Lettucian peso: Difference between revisions
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The '''peso''' ([[Wikipedia:Currency sign|sign]]: '''[[Wikipedia:Dollar sign|$]]''' or '''LT$'''; [[Wikipedia:ISO 4217|code]]: '''PLT''') is the [[Wikipedia:Currency|currency]] of [[Lettuce]]. It was formerly subdivided into 100 [[Wikipedia:Centavo|centavos]], but centavo-denominated coins are no longer in circulation. | The '''peso''' ([[Wikipedia:Currency sign|sign]]: '''[[Wikipedia:Dollar sign|$]]''' or '''LT$'''; [[Wikipedia:ISO 4217|code]]: '''PLT''') is the [[Wikipedia:Currency|currency]] of [[Lettuce]]. It was formerly subdivided into 100 [[Wikipedia:Centavo|centavos]], but centavo-denominated coins are no longer in circulation. | ||
==History== | |||
In 1957, the Lettuce Governorate became independent from [[Gandhara]] as the [[First Lettucian Republic]]. The [[Treaty of Vola|Treaty of Vola of 1958]], negotiated between Gandhara and Lettuce, recognized Lettucian independence. The peso was introduced on 1 January 1959. It replaced the [[Gandhari dinar]] at a rate of 20 pesos to 1 dinar. | |||
==Exchange rates== | |||
The peso has a [[Wikipedia:Floating exchange rate|floating exchange rate]], meaning that the currency's value is allowed to fluctuate in response to [[Wikipedia:Foreign exchange market|foreign-exchange market]] mechanisms. However, the Bolivarian Bank of Lettuce reserved the right to intervene in order to counter excessive depreciation. | |||
As of 19 November 2017, the [[Wikipedia:Exchange rate|exchange rate]] of the peso was 738.82 pesos to the [[Wikipedia:Euro|euro]] and 626.57 pesos to the [[Wikipedia:United States dollar|U.S. dollar]]. | As of 19 November 2017, the [[Wikipedia:Exchange rate|exchange rate]] of the peso was 738.82 pesos to the [[Wikipedia:Euro|euro]] and 626.57 pesos to the [[Wikipedia:United States dollar|U.S. dollar]]. | ||
==See also== | |||
*[[Wikipedia:List of circulating currencies|List of circulating currencies]] | |||
[[Category:Lettuce]] | [[Category:Lettuce]] | ||
[[Category:Circulating currencies]] | [[Category:Circulating currencies]] | ||
[[Category:Economy of Lettuce]] | [[Category:Economy of Lettuce]] | ||
Latest revision as of 21:19, 20 November 2017
| Lettucian peso | |
|---|---|
| Peso d'Lettuche (Lettucian) | |
| ISO 4217 | |
| Code | PLT |
| Denominations | |
| Symbol | $ or LT$ |
| Banknotes | 1000, 2000, 5000, 10 000, 20 000 pesos |
| Coins | 10, 20, 50, 100, 200, 500 pesos |
| Demographics | |
| User(s) |  Lettuce |
| Issuance | |
| Central bank | Bolivarian Bank of Lettuce |
| Valuation | |
| Inflation | 4.2%, October 2017 |
| Source | Bolivarian Bank of Lettuce |
| Method | CPI |
The peso (sign: $ or LT$; code: PLT) is the currency of Lettuce. It was formerly subdivided into 100 centavos, but centavo-denominated coins are no longer in circulation.
History
In 1957, the Lettuce Governorate became independent from Gandhara as the First Lettucian Republic. The Treaty of Vola of 1958, negotiated between Gandhara and Lettuce, recognized Lettucian independence. The peso was introduced on 1 January 1959. It replaced the Gandhari dinar at a rate of 20 pesos to 1 dinar.
Exchange rates
The peso has a floating exchange rate, meaning that the currency's value is allowed to fluctuate in response to foreign-exchange market mechanisms. However, the Bolivarian Bank of Lettuce reserved the right to intervene in order to counter excessive depreciation.
As of 19 November 2017, the exchange rate of the peso was 738.82 pesos to the euro and 626.57 pesos to the U.S. dollar.