Lach: Difference between revisions
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{{Basis}} | {{Basis}} | ||
The '''Lach''' ([[Qymish language|Qymish]]: Ⰾⰰⱍ; [[wikipedia:Currency symbol|symbol]]: '''Ⱎ'''; [[wikipedia:abbreviation|abbreviation]]: '''QYL''') is the official currency of [[Qym]]. | The '''Lach''' ([[Qymish language|Qymish]]: Ⰾⰰⱍ; [[wikipedia:Currency symbol|symbol]]: '''Ⱎ'''; [[wikipedia:abbreviation|abbreviation]]: '''QYL''') is the official currency of [[Qym]]. It is the second most used [[Reserve currencies on Basis|reserve currency]] after the [[Methelorian seng]], representing 18.2% of global reserves in {{abbr|2440|2027 (Earth Year Equivalent)}}. | ||
Following the [[Boreal War]], the lach lost much of its pre-war value as [[Qym]] lacked financial capital for post-war reconstruction and was indebted to [[Methelor]]. Under the [[Gold Exchange Treaty System]], the lach was pegged to the [[Methelorian seng]] alongside other major currencies. After this system was abandoned in {{abbr|2373|1971.3 (Earth Year Equivalent)}}, the lach has been a [[wikipedia:Floating exchange rate|floating currency]]. | |||
The lach is issued by the [[Royal Bank of Qym]], the country's [[wikipedia:Central bank|central]], [[wikipedia:Commercial bank|commercial]] and [[wikipedia:Investment banking|investment bank]] controlled by the royal [[House of Zhifol]]. | |||
==Coins== | ==Coins== | ||
Latest revision as of 11:15, 19 July 2026
 | This article is part of Project Basis. |
The Lach (Qymish: Ⰾⰰⱍ; symbol: Ⱎ; abbreviation: QYL) is the official currency of Qym. It is the second most used reserve currency after the Methelorian seng, representing 18.2% of global reserves in 2440.
Following the Boreal War, the lach lost much of its pre-war value as Qym lacked financial capital for post-war reconstruction and was indebted to Methelor. Under the Gold Exchange Treaty System, the lach was pegged to the Methelorian seng alongside other major currencies. After this system was abandoned in 2373, the lach has been a floating currency.
The lach is issued by the Royal Bank of Qym, the country's central, commercial and investment bank controlled by the royal House of Zhifol.