Magisterian franc

The Magisterian dollar (MSD) is the official currency of Magisteria. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or M$ to distinguish it from other dollar-denominated currencies. The Federal Monetary Authority of the Magisterian Democratic Socialist Republic issues the banknotes and coins of the Magisterian dollar.

As of 2020, the Magisterian dollar is the thirteenth-most traded currency in the world by value and one of the strongest valued currencies in the world.

History
After gaining independence from France, it's official currency was the Magisterian franc. The Magisterian franc was pegged from the French franc until the 1845-1847 Magisterian economic crisis happened. Hyperinflation made the franc worthless which resulted the federal government changing currencies, with the introduction of the Magisterian dollar.

The Magisterian dollar was introduced on 17 July 1847 as a part of the economic recovery plan the federal government have been implemented. The plan was a huge success as inflation started to decrease and the economy started to stabilize.

Banknotes

 * $2,000 - introduced on January 1, 2000, non-circulating.
 * $500 - introduced on September 7, 2015, non-circulating.
 * $200,000 - introduced on June 5, 1984 for the 200th Year of Independence.

Coins

 * Ringed 50c