Koku

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== History ==
== History ==
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The ''Koku'' was originally used as a measurement unit of rice and one ''Koku'' was a large unit used to measure the annual required consumption of one person. Back in these times a form of scrip was used as the main type of currency and was not standardised from region to region and one scrip tendered somewhere wasn't certain to be redeemable elsewhere. This unregulated situation was exploited by trade cartels frequently and binded many labourers to indenture. The [[Hanayakav]] passed various laws which aimed to standardise the monetary system of Kamura and alleviating economic conditions for the lower classes. The Hanayakav's standard issue scrip was pegged with the name ''Koku'' because of the relative ease with which one could buy plentiful rice. Regrettably for the Hanayakav the new system did not save them from falling from power in the [[Kamuran Revolution]] due in part to many lingering social issues.
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The ''Koku'' was originally used as a measurement unit of rice and one ''Koku'' was a large unit used to measure the annual required consumption of one person. Back in these times a form of scrip was used as the main type of currency and was not standardised from region to region and one scrip tendered somewhere wasn't certain to be redeemable elsewhere. This unregulated situation was exploited by trade cartels frequently and binded many labourers to indenture. The [[Hanayaka]] passed various laws which aimed to standardise the monetary system of Kamura and alleviating economic conditions for the lower classes. The Hanayaka's standard issue scrip was pegged with the name ''Koku'' because of the relative ease with which one could buy plentiful rice. Regrettably for the Hanayaka the new system did not save them from falling from power in the [[Kamuran Revolution]] due in part to many lingering social issues.
== Currency ==
== Currency ==

Latest revision as of 02:18, 14 February 2020

The Koku is the national currency of Kamura.

Koku
Koku

File:XXX
Nationality Kamura
Currency symbol
Sub-units Shaku, Masu
Coins 1,2,5 (subunits only)
Banknotes 1,2,5,10,20,50,100 (Koku only)
Backing Gold
Central bank Imperial Bank of Kamura


History

The Koku was originally used as a measurement unit of rice and one Koku was a large unit used to measure the annual required consumption of one person. Back in these times a form of scrip was used as the main type of currency and was not standardised from region to region and one scrip tendered somewhere wasn't certain to be redeemable elsewhere. This unregulated situation was exploited by trade cartels frequently and binded many labourers to indenture. The Hanayaka passed various laws which aimed to standardise the monetary system of Kamura and alleviating economic conditions for the lower classes. The Hanayaka's standard issue scrip was pegged with the name Koku because of the relative ease with which one could buy plentiful rice. Regrettably for the Hanayaka the new system did not save them from falling from power in the Kamuran Revolution due in part to many lingering social issues.

Currency

The new Khatunate following the Revolution began the process of rolling out a fully regulated currency for legal tender across the Empire using the model adopted in Yan. This model broke the primary unit of tender down into various sub units to allow for various sizes of transactions. The Koku was the name given to the largest unit of currency, and broken into 10 Shaku and 100 Masu. These sub-units were also named after the corresponding old rice measurements.

The Koku today is pegged to the Gold Standard () like most currencies used on the international market. It is commonly used beyond Kamura in areas of Davai, Altaia, and Raia as a trusted and relatively stable form of currency. Many of these areas however have unregulated economies still based on barter systems which raises the issue of having to combat inflation if these notes were to re-enter the regulated cash flow. Hence, the Imperial Bank of Kamura regularly reissues new notes to replace old ones which are taken off tender and destroyed where possible.

Legal Issues

Demand for the currency has led to countless attempts at creating forged Koku notes by criminal elements and this has motivated the Imperial Bank to develop various security fail-safes on newer notes to enable one to spot legal tender from the forgeries. These fail-safes include use of watermarks, geometric patterning, intaglio printing and micro-printing to name a few.

The Kamuran legal system also has a host of harsh punitive punishments for counterfeiters of state currency just as they do for smugglers. Those judged to be guilty offenders risk death by beheading.

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