Lycanth Franc

The Lycanth Franc (sign: ₣, code: LYF) will be the official currency of Lycanthia from the 1st of February 2012. It will be pegged to the Arcacian Dollar at a fixed exchange rate of ₣20.00 per $1.00. Within Lycanthia it will almost always be abbreviated with the franc sign (₣) with LY₣ sometimes used to distinguish it from other franc-denominated currencies.

History
Lycanthia used the French Franc until independence in 1929 and then the CFP Franc (Pacific Franc) from independence until the near collapse of the Lycanth economy in 2009. On 1 January 2010, Lycanthia switched over to the Arcacian Dollar as part of the amicable protectorate agreement. A new currency for Lycanthia was planned to be introduced at the conclusion of the agreement in 2020 but was brought forward by 8 years as the Lycanth population resent using the Arcacian Dollar. The designs of the coins and banknotes are being kept a closely guarded secret until they enter circulation.

Coins
The following coins will be issued: ₣1, ₣5, ₣10, ₣20

Due to ₣1 being equal to 5 Arcacian Cents, no smaller coin will be issued. All prices in Lycathia will be displayed in Francs only. The currency will have no subunit.

Banknotes
The following banknotes will be issued: ₣100, ₣500, ₣1000, ₣2000