User:Horton11/Adoha Shilling

The Adoha Shilling was a currency issued by the Adoha Republic in 2010 and 2011. The currency circulated heavily, but mass inflation led to its abandonment in favor of the US dollar.

Coins
Coins of 1, 2 and 5 shillings were made as patterns in zinc (all) and copper (1), .500 silver (2) and .533 gold (5). None were ever issued, due to the higher cost and heavy inflation.

Series 1
The first series consisted of 10, 20, 50 and 100 Shilling notes. These notes circulated from May 2010 onwards. The 10 Shilling note was retired by August due to inflation, and the 20 and 50 followed suit in October.

Series 2
The Series 2 was issued in October 2010. Notes consisted of 100, 1000, 5000 and 20,000 Shillings. A 10000S note was printed, but they were never issued. Most of these notes became worthless by early March 2011, which precipitated the need to issue a new series.

Series 3
The Series 3 used the 20000S note of the previous issue, and new 50000 and 100,000 notes. These were rendered worthless soonafter.

Series 4
Series 4 was introduced (in June) with 200,000, 500,000 and 1 million Shillings; the 100,000 note of the previous issue still circulated. This currency was fairly stable until the start of the Lovian Civil War; the violence and state of emergency caused it to depreciate heavily vs. the US dollar. 1 and 5 million S notes were quickly introduced, and 20 and 50 shilling notes were overstamped and reissued as 20 and 50 million Shillings. The highest note issued was the 100,000 million Shilling (100bn) bill. The Adohan authorities stopped printing the notes on November 15. At its retirement, that note was approximately worth US$ 1.34.

Exchange rate
The Adohan Shilling tended to inflate rapidly and was thus very unstable.


 * June 1, 2010: 9.75 S/US$
 * August 2010: 28.4 S/US$
 * September 2, 2010: 395.6 S/US$
 * October 12, 2010:1,195 S/US$
 * December 1, 2010: 2,756 S/US$
 * February 12, 2011: 10,273 S/US$
 * March 15, 2011: 36,144 S/US$
 * May 15, 2011: 88,292 S/US$
 * July 1, 2011: 134,906 S/US$
 * October 5, 2011: 663,270 S/US$
 * October 10, 2011: 3,754,901 S/US$
 * October 15, 2011: 11,916,087 S/US$
 * October 20, 2011: 58,365,200 S/US$
 * November 1, 2011: 99,006,728 S/US$
 * November 5: 448,569,213 S/US$
 * November 15, 2011: 76,215,810,000 S/US$