Hittite currency

While for most of Hatti's history, the country did not have a single centralized currency, in 76 AEE the Hittite king Muwatalli III introduced the kan, which now serves as the official Hittite currency. The kan has an exchange rate of 4.55:1 with the Egyptian shematy and 8.1:1 with the Eastern Coalition sitan. It also has a smaller denomination known as the kain, which is 1/12th of the kan. However, the currency is still not widely used anywhere except the capital Hattusa, as the regions are slow to adapt it and wary of these new developments. Currently, the kan is mostly used for government transactions as well as trade deals with the other OFK members or EC countries.
Category:Hatti
Category:Currencies