The country is small.
It’s between 1000 sq km to 50 000 sq km in size.
It’s has between 100 000 and 1 million people.
Its GDP is over US$10 billion (2026).
FWIW, it’s multicultural with several official languages (most are officially secondary).
It got its independence between WWI and WWII.
There might have been a “Great Leader” in the past who lead at most a semi-authoritarian government (but little, if any, blood was spilled), but for the past few decades it’s been a liberal democracy, though a little socially conservative (e.g. LGBTQ are legal, but can be discriminated against in the private sector; medicinal marijuana is allowed; prostitution is allowed in certain areas; feminism exist, but in the same way it exist in, say, Utah, Texas, Alabama, or (the State of) Mississippi).
rules, if you will:
-
The currency was and is completely fiat—never backed by anything, such as gold or silver.
-
Since the country’s creation it hasn’t excessively inflated the currency.
-
There have been series of currency bills/notes, and I suppose some coins too, that have been de-monetized, though mostly to deal with counterfeiters in the early days.
-
The currency is (I think the term is “free floating”). There is an official government exchange rate in the banks, but you can now, as you could for most, or perhaps all, of the country’s history, buy it at free market prices even in the country.
-
As the UK pound (£1), euro (€1), and now the Swiss franc (1 CHF) are each worth more than the USD (in 1971 it was US$1 ≈ 4 CHF, in the 1980s, US$1 ≈ 3 CHF, now it’s almost US$1 ≈ 0.8 CHF) so has, in the past few years, this country’s currency base unit become greater than US$1.
Thank you.
It is likely that your country’s currency has a soft peg where the National Bank commits to trade within a window. It likely also restricts currency export since the bank is trying to keep the currency stable and exposing it to foreign investors can likely cause some form of shenanigans.