Alashiyan currency

The Alashiyan currency, called the Alashiyan shematy, was introduced into the independent Kingdom of Alashiya the official currency by the king Huzaru in 75 AEE. It is pegged to the Egyptian shematy, the official currency of the Commonwealth of Kemet, Kush, and Retjenu, with a fixed exchange rate of 1:1, with one Alashiyan shematys being worth one Egyptian shematy. Just like in the Commonwealth, the Alashiyan currency also has the same smaller unit called the qedet (1/10th of a shematy) and the larger one called the deben (12 shematy). The Alashiyan shematy is still not completely adopted in 77 AEE, being a new currency used mostly in the capital Enkomi, but it is becoming used more and more often as Huzaru wants to bring his kingdom to the standards of the Commonwealth and make trade between the two countries easier.
Category:Alashiya
Category:Currencies