Mycenaean currency

The Mycenaean currency, called the Mycenaean shematy, was introduced into the Mycenaean Confederation and its subjects as the official currency by the wanax Eteweokles in 62 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 2:1, with two Mycenaean shematys being worth one Egyptian shematy. Just like in the Commonwealth, the Mycenaean 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 Mycenaean shematy is still not widely adopted, being used only in 8 of the kingdoms of the Confederation and both puppet kingdoms, and even in those places usually only in the larger cities.
Category:Mycenaean Confederation
Category:Currencies