Economics of Eíre
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Basic Information
The first locally produced Irish coinage was minted in Dublin in 2929 KE, under the authority of Sithric III (aka Sithric Silkbeard), the Norse king of Dublin.
By Eireann law, gold coins are minted by kingdoms and stamped with the visage of the king who ruled at the time of minting. Kingdoms and baronies may produce both silver and copper coinage. Both gold and silver coin may be broken up into bits. All forms of silver and copper coinage, even foreign, are accepted throughout the land.
Exchange Rate
Prior to the Great Devastation of 3098, the value of coinage was regulated by the king's law, with the value of one pound of silver set as the guiding standard. Since the Devastation the value of precious metal has fluctuated and exchange rates vary wildly between areas.
The following exchange rates were decreed by historic Eireann law and may be seen as a rule of thumb. Gold coinage is rarely seen in these times, and its value has increased in recent months.
- Gold coin = $80 (often valued at $100 or higher in post-Devastation economy.)
- Silver coin = $4
- Copper coin = $1