RTC Currency

Together with the other Baltic countries and the Scandinavian Realm, the RTC belongs to a monetary union, known as "Baltic Currency Union". As a result, the RTC has a dual monetary system, based on the distinction between specie and current. Species are fixed and their values remain fixed for hundreds of years. The Baltic League has essentially two of them: the Riksdaler specie which is used in the Scandinavian countries and in Nassland, and the specietaler in the East Baltic countries and the RTC. Their values are not the same, but fixed to each other.

In addition to that, each country has its own current currency, the value of which is fixed in relation to the specie. In other words, two parallel coinage systems are in each country; the specie, and the current. Efforts to decide on a common agio rate for all members of the League (which would enable people to use the current currency of one country in another) have not succeeded yet, although it remains high on the agenda of its members states.

Agio in the RTC is set on + ⅕. On other words, 1 specietaler = 1.2 talar courant.

As for the current system, the basic denominations are the following:
1 talar (Ŧ) =30 groszór = 90 soldór = 540 dzienarzór (đ) (in Veneda)
1 taleriai (Ŧ) = 30 grašiai = 90 variokai = 540 dinarai (đ) (in Lithuania)
21⅓ talars to the mark of fine silver (180 gr silver)
30 talar banknote (by Jakub Marcin Zając)

The following coins and banknotes are in circulation:

Coins (current):
⅓ dzienarz, 1 dzienarz, 3 dzienarze ("trzedziemiedzyk"), 9 dzienarzór;
1 sold;
1 grosz, 3 grosze, 6 groszór ("szostarz"), 18 groszór ("tymf");
⅓ talar, 1 talar ("urzy");
6 talar ("urzy rubry, rykstalar", a former trade coin, nowadays only a commemorative coin).

Coins (specie):
⅓ talar śp., 1 talar śp., 5 talar śp. ("urzy jan").

Banknotes (current):
1 talar, 3 talarze, 9 talarór, 30 talarór, 90 talarór, 300 talarór.

This system tends to be very confusing for foreigners, and also, occasionally, for Veneds and Lithuanians. Note that the actual value of 1 sold is 6 dzienarzór, while the value of ⅓ talar is 10 groszór. In other words,   Ŧ1⅓/6/1/5   is exactly the same price as   Ŧ1/16/–/11   or   Ŧ1/–/–/299   . Needless to add that Venedic shopkeepers are true masters in manipulating their prices in such way that things appear cheaper than they actually are!

In prices, the soldzie are often omitted: if something costs you   Ŧ2/20/15   that means that you owe 2 talars, 20 grosze and 15 dzienarze, which you can of course also pay as 2⅔ talars, 2 soldzie and 3 dzienarze, etc.