Monetary reform of gold coins
Currency reform of Konrad II. created a single currency known as gold coins. The coins had a clearly defined value according to the amount of gold and a neutral appearance, thanks to which they spread not only in the Empire, but also in elven, gnome and dwarven lands. The reform became one of the greatest economic successes in the entire history of Ulvenor.
The problem of many currenciesThe problem of many currencies
Although the empire had its own unified currency, other countries' currencies still appeared in commercial circulation. In a strong economy, this caused confusion, complicated long-distance trade, and created room for disputes over the value of coins. Konrad II he understood that if trade was to really grow, it needed a stable and reliable currency acceptable beyond the empire's borders.
The gold coin as a measure of value
The new currency was based on a clear principle. One gold bar contained one gram of gold, and higher values were to contain a directly proportional amount of gold. Coins with denominations of 1, 2, 5, 20, 50, 250 and 1000 gold were created. The higher coins were very heavy and were hardly used in general circulation. Yet they were important for large transactions, interstate trade, and the equalization of value between powerful trading partners.
A neutral coin for the entire continent
After twenty years of diplomatic travels, Konrad pushed for the coins to bear a neutral image. Thanks to this, elves, dwarves, gnomes or other cultures did not have to feel subordinated to the symbols of the empire. It was this move that allowed gold coins to spread far beyond the borders of the empire. They gradually supplanted most other currencies and are still among the most important currencies of the continent of Oia.