Dīnār (DNR)
Qamarshan uses the Dīnār (code DNR), an intermicronational currency backed by gold.
- Standard: 1 DNR is defined as 4.25 grams of pure gold.
- Introduced: 5 April 2025.
- Legal tender: Qamarshan.
- Symbols: Arabic “د” for Dīnār; MicroDīnār uses “ⲙ”.
Facts summarized from public records; wording adapted for this site.
Valuation
Because Dīnār is pegged to gold, its price against other currencies follows the gold market. To estimate fiat value:
Formula: Value of 1 DNR ≈ (spot gold price per gram) × 4.25
Example: if gold is $75/gram, then 1 DNR ≈ 75 × 4.25 = $318.75.
Actual rates vary with live gold prices and spreads.
Units and Notes
- Subunit: MicroDīnār (1 μDNR = 1/1,000,000 DNR = 4.25 micrograms of gold).
- Banknotes: A Zero Dīnār note may be issued as a collector’s item.
- Coins: Commodity backing means physical issuance is constrained by storage and minting.
Banking and Issuance
The gold reserve and issuance policy are maintained at a sovereign level. State banking services are conducted by the Coin Bank of Sheikh (CBS). Reserve management and minting are overseen by royal institutions.
Practical Notes
- As a gold-pegged currency, inflation is structurally constrained by the peg.
- Market conversions should use current spot prices plus applicable fees.
- For state matters, Dīnār is the unit of account within Qamarshan.