Day 6 | Unified Currency

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Day 6 | Unified Currency

Post by Forthwall on Sat Oct 01, 2011 11:41 pm

Before anyone posts, I would like will to explain Razz
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Re: Day 6 | Unified Currency

Post by Will on Sat Oct 01, 2011 11:56 pm

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

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Re: Day 6 | Unified Currency

Post by Daniel on Sun Oct 02, 2011 12:39 am

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 Smile
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Re: Day 6 | Unified Currency

Post by Will on Sun Oct 02, 2011 12:51 am

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,

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Re: Day 6 | Unified Currency

Post by Daniel on Sun Oct 02, 2011 1:37 pm

Boneila doesn't have any currency but the unfied one, as it's better for business that way Razz
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Re: Day 6 | Unified Currency

Post by Will on Sun Oct 02, 2011 6:44 pm

Well, i'm gonna propose we make it 1 USD= 1 G, for ease of use.

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Re: Day 6 | Unified Currency

Post by Blakeway4 on Mon Oct 03, 2011 2:01 am

Against.
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Re: Day 6 | Unified Currency

Post by Will on Mon Oct 03, 2011 2:26 am

You're against the idea of a unified currency?

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Re: Day 6 | Unified Currency

Post by Huston on Mon Oct 03, 2011 1:41 pm

No, probably that it is equal to the US Dollar...
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Re: Day 6 | Unified Currency

Post by Will on Mon Oct 03, 2011 3:41 pm

Well thats mostly more as a baseline, it can be some other currency, that was just an idea.

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Re: Day 6 | Unified Currency

Post by Daniel on Mon Oct 03, 2011 8:17 pm

Maybe it should be 1 Galac = 100 dollars instead of 1 Galac = 1 dollar? That way the Galac is worth more Smile
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Re: Day 6 | Unified Currency

Post by Forthwall on Tue Oct 04, 2011 7:32 am

I agree with Daniel, but it should be optional
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Re: Day 6 | Unified Currency

Post by Daniel on Tue Oct 04, 2011 10:33 am

In my opinion, the Galac should at least be accepted as a second currency in all worlds (that's just my opinion though)
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Re: Day 6 | Unified Currency

Post by Forthwall on Sun Oct 09, 2011 5:25 am

It should be just optional, like in other unions
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Re: Day 6 | Unified Currency

Post by Daniel on Sun Oct 09, 2011 1:38 pm

What currencies should the NPCs use? Or should they all use the Galac?
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Re: Day 6 | Unified Currency

Post by Will on Sun Oct 09, 2011 5:28 pm

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 Razz And also, I expect the Galac to be optional Smile

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Re: Day 6 | Unified Currency

Post by Daniel on Sun Oct 09, 2011 10:08 pm

I think that the NPC planets should all use the Galac Razz
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Re: Day 6 | Unified Currency

Post by Will on Sun Oct 09, 2011 10:33 pm

But then it could seem like they're part of the union... also, It would always be equal to the galac.

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Re: Day 6 | Unified Currency

Post by Daniel on Mon Oct 10, 2011 2:24 am

The NPC planets are part of the union Razz
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Re: Day 6 | Unified Currency

Post by Will on Mon Oct 10, 2011 2:55 am

oooooooooooohhhhh... whoops... well then it's fine with me, if they're part of the union, they should be regulated as any other planet.

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Re: Day 6 | Unified Currency

Post by #1SithLord on Sat Oct 15, 2011 5:26 am

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.
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Re: Day 6 | Unified Currency

Post by Will on Sat Oct 15, 2011 6:41 am

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.

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