Upon Viola's independence in 1604, its leaders were in favor of having a unique national currency. In the colonial era, Italian Ducats were used, but they decided to name Viola's currency the Corona. Coins were first issued by the government in 1605. In the 1690's, the Bank of Viola issued the first banknotes and promissory notes in Rodenia.
Viola's first banknotes were issued in the 1690s by the Bank of Viola. The overprinting of these notes, as well as public disconfidence in them forced the government to stop printing them. It would inly be until 1864 that banknotes would be issued again.