East Ramayan Austral

The East Ramayan Austral (Eastern Ramayan Standard: Austral Ramay Timur) was the of East Ramay between 1926 and 1981. It was first issued by the East Ramay Monetary Authority, who issued banknotes and coinage between 1926 and 1929, before the Central Bank of East Ramay was established. It was a currency fixated on the  and, where 1 Austral equaled exactly 11.067675 g of  with the value of Australs in silver altered periodically by the reserve bank. The Austral was subdidivded into 12 Rupiahs, which was again divided into 16 Perak, with each Perak finally being subdivided into 4 Keping. The abrupt transtion between the Austral and the abolition of currency meant that old Austral notes are deemed instantly worthless by the new South Kesh authorities, meaning they could not be replaced with the current currency the Rupiah.

The unit of the Austral were based on traditional currency units already in widespread use or in practice before the colonization of the area. Under the Samot-Seratofian Empire, Eastern Ramay used the Eastern Ramay Krone pegged to the Samot-Seratofian Krone on par, which significantly differed from the units based on the traditional currency systems. Economists tied the two systems and currencies together using the value of gold and initially other precious metals but decided to rely on gold and silver.

Initially, the Austral was concieved by four prominent economists who were tasked by authorities to create and design an economic and currency system for the newly independent colony of Eastern Ramay in 1295. As per the treaty of Holmgard, the currency designed by these economists would take effect one year after the declaration of independence from the SSE. A currency board was promulgated and created by the crown alliance, and served as the de-facto regulating authority in East Ramay when it comes to fiscal and monetary policy. This currency board was responsible for the maintaining of the gold standard as well as the printing and distribution of banknotes and coins throughout the country. In an effort to further stabilize and assure adequate foundations for a booming and largening economy, the currency board was formally abolished on the 17th of June 1929 upon the creation of the Reserve Bank of East Ramay two months prior to that date.

In 1981, a violent revolution which led to the foundation of Democratic Ramay took place, abolishing all forms of material and immaterial currency from the country. Between 1981 and 1986, Democratic Ramay operated as a cashless society. After the takeover by Yafan generals in 1986 and the formation of the Union of South Kesh, a new currency was introduced which was not based on the Austral and was already decimalized. Old Austral notes are not eligible to be exchanged in any manner in the new state.

History
The Eastern Ramayan krone was the currency of the colony of Eastern Ramay since 1879, and served as the national currency of East Ramay between 1925 and 1926. It was in practice a form of the Samot-Seratofian krone with little to no fiscal independence vested in the Overseas Bank of Samot-Seratof and the currency board of East Ramay formed by the treaty of Holmgard. The one-year grace period was given by the crown alliance for East Ramayan economists and politicians to work out a currency system for the country, and to give enough time to explore all possible ventures and outcomes for the fledgeling country.

In June of 1926, the East Ramayan Currency Board announced the East Ramayan Austral publicly, and gave a set date at the 14th of November 1926 for the switch from the krone to the austral. The new austral would equal 24 krones, and previous subdivisions of the krone would be incorporated into the austral to prevent confusion and give the new currency a n easier time to root into the population. Posters, signs, and radio broadcasts were aired to educate the general public about the currency switch. Banks and shops were preapring for the switch by retraining all their employees and shoppers about the new denominations of currency as well as familiarizing the designs of the new currency to avoid mass confusion on the date of conversion.

Subdivision and other units
The Austral was officially subdivided into 12 rupiahs, and each rupiah being divided into 16 peraks. Each perak was subdivided into 4 kepings, making either 192 peraks per Austral or 768 kepings per Austral. The symbol for the Austral was a crossed A (₳), while the symbols for the rupiah, perak, and kepings are r, p, and k respectively. There were numerous ways to write mixed amounts of currency, such as 5 Rupiah and 8 perak could be written as either 5/8.-, 5/8, or 5r 8k, with the formost being the most common way to write down prices in East Ramay. A common convention was to split the rupiah and the perak with a slash (/) and the perak and keping with a straight line (|) or dot (.) with the dot being more common. If all four units are present, the most common way to write the units is to put the Austral symbol and separate the main unit from the rest using a dash (-), for example ₳3-4/5.2.

Banknotes
In its 55 years of existence, a total of 5 banknote series have been released by both the currency board and the central bank.

First series
The first series of banknotes was released on the 14th of November 1926 with the denominations of 3r (¼₳), 6r (½₳), 1₳, and 2½₳. They were the only series issued by the East Ramayan Currency Board. {| class="wikitable" ! rowspan="2"| Value ! rowspan="2"| Dimensions ! rowspan="2"| Main color ! colspan="3"| Description ! colspan="2"| Date of ! Obverse ! Reverse ! Watermark ! First issued ! Withdrawal ! 3r (¼ ₳) ! 6r (½ ₳) ! 1 ₳ ! 2½ ₳ (2 ₳-6/-.)
 * + Banknotes of the first series
 * 121 x 60 mm
 * Red
 * Beach with palms, denomination, crest
 * Mount Tandur, denomination
 * Crest
 * 14th November 1926
 * 132 x 65 mm
 * Yellow
 * Cliffs, mountainside, denomination, crest
 * Sragen island, denomination
 * Crest
 * 14th November 1926
 * 143 x 70 mm
 * Brown
 * Plantations, wharfs, denomination, crest
 * Presidential palace, denomination
 * Crest
 * 14th November 1926
 * 154 x 75 mm
 * Green
 * Coffee farms, city, denomination, crest
 * Presidential palace, denomination
 * Crest
 * 14th November 1926