Creation of a Regional Currency

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Creation of a Regional Currency

Post by Y Cymraeg Rhydd on Mon Dec 14, 2015 11:34 am

Looking around on NationStates, some regions have created regional economies to make their RP more engaging, while I feel diplomacy should be the focus of the RP, money always help's diplomacy. Therefore I think we need an International Regional Currency - any suggestions on how this economy could work and be used? Also if we agree to this then I feel an officer at the CUC called 'Minister of Economics' or there about should be created. So, any Ideas?
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Re: Creation of a Regional Currency

Post by Southeast Greenland on Wed Dec 16, 2015 1:35 pm

How about this: We create a set of coins called AH Cents. They can be used from one country to any other country in an economic alliance called AH Union, so if you are a member, you can use it.
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Re: Creation of a Regional Currency

Post by Y Cymraeg Rhydd on Wed Dec 16, 2015 8:46 pm

Okay, but what would be the benefit of such a currency, how would it be used?
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Post by Southeast Greenland on Wed Dec 16, 2015 9:33 pm

Y Cymraeg Rhydd wrote:Okay, but what would be the benefit of such a currency, how would it be used?
It would be an RP currency. Using NSEconomy we would make each AW Cent equal 10 Cents (USD). Therefore, if you had a GDP of 5,000,000 Puppy Pounds, and 1 Puppy Pound equals 2 dollars, the formula would be: 5,000,000 times 2, divided by 10.
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Re: Creation of a Regional Currency

Post by Y Cymraeg Rhydd on Wed Dec 16, 2015 9:42 pm

Okay sounds good, what sort of RP elements would it benefit? I think it needs to have some kind of desirable value? Like besides buying land from countries that are willing to sell, there should be a way of maybe turning it into something else? Also how we ensure it is stored correctly by users tho?
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Re: Creation of a Regional Currency

Post by Southeast Greenland on Thu Dec 17, 2015 10:49 pm

The organization will have a head. To get AW Coins and officially use it, you have to register your GDP at the time, as well as nation name. All purchases shall be reported with a link, and all sales shall be reported with a link. If someone finds that someone did not report it, then they are ejected from the organization for a set amount of time. And there should be a store where you can by troops, food, land, etc.
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Re: Creation of a Regional Currency

Post by Y Cymraeg Rhydd on Fri Dec 18, 2015 12:34 am

I like this idea, we shall start setting up tomorrow, and I shall need a Chief Exchequer to run the bank, sound like something you wish to do or is another nation interested?
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Re: Creation of a Regional Currency

Post by Southeast Greenland on Fri Dec 18, 2015 1:49 am

Y Cymraeg Rhydd wrote:I like this idea, we shall start setting up tomorrow, and I shall need a Chief Exchequer to run the bank, sound like something you wish to do or is another nation interested?

I shall do it. Thank you for approving.
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Re: Creation of a Regional Currency

Post by Grand republic ofArcadia on Fri Dec 18, 2015 2:42 am

What about the Udollar? Its equivalent to the USD so less math and it could work like the euro and the EU.
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Re: Creation of a Regional Currency

Post by Y Cymraeg Rhydd on Fri Dec 18, 2015 9:55 am

I think maybe having a unique name for our version of USD would be better. We could always select maybe three names we all like and vote on them?
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