AINERO

The AINERO (sign: ₴; code: AIN) is the official, non-compulsory currency of the AIN. It is the currency used by Fairview and Illu'a.

The name AINERO was officially adopted on 13 January 2007. The AINERO was introduced to world financial markets as an accounting currency on 1 January 2008, at a ratio of $0.63 USD to 1 AINERO. AINERO coins and banknotes entered circulation on 2 January 2008.

Administration
The AINERO is managed and administered by the Kingston-based Ministry of Innovation, Trade and Investment (ITI) and smaller, foreign mints. The ITI participates in the printing, minting and distribution of notes and coins in all participating countries.

The 2007 Killorglin Treaty states that the AINERO is the official currency for international trade in the AIN, but is not required to be adopted. Following the lead of Illu'a in December 2010, Syldavia adopted the AINERO as an official currency in 2011.

Coins and banknotes


The AINERO is divided into 100 cents (sometimes referred to as AINERO cents, especially when distinguishing them from other currencies, and referred to as such on the common side of all cent coins). The plural forms of AINERO are spelled without the s Otherwise, normal English plurals are recommended and used.

All circulating coins have a common side showing the denomination or value, and the union dove in the background. The coins also have a national side showing an image specifically chosen by the country that issued the coin. AINERO coins from any country may be freely used in any nation which has adopted the AINERO. The coins are issued in ₴1, 50c, 20c, 10c, 5c, and 1c denominations. In order to avoid the use of the 1c coin, some cash transactions are rounded to the nearest five cents in certain stores.

The design for the AINERO banknotes has common designs on both sides. The design was created by the Illu'an designer Daniel Hatcher. Notes are issued in ₴500, ₴100, ₴50, ₴20, ₴10, and ₴5. Matinenda was able to make ₴1 banknotes due to an amendment in the Killorglin Treaty. Each banknote has its own color and is dedicated to major countries within the AIN. The front of the note features economic power while the back showcases government. The designs are chosen by an agreement with the respective nation.