Renesian mark

The Renesian Mark is the of Renesia. The Renesian Central Bank prints and issues Renesian mark autonomously. It is divided into 100 Munzen and its abbreviation as RMK. Renesian Mark is one of the few currencies that still use the.

History
After Renesian subjugation of the Sarrisen republic in 1751, there was an issue of having two strong central banks (the Royal Mint and the Grand Sarrisen Bank) with two different and strong currencies (Renesian krone and Sarrisen sarc). In order to unify the two currencies, the Renesian Central Bank was created and issued new notes and coins to slowly replace both the Kronen and Sarcs. Both the Kronen and Sarcs were used in conjunction with the Mark until 1763 when all the Kronen and Sarcs went out of circulation. All the currencies (Marks, Kronen and Sarcs) were equalized in value during the transition time, usually translating to 1 Mark = 2 Krone or 2 Sarcs.

Both the Kronen and Sarcs were using the with a slight difference in value, the change to the Gold standard made both the Renesians and the Sarrisens upset but slowly started accepting it as the Renesian Mark became more powerful. International exchanges were more receptive to the Marks and stopped exchanging with Kronen and Sarcs, which helped incentives people to switch over to Marks. Although it took almost a decade to switch over to Marks since many towns, cities and the nobility prefer to use the old currency to make payments as they had a large reserve, what made it worse is the autonomy of the provinces that kept resisting the currency switch.

Both the Royal Mint (currently known as the Renesian Princely Bank) and the Grand Sarrisen Bank were at first part of the Renesian central bank until 1770 when they were both privatized.