Ora (currency)

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Ora
Country: South AfricaSouth Africa South Africa
Subdivision: -
Abbreviation: Φ
Exchange rate :
(August 28, 2020)

1 Ora = 1 ZAR (fix)

1  EUR  = 19.883 Ora
100 Ora = 5.0294 EUR

1  CHF  = 18.482 ora
100 ora = 5.4107 CHF

Ora (symbol: Φ) is the name of the coupon system , the de facto currency of Orania , a quasi-autonomous Boer (Afrikaaner) community in South Africa . The currency is pegged 1-to-1 to the South African rand . Ora is based on the Latin word aurum for gold . The issue and use of the currency was not sanctioned by the South African Reserve Bank . The Ora is issued by Orania Spaar en Krediet (OSK), formerly Orania Spaar en Kredietkoöperatief , which thus acts as the de facto central bank .

history

The first banknotes were issued in April 2004 to give further expression to the self-government of the area. The decision to have its own currency goes back to 2002 and Johan van Zyl .

Banknotes

10 Ora Note (expired 2006)

The currency is issued in banknotes of 10, 20, 50, 100 and 200 ora. The 10 ora note represents the history of the Afrikaans, the 20 ora note symbolizes their art, the 50 ora note the culture of the Boers and the note with a value of 100 ora the place of Orania. The 200 Ora notes issued since 2014 are dedicated to life in Orania.

The Ora banknotes are not valid indefinitely: The expiry date of the respective issue can be found on the back of the notes. There is also a field on the back where advertisements from local companies are printed.

use

Payment with eOra (2017)

The Ora is accepted in Orania and surrounding towns. In order to increase the acceptance of the currency, some shops in Orania sell their goods against Ora at a discount. The positive effect of using the Ora is the reduction of cash theft, as the currency is practically nowhere else to be accepted. In 2011, ora values ​​between 400,000 and 580,000 were in circulation.

With the Eora since 2017 cryptocurrency introduced.

Web links

Individual evidence

  1. ↑ a b Vakansieprogram 2014 . Orania Moving. Retrieved October 1, 2017.
  2. ↑ Orania cashes in on the 'ora' , News24. April 29, 2004. Archived from the original on April 11, 2015. Retrieved on April 12, 2015. 
  3. ↑ a b 'Whites-only' money for SA town , BBC NEWS. April 29, 2004. Retrieved October 1, 2017. 
  4. ↑ a b c Aleksander Haleniuk: Orania - the embryo of a new Volkstaat? , Uniwersytet Warszawski. Retrieved September 30, 2017. 
  5. ↑ Change your rands before trekking to Orania , IOL News. April 28, 2004. Retrieved October 1, 2017. 
  6. ↑ The Ora , orania.co.za. Retrieved October 3, 2017.
  7. ↑ Whites-only Orania eyes audacious move to virtual currency , fin24.com. July 16, 2017. Retrieved October 1, 2017. 
  8. ^ Where Afrikaans can stay among themselves , Neue Zürcher Zeitung. January 23, 2009. Retrieved September 29, 2017. 
  9. ↑ Voor Grond ( Afrikaans ) Orania Beweging. July 2011. Retrieved September 30, 2017.
  10. ↑ Orania plans new e-currency ( en ) Retrieved September 29, 2017.
  11. ^ South Africa's Secluded Whites-Only Orania Community is Testing a Digital Currency. CCN, July 21, 2018.