The Ergyng Pound

The Ergyng Pound, has a similar origin to that of many other currencies bearing the name "Pound" although it is not directly related. Like many other "Pounds", originally it referred to a pound in weight of silver. The origin of this in Ergyng dates back to King Rhodri ap Brian, who initially introduced it to the Kingdom of Deharnedd, and later the Kingdom of the Ergyngic. The first reference to an exchange in "Pounds" is within Adgar of Cerewryth's Historia Ergyngic where he states that Rhodri "payed the Republic and People of Branburh a sum of 12,000 Pounds Silver in exchange for an oath and contract of vassalage".

The Medieval Ergyng Pound was split into 10 denryds, which themselves were split into 22 ceiniogs, thereby making one pound worth 220 ceiniogs. A pound during the medieval period was a large sum, with the average citizen only earning about two pounds value in either coinage or goods per year; a large loaf of bread is estimated to be about one ceiniog, and records from the 14th century suggest that a barrel of good wine was worth 288 ceiniogs or 1pound, 3 denryds, and 2 ceiniogs.

The Modern Ergyng Pound

The structure and usage of the medieval Ergyng Pound remained unchanged until the completion of the Teudician conquest of Ergyng in 1723, where the Ergyng Pound was replaced with the Teudic, which remained in use until the establishment of The Ergyng Economic and Defence Union (The EEDU) in 1962.

The EEDU introduced the modern Ergyng Pound (£ EGP), which unlike the Ergyng Pound of King Rhodri, is divided in a much more functional, and decimal, manner. 1 Ergyng Pound is 100 ceiniogs, with a 10 ceiniog coin being referred to as a denryd, although in an effort to keep accounting simpler it is never called such in a legal or accounting context.