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Ostrobian Dollar

Ostrobiann mark Ostrobiabanknotes Ostrobiancoins

ISO 4217 code OSD
Central bank Central Bank of Ostrobia
Website www.cbo.gov.os
User(s) Ostrobiaflag1989-Ostrobia
Inflation ???%
Pegged by Euro (x0.8)
Subunit
1/100 cent
Symbol $
cent c
Nickname mark
Coins 10c, 20c, 50c, $1, $2
Banknotes $5, $10, $20, $50

The Ostrobian Dollar (sign: $; code: OST ,Ostrobian: Ostrobiann mark) is the official currency of Ostrobia. Within Ostrobia it is almost always abbreviated with the dollar sign $ or with OSD to distingush it from other dollar currencies and is widely used in international buisnesses and online shops. It is subdivided into 100 cents.

As of 2013, the Ostrobian dollar is the fourth most traded currency in the world, acounting for 8.5% of the world's daily share. It trades in the worlds foreign exchange markets behind the US dollar, the euro and the yen. The Ostrobian dollar is popular with currency traders, because of its high interest rates, the relative freedom of the foreign exchange market from governmental intervention and the stability of Ostrobia's political system. It is worth about 0.60 euros.

HistoryEdit

Further info: Economy of Ostrobia

The Ostrobian pound, introduced in 1849, was replaced by the dollar on January 8th 1963. The rate of conversion for the new decimal currency was two dollars per pound or ten shillings per dollar. In 1967, Ostrobia left the sterling area, when the pound was devalued against the US dollar. It then joined the ECC in 1970 and started its peg with the Euro since its introduction. The Ministry of Finance has no plans to join the Euro and has maintained an opt-out. The general public also has no interest in joining the Euro as result of the 2000 Referendum on the Eurozone.

BanknotesEdit

The current series of banknotes for the Ostrobian dollar began circulation in September 8th 2014. The banknotes uses polymer instead of paper as opposed to earlier banknotes.