Tekelebese joun

The joun (Ɉ) (Irjysian pronunciation: /ʤoˈun/) has been the official currency of Tekeleb since June 1991, replacing the crashed maldhav. Issued and fully controlled by the Central Bank of Tekeleb, it is divided into 1000 talum. Due to high inflation, the joun is most often substituted with the Maryaadanese maldhav, especially in rural areas, and the talum is considered obsolete.

"Joun" is derived from the Irjysian word for gold. As of June 2020, the Tekelebese joun is the lowest valued currency unit in the Nesionytan Islands and one of the lowest in the world, with one equaling to approximately 13,000 joun.

History
During the rajate era, Tekeleb used gold and silver ingots for trade. Both ingots were referred to as "joun", which usually means gold in Irjysian. However, due to the expense of gold, gold ingots were replaced with coins in the 14th century, which were mostly used while trading with the Nesionytan Empire. Banknotes were introduced in 1883, which resulted in the creation of the Tekelebese maldhav.

The maldhav currency stayed afloat until after the, when Tekeleb's economy began to fluctuate. The value of the maldhav deteriorated during the 1950s, and subsequently crashed in 1967, with its inflation rate being 90%. The second maldhav subsequently replaced the first one, but its situation worsened during the Tekelebese Civil War, and later the establishment of the Tekeleb People's Republic.

As inflation and the country's economy worsened, the second maldhav crashed in 1990, and was replaced with the joun currency a year later. The joun was successful at first, but its value began to decline after the, and worsened in the early 2010s. As of 2015, one US dollar equated to 85,392 joun.

Banknotes
In June 1991, the Central Bank of Tekeleb introduced 1, 2, 5, 10, 15, 20, 30, 50, 75, 90, 100, and 150 joun banknotes. The notes gradually worked well but due to extreme overuse of the 1, 2, and 5 notes, the Central Bank stopped issuing notes in those denominations and began issuing coins instead in 2005. Due to increasing inflation, in 2009, all notes below 100 were discontinued and were replaced with 200, 500, 1,000, 2,000, 5,000, and 10,000 notes.

Overtime, due to extreme inflation during the 2010s, the Central Bank ceased issuing all notes below 10,000, and were replaced with 15,000, 25,000, 50,000, 100,000, 500,000, 1,000,000, and 2,000,000. More denominations in million and billion units were introduced from 2012 to 2014. Eventually, a 1 trillion note was issued in August 2015, which was no longer in circulation as of 2017 as inflation began to decrease in Tekeleb. In 2020, the Central Bank of Tekeleb announced that the denominations higher than Ɉ10,000,000 were no longer in circulation