2 Kipemi

2 Kipemi - obverse2 Kipemi - reverse

© Rojomano

Features

Location Territory of rural herders farmers
Type Fantasy items › Fantasy currency
Year 1992
Value 2 Kipemi
Composition Copper
Weight 8.5 g
Size 17 mm
Thickness 5 mm
Shape Oval
Number
N#
107259

Obverse

Leaf

Reverse

Geometric figure

Edge

Plain

Comments

Http://www.bluewatersmint.com/terrruralherdersfarmers.htm
The first attempt at a currency based on the herding and farm values was tied to the ruble at 25 to 1 ruble. The currency was artificially inflated and quickly dropped in value. By the end of 1994, the value of the currency, roughly translated as both the 'seed' and the 'straw' bottomed out at about 200,000 to the US dollar. The currency is now based on the surplus of goods produced.
There was talk of revaluating the old currency at 100,000 old to 1 new seed. We do not know if this plan was acted upon.
The 1992 currency was issued in 11 denominations, each depicting a well loved Queen by the name of Kipemi, who served her people for some 20 years and the first Queen to be selected by both the Herders and Farmers because of her wisdom and mercy. The depiction is identical to the only postage stamp issued by the country.
Currency seems to have a hard time catching on as barter has always been the rule for the population. In fact, it would be fair to say much of the currency printed was never circulated for this reason.
Additionally, some coinage has been noted. These are few in number and resemble more ancient coinage, utilizing various symbols. With no lettering to depict the territory and so few found, it has been pondered if these are from years past or currently circulating coinage. We do know these coins are in copper and come in two weights: about 6.16 and 8.5 grams or roughly 1/5th and 1/4th of an ounce of copper. It seems each Queen issued coins. Two coins of differing weight show a cow while the remaining two have only emblems. They are not dated with a linear design on the reverse which may or may not be symbolic.
Palmeros, in a more recent record of a visit stated the current long-reigning leader of the herders wants to move toward a cash economy, reasoning there are too many squabbles over the barter system that roll over to the next transaction. She feels the exchange of money will make the transactions less personal and minimize 'hurt feelings'. At this point, there is no word on how the project is progressing. For certain, it is a tall hill to climb as the barter system has been in place for generations.
compiled by Bill Turner 2007 updated in 2008

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Date Mintage VG F VF XF AU UNC
ND (1992)  25

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

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