡΑΧΜΑΙ", meander	"ΠΟΛΙΤΕΙΑ ΜΟΥΖΗΛΟΥ * ,ΒΙΖ'" * , Mouzilo Cathedral
		20₯	"20 ΔΡΑΧΜΑΙ", meander	"ΠΟΛΙΤΕΙΑ ΜΟΥΖΗΛΟΥ * ,ΒΙΖ'" * , hand holding torch

* ,ΒΙΖ' is the Greek numeral for 2012.

References

• List of micronations by official currency