Day 6 | Unified Currency
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Will
Forthwall
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Day 6 | Unified Currency
Before anyone posts, I would like will to explain
Forthwall- Vice-Chancellor
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Re: Day 6 | Unified Currency
Certainly, For our unified currency we've got alot to discuss, first, we need to set an exchange rate, set a name, symbol, etc. and it's, in my opinion, such a large subject it would need a week to fully detail but for our one day we've got:
What should the exchange rate be?
What should we name our currency?
What should the symbol be?
What else do you think should be discussed?
Thank you for your time,
Will
What should the exchange rate be?
What should we name our currency?
What should the symbol be?
What else do you think should be discussed?
Thank you for your time,
Will
Will- Economics Administrator
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Re: Day 6 | Unified Currency
I personally think the system should be similar to the "Credits" from Star Wars (note: Credits, despite the name, were an actual physical currency that was accepted on all Republic worlds)
For the exchange rate... (I need clarification on this issue)
For the name, how about "Galac" or something similar?
For the symbol, a stylized letter G should do fine
For the exchange rate... (I need clarification on this issue)
For the name, how about "Galac" or something similar?
For the symbol, a stylized letter G should do fine
Daniel- Chancellor
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Re: Day 6 | Unified Currency
I'm thinking both in relation to each world's current currency and a real world currency, so that we can decide how much it's worth,
Will- Economics Administrator
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Re: Day 6 | Unified Currency
Boneila doesn't have any currency but the unfied one, as it's better for business that way
Daniel- Chancellor
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Re: Day 6 | Unified Currency
Well, i'm gonna propose we make it 1 USD= 1 G, for ease of use.
Will- Economics Administrator
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Re: Day 6 | Unified Currency
Against.
Blakeway4- Technology Administrator
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Re: Day 6 | Unified Currency
You're against the idea of a unified currency?
Will- Economics Administrator
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Re: Day 6 | Unified Currency
Well thats mostly more as a baseline, it can be some other currency, that was just an idea.
Will- Economics Administrator
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Re: Day 6 | Unified Currency
Maybe it should be 1 Galac = 100 dollars instead of 1 Galac = 1 dollar? That way the Galac is worth more
Daniel- Chancellor
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Re: Day 6 | Unified Currency
I agree with Daniel, but it should be optional
Forthwall- Vice-Chancellor
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Re: Day 6 | Unified Currency
In my opinion, the Galac should at least be accepted as a second currency in all worlds (that's just my opinion though)
Daniel- Chancellor
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Re: Day 6 | Unified Currency
It should be just optional, like in other unions
Forthwall- Vice-Chancellor
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Re: Day 6 | Unified Currency
What currencies should the NPCs use? Or should they all use the Galac?
Daniel- Chancellor
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Re: Day 6 | Unified Currency
I think that, unless anyone else objects, it should be [Insert Planet Here] Dollar for all NPP's
Forth: I did explain, from here it looks like everythings on question 4 And also, I expect the Galac to be optional
Forth: I did explain, from here it looks like everythings on question 4 And also, I expect the Galac to be optional
Will- Economics Administrator
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Re: Day 6 | Unified Currency
I think that the NPC planets should all use the Galac
Daniel- Chancellor
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Re: Day 6 | Unified Currency
But then it could seem like they're part of the union... also, It would always be equal to the galac.
Will- Economics Administrator
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Re: Day 6 | Unified Currency
The NPC planets are part of the union
Daniel- Chancellor
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Re: Day 6 | Unified Currency
oooooooooooohhhhh... whoops... well then it's fine with me, if they're part of the union, they should be regulated as any other planet.
Will- Economics Administrator
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Re: Day 6 | Unified Currency
Well, I think everyone should be able to keep and maintain their own currency and exchange rates be brokered between governments under the UPF.
I'd suggest an exchange rate be posted between the different currencies and leave it there, only adding as new civilizations comes. Trying to correlate the exchange rate changes like it does in the real world is a full-time job and unnecessary in our situation.
As for NPC's do they fall under existing governments(players)? if So, let them use the currency that player designates, if not create and individual currency for that union. But as far as a Universal UPF currency, nah, let everyone maintain their own sovereignty.
I'd suggest an exchange rate be posted between the different currencies and leave it there, only adding as new civilizations comes. Trying to correlate the exchange rate changes like it does in the real world is a full-time job and unnecessary in our situation.
As for NPC's do they fall under existing governments(players)? if So, let them use the currency that player designates, if not create and individual currency for that union. But as far as a Universal UPF currency, nah, let everyone maintain their own sovereignty.
#1SithLord- Observer
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Re: Day 6 | Unified Currency
There is nothing in place against having different currencies and domestic currencies, I have plenty on Caleia, the AC Dollar, Jungoe, etc. The plan appears to have a universally accepted currency, that would be a more proper term really, not "unified currency," because there are no plans I'm aware of (as economics minister) to mandate the exclusive use of the Galac.
As for NPP's (NPC is non player Country, so I prefer to say NPP) They're under universal jurisdiction, no single member has an individual say over their affairs.
As for NPP's (NPC is non player Country, so I prefer to say NPP) They're under universal jurisdiction, no single member has an individual say over their affairs.
Will- Economics Administrator
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