Lettucian peso
| 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.