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| Universal Currency; The U$ | |||
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| Topic Started: 17th October 2013 - 07:37 AM (1,352 Views) | |||
| adamsneeka | 17th October 2013 - 07:37 AM Post #1 | ||
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Count Sneekula
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Kazarovia proposes the use of a universal currency to which all national currencies can be translated this currency which we have named "Universal Standard Dollar" or "U$" will be equal to $1 as shown in each nations Economic Details Section of "NSTracker" This U$ will not supersede the local currency of each nation but serve as a tool to facilitate even and fair trade between nations. Kazarovia is also pleased to announce the New Symbol for it's own currency, the Sneeka which shall now be shown as "Sn$" or "SN$' Ryuuma Oshida Minister - Foreign Affairs Armed Rep. of Kazarovia Edited by adamsneeka, 17th October 2013 - 08:46 PM.
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![]() ![]() :Founding Member: ..... }- TIO Cartographer, TIO Economist -{ | |||
| Beatrice | 17th October 2013 - 08:00 AM Post #2 | ||
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![]() The First Empire of Neo Rokkenjima supports this proposal. Furthermore the currency of the First Empire shall henceforth be known as the "Rokkenjima Ducat", the symbol of which shall be: ŕđ That is all. Lady Beatrice I |
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| Bechstein | 17th October 2013 - 08:51 AM Post #3 | ||
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Bechstein, mainly the elite class of the nation, does not endorse this proposal. However, I hold no qualms as to having the other nations of the world hold a common currency. Thus, the Ivory Key remains the national currency of Bechstein. Edited by Bechstein, 17th October 2013 - 08:51 AM.
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The Piano Manufacturers of Bechstein Sign of Approval <.> DISCLAIMER
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| Narrahivoo | 22nd October 2013 - 12:05 AM Post #4 | ||
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The people of Narrahivoo approve of the use of the U$ on a regional level. The financial note shall remain the standard currency on the national level. | ||
| Rurale | 23rd October 2013 - 03:09 AM Post #5 | ||
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The Allied States regret to inform the Regional Assembly that we do not support the Universal Currency proposal. Ruralegian Currency Exchange offices are more than capable of contending with the expanded burden of increased monetary exchange at our borders, and Our People see no reason to accept a Universal Currency within our boundaries at this time. The Allied States do not, however, have a problem with the rest of the Region adopting such a currency. |
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| Zhazidum | 23rd October 2013 - 03:13 AM Post #6 | ||
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From the desk of her Eminence the High Tajit of Vherin, It is this one's opinion that a universal trading credit could be of use in facilitating trade between nations. I would suggest that this credit be controlled by a commission of experts drawn from each participating nation. I would also suggest as this credit is to be used for higher level trading that it be kept at a high value to prevent it supplanting internal currencies, I suggest this be achieved by linking the credit to the value of a tonne of a useful material or the average value of a tonne of several materials. I would vote that Wheat, Rice, Coal, Steel, Iron, Copper, Phospherous, or other similar materials be considered. Yours in trust, Hessel Vi Driin, High Tajit of Veherin. May the light of truth enter our lives. |
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| piepender | 24th October 2013 - 01:12 AM Post #7 | ||
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The Holy Empire of Sagrada accepts your proposal for a universal currency. The Holy Coin, worth approximately 2U$ per coin, shall be marked as h¢. | ||
![]() "Nosotros somos sagrados."[RPGData:350|1|25|25|8|8|5|4|None|None|Assassin|0|None|None|0|0|0|0|None|0|None|None] | |||
| Storm Thurmond | 24th October 2013 - 01:18 AM Post #8 | ||
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The United Nations of North America Supports this motion only if we are able to use our currency as well | ||
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-Storm Thurmond 1st Speaker Of The Senate "Russia you take out the IA move the R to the back and bam you got USSR..Mind Blown" "You know Voltaire if you take out the AI and send the RE to the front what do you get... BAM REVOLT LOGIC SON" Emperor of Xnok Proud Member of the PDA Storm Thurmond | |||
| CGJ | 24th October 2013 - 01:40 AM Post #9 | ||
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Franz Kaufmann (1886-1944)
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His Majesty's Government has reviewed the cases for an against a universal currency, and has ultimately rejected the proposal. In order for a universal currency to work, it requires a central commission or government department to set inflation rates, along with all nations to peg their currency to the universal dollar. Pegging a currency results in a reliance upon the central commission or government department to make decisions that should ultimately be made by the sovereign nation. His Majesty's Government will also strongly oppose a universal currency being used as standard within nations. Without a full fiscal, monetary and banking union between nations, a universal currency to the extent of the Euro is ultimately doomed to fail. Dartfordia is proud of our new currency, the Pound, after major reforms to the monetary system. The new system included the creation of the Bank of Dartfordia, who has the responsibility of setting interest rates and the level of inflation. Previously, with the DartMark, this was controlled by central government. |
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| Storm Thurmond | 24th October 2013 - 11:27 PM Post #10 | ||
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Technically at the moment it seems approval to disapproval is 5-4 so does that mean we pass it? | ||
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-Storm Thurmond 1st Speaker Of The Senate "Russia you take out the IA move the R to the back and bam you got USSR..Mind Blown" "You know Voltaire if you take out the AI and send the RE to the front what do you get... BAM REVOLT LOGIC SON" Emperor of Xnok Proud Member of the PDA Storm Thurmond | |||
| piepender | 25th October 2013 - 01:19 AM Post #11 | ||
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It is about half and half currently so I suggest we develop this universal currency more and see how things go. A universal currency would be beneficial, but such a thing cannot be decided for a whole region so easily. | ||
![]() "Nosotros somos sagrados."[RPGData:350|1|25|25|8|8|5|4|None|None|Assassin|0|None|None|0|0|0|0|None|0|None|None] | |||
| adamsneeka | 25th October 2013 - 03:37 AM Post #12 | ||
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Count Sneekula
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The Universal Currency U$ is a tool for trade and does in no way supersede the Local currencies within each Nation Kazarovia still Operates Internally on SN$ those who wish to use U$ are able to. Those nations who do not wish to use it may simply not use it. it is regulated by the use of NStracker that takes information about each nation and shows an exchange rate currently there are SN$2.2930 to every U$1. Kazarovia announces the formation of the Currency and Trade Advisory Organisation, 'CaTAO' Those who wish to join CaTAO may simply send a representative. Kazarovia has Refurbished a building within the Capital region of Myracium to act as headquarters and all expenses relating to your representatives living arrangements in our nation will be absorbed by Kazarovia. The mission of CaTAO will be to facilitate fair and open trade between member nations. Also it is the Goal of CaTAO to abolish 'Underground' or 'Black Market' Trading on a National level and to insure that each member nation is protected by issuing Trade Sanctions against any Nation that trades with Terrorists, or initiates unsanctioned or unwarranted acts of war. CaTAO is an organisation of financial cooperation not Military nor Defensive Cooperation. Kristian Lehmann Minister - Economic Development Armed Rep. of Kazarovia Ryuuma Oshida Minister - Foreign Affairs Armed Rep. of Kazarovia Edited by adamsneeka, 25th October 2013 - 03:39 AM.
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| piepender | 25th October 2013 - 03:48 AM Post #13 | ||
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The Holy Empire of Sagrada shall send a representative to Myracium. It is in our best interests to increase international trade. We look forward to working with the Currency and Trade Advisory Organisation. From the office of Emperor Vaca Santa XVII |
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![]() "Nosotros somos sagrados."[RPGData:350|1|25|25|8|8|5|4|None|None|Assassin|0|None|None|0|0|0|0|None|0|None|None] | |||
| adamsneeka | 25th October 2013 - 06:06 PM Post #14 | ||
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Count Sneekula
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Kazarovia extends its warmest gratitudes to The Holy Empire of Sagrada on it's entry into CaTAO and looks forward to increased trade opportunities between our nations Ryuuma Oshida Minister - Foreign Affairs Armed Rep. of Kazarovia |
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![]() ![]() :Founding Member: ..... }- TIO Cartographer, TIO Economist -{ | |||
| Beatrice | 28th October 2013 - 07:48 AM Post #15 | ||
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The First Empire shall send Madeline Cooper to Myracium in order to represent the First Empire to CaTAO. Lady Beatrice |
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| adamsneeka | 1st November 2013 - 12:29 AM Post #16 | ||
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Count Sneekula
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Kazarovia extends its warmest gratitudes to The First Empire of Neo Rokkenjima on it's entry into CaTAO and looks forward to increased trade opportunities between our nations. We invite all nations to the CaTAO and hope for a future in which all nations of the Independent order can prosper peacefully alongside eachother. Ryuuma Oshida Minister - Foreign Affairs Armed Rep. of Kazarovia |
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| Matthew Vinage | 13th November 2013 - 06:00 PM Post #17 | ||
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OOC: Sorry if this is a gravedig.![]() A Communiqué from the Communist Quinntopia Foreign Affairs Commissariat The People's Paradise of Communist Quinntopia is willing to adopt the Universal Dollar as a currency for trade, but Quinntopia's current national currency, the Communist Credit (abbreviated to C₡), shall remain the national currency of the People's Paradise. The People's Paradise is also interested in joining the Currency and Trade Advisory Organisation, and shall be sending Commissar Tenzin Bronislovas, a Commissar from the Trade Commissariat, to be our representative to the CaTAO. In Solidarity, Andrei Petnov Chief Commissar of the Communist Quinntopia Foreign Affairs Commissariat Edited by Matthew Vinage, 13th November 2013 - 06:00 PM.
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Join the Orderian Progressive Coalition! Factbook of the Grand Republic of Bykrestan Curriculum Vitae
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| adamsneeka | 14th November 2013 - 02:13 AM Post #18 | ||
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Count Sneekula
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Kazarovia extends its warmest gratitudes to The Peoples Paradise of Communist Quinntopia on it's entry into CaTAO and looks forward to increased trade opportunities between our nations. We invite all nations to the CaTAO and hope for a future in which all nations of the Independent order can prosper peacefully alongside eachother. Ryuuma Oshida Minister - Foreign Affairs Armed Rep. of Kazarovia |
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![]() ![]() :Founding Member: ..... }- TIO Cartographer, TIO Economist -{ | |||
| Great Jonathania | 12th January 2014 - 09:06 PM Post #19 | ||
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No. I'm happy with my GJ$ | ||
![]() "May God give us glory."
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| Baal | 11th February 2014 - 01:01 AM Post #20 | ||
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Deputy Finance Syndic Yuichi Teigo had a few questions. "The Federal Republic of Wajin has a few questions before giving an official position.First is whom would be in control of the central bank? What determines the exchange rate of this currency i.e is it a flaoting currency or a fixed one. Also what about fiscal policy, whom would be in control of that aspect?"
Edited by Baal, 11th February 2014 - 08:07 AM.
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| sdoggys | 17th February 2014 - 02:24 AM Post #21 | ||
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Scaliska accepts U$ on trade level, our currency will still be cales; however if the Universal Bank was fixed to where if one nation falls the currency wouldn't affect other nations we would be accepting on a national level as well. | ||
| Narrahivoo | 17th February 2014 - 02:33 AM Post #22 | ||
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After much debate and referendum, Narrahivoo has decided to back out. We are very sorry to inform the region of this news. | ||
| Ivan I | 17th February 2014 - 05:50 AM Post #23 | ||
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The Empire of Verover will not be accepting the use of the U$ due to the massive success of our own currency, the Geld, and to worries that this currency might have an impact on our booming economy. | ||
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| Blue Shadow | 17th February 2014 - 10:36 PM Post #24 | ||
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The Federation of Blue Shadow does not support a universal currency, and will be primarily dealing in its own currency for international trade. We are, however, interested in membership of the CaTAO, and I will be sending my executive assistant to Myracium to represent us. Warm regards, Wilhelm Arber Minister of Finance |
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| Great Jonathania | 18th February 2014 - 01:49 AM Post #25 | ||
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GJ is happy with GJ$. | ||
![]() "May God give us glory."
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