Article XI – Newfredland currency
By order of the king, Lord Frederick William Cook, in accordance with the micronation of Newfredland, we hereby establish a recognized currency used as legal tender for all products and services within our nation. This currency will be called, “Nummus,” which is a Latin term for money, and the symbol representing our dollar shall be, “փ.” Thus փ20.00 is twenty nummus via our currency.
We will have no coins to save on expenses, paper currency will be in full dollar values, 1, 5, 10, 20, 50, and 100 denominations. Our currency will be designed and printed professionally and citizens will have the ability to buy into it, purchasing packs in various denominations, no different from currency exchanges. Everything within Newfredland territories will thus be sold in whole denominations only.
We plan on updating our currency in the future, looking to establish our own cryptocurrency, but for now, we hereby establish our paper currency.