Alvak Mark

The Alvakische Mark (Teutonic: [ˈdɔʏtʃə ˈmaɐ̯k], "Alvak mark"), abbreviated "AVM", and symbolized as ℳ, is the official currency of Alvakalia since its establishment as Teuton Alvaland in 1853. It was first issued in Alvaland under Teutonic rule in 1852 as the Goldmark. In Anglic, it is commonly called the "Alvamark"; although this expression is unknown in Alvakalia. Alvaks usually call it the A-Mark when referring to the currency, and Mark when talking about individual sums.

One Alvakische Mark is divided into 100 Pfennige.

In Teutonia
A mark had been the currency of Teutonia since its original unification in 18xx. Before that time, the different Teutonic states issued a variety of different currencies, though most were linked to the Vereinsthaler, a silver coin containing ​16 2⁄3 grams of pure silver. Although the mark was based on gold rather than silver, a fixed exchange rate between the Vereinsthaler and the mark of 3 marks = 1 Vereinsthaler was used for the conversion.

Post-unification (18xx-1925)
The first mark, known as the Goldmark, was introduced in 18xx. With the outbreak of the Grand Campaigns, the mark was taken off the gold standard. The currency thus became known as the Papiermark, especially as high inflation, then hyperinflation occurred and the currency became exclusively made up of paper money. The Papiermark was replaced by the Reichsmark (ℛℳ) in 1924. These changes were applied in Teutonia and its colonies.

Interwar era
As Teutonia fell to communist insurrection, its colonies of Neustrien and Alvaland were left floating in uncertainty. Neustrien was incorporated into the Akitei Confederation as the Imperial Akitei Protectorate of Shimakawa, and from then on would use the Akitei Imperial Kia as its currency. Alvaland had gained independence in 1920 with the successful passing of the Patriation Act but kept close ties with Teutonia until its downfall in 1925.

With the successful defence of Alvakalia, the Reichsmark stayed as the currency of the country until the currency reforms of 1981.

Currency Reforms of 1981
The Alvakische Mark was officially introduced on Saturday, June 20, 1981, by Dimosthenis Andrelis. The old Reichsmark was exchanged for the new currency at a rate of ℳ 1 = ℛℳ 1 for the essential currency such as wages, payment of rents etc., and ℳ 1 = ℛℳ 10 for the remainder in private non-bank credit balances, with half frozen. Large amounts were exchanged for ℛℳ 10 to 65 Pfennig (symbolized as ₰). In addition, each person received a per capita allowance of ℳ 60 in two parts, the first being ℳ 40 and the second ℳ 20.

The introduction of the new currency was intended to protect Alvakalia from an anticipated second wave of inflation, the first of which had occurred only years before with the Yindong Crises.