Hautean Loteng

The Hautean Loteng (sign: ൽ; code: LHE) is the official currency and legal tender of all nations across eee. Within eee, it is almost always abbreviated to its symbol (ൽ). The ൽ symbol precedes the amount. It is subdivided into 100 Teng (ᱭ).

The Hautean Loteng was introduced as Hautite civilisation grew to require a currency. After the plateauing of eee in 748 TT, the Hautean currency system was adopted throughout the whole of eee, and replaced the note-based Siôese Qetirin.

History

The Hautean Loteng was introduced in 1398 TT in dZumiya, to provide a more efficient form of transaction than bartering. Both parties involved in a transaction would present the details to a banker, who would track each party's account balance using small, round rocks.

As the need for a more organised currency system grew, transaction details could be written on small sheets of parchment or paper and handed in to banks. This allowed businesses to thrive, as transactions could be done more efficiently. People could also now view their transaction history and balance with extreme relative ease.

The Hautean Loteng became a floating currency on 28-5 4 PC.

Usage

Unlike other Attu currencies, the Hautean Loteng has no physical form and is entirely credit-based. Almost all transactions are performed via electronic payment. In areas where electronic payment may not be viable, paper cheques are used as a replacement.