|ISO 4217 code|| |
|Central bank||Federal Bank of Kania|
|Date of introduction||23 July 1784|
|Source||17 May 2012|
|Coins||5¢, 10¢, 25¢, 50¢, ₭1|
|Banknotes||₭1, ₭5, ₭10, ₭20, ₭50, ₭100|
|Printer||Kanian Printing Bureau|
|Mint||Federal Mint of Kania|
The first Kanian dollar coin was issued in 1765 after the establishment of the Federal Mint of Kania. The government sought to lessen its dependence on the British economy as it imported 130,000 British pounds a year for usage in Kania. Thus, with minting of the first silver dollar coins in the country, the process of cutting economic ties with Britian began. The printing of money began in 1781, with the ₭5, ₭10, and ₭100 dollar bills printed in Port Kane. The formal printing of money did not begin until 1788, when the government authoritized the accepting of the first Kanian dollar as the official currency of Kania by presidential decree. The nation was undergoing an economic crisis as it was tied to the British pound which was suffering from Britian's enomous debt, accumulated during the American Revolutiony War. Accepting the Kanian dollar as legal tender was a political move that save the national economy.
The government pegged the value of the currency to the annual timber and fish exports of Kania, which were at the time, very large and profitable. This saw the value of the Kanian dollar skyrocket early on in it history, all part of the government scheme to salvage the economy from peril. The value of the money saw the Kanian economy rebound overnight, and made most of the population very wealthy. By the 1830s, gold hade been discovered in the N/A Mountains, and saw the Kanian dollar pegged to the value of gold, which became an overriding issue at the time. Arguing that timber and fish exports were not sustainable, the government successfully pegged the currency to gold in 1837. Though the value of the dollar dropped considerably, the money was still worth more than that of its peers, such as the American dollar and the British pound.
Until the death of Roger Kane in 1775, money did not depict faces of Kanian presidents, as Kane himself stated that it was tantamount to personality worship. He said that only once he died could the people wish to put his face on their money. Until 1912, Roger Kane's face was depicted on all of the money issued by Kania. This became an issue when members of the Federal Senate of Kania sought to put the face of President Henry Kane on the money as well. In keeping with the request of his ancestor to not have the face of family on the money, Kane enacted the New Dollar Act of 1912, which placed the faces of Kania's founding fathers on the money, Roger Kane's included, so as to end the issue of placing his or that of his desendents on the Kanian dollar.
|₭1||Roger Kane, first President of Kania||$1.14|
|₭5||Gregory Fawkes, second President of Kania||$5.73|
|₭10||Solomon Bragge, fourth President of Kania||$11.46|
|₭20||Andrew Reece, tenth President of Kania||$22.92|
|₭50||Matthew Briggs, fifth President of Kania||$57.30|
|₭100||Constantine Arment, seventh President of Kania||$110.46|