Banking and Currency in Your Nation

[Redenstaat]

How are banks and currencies managed in your nation? Although there are banking/payment standards in Redenstaat, there is no national bank or regulatory body (although each canton generally has their own regulatory body/central canton bank). Redenstaat happily allows free-banking, with each canton having their own currency - with individuals/villages/companies being able to make their own as well.

If your nation's currency supply is controlled through a central bank or agency, does this agency try to keep the currency a "hard currency", or "soft currency," and why?

[El Cuscatlan]

In El Cuscatlan, banks are illegal. The currency is managed of National Currency Bureau, and all credits are 0%.

[Radiatia]

Banking and currency in the Radiatian Federation are regulated by a number of authorities, most notably the Reserve Bank of the Radiatian Federation.

For the most part, the Tsenyen is considered and managed as a Hard Currency as it is very important to the Nocturian economy. Furthermore, with Radiatia being the host nation of the Noctur Regional Bank, it is considered important that the nation has a stable, hard currency and a stable fiscal system.

[Lolomz]

the banks on governmental ownership

full economic activity: http://www.broomdces.com/nseconomy/nati ... ion=lolomz

[Meridiani Planum]

We have a free banking system, which is lightly regulated, mainly for visibility of internal operations.

However, we have a single electronic currency that we use to make purchases. That currency is called the libra (£). Banks convert the value in bank accounts into libras when purchases are made.

[Thurask]

Banking and currency is the domain of the Ministry of Finance. They manage rates, determine targets, print bills and mint coins. The Bank of Thurask is entirely owned and operated by the Ministry of Finance.

[Free Republics]

The banking system in the Federation of Free Republics is regulated by the Federation Government. The Government issues the thaler, which is a gold-backed currency. Banks are prohibited from practicing fractional-reserve banking and may not lend deposits without the permission of the account holder. Around 99% of account holders give their bank permission to lend their funds temporarily, as they prefer receiving interest to paying a fee for their savings account.

[Soviet St Petersburg]

Banks are illegal because it is capitalist. Soviet currency is purely in cash only.

[Kwadai]

Our national bank is in the marina, the TIBK

[Urmanian]

We have a free banking system, which is lightly regulated, mainly for visibility of internal operations.

However, we have a single electronic currency that we use to make purchases. That currency is called the libra (£) Interbit. Banks convert the value in bank accounts into libras when purchases are made.

[Jandaria]

Jandaria has a semi-free banking system with banks being regulated by the Ministry of Finance and Industry. There is a single national bank, The Jandari Bank, which creates and distributes our currency, the Jandari Credit. There is an alternative to the Credit, the iCred, an online currency.

[Byzantium Imperium]

All banks in the Roman Empire are state owned and conglomerated beneath the Central Bank of Rome in Ravenna; Roman currency; the Aureus is issued across a variety of mediums from paper bank notes to traditional gold and silver coinage and is maintained as a hard currency by the aforementioned Central Bank.

[Urcea]

While you can read more about it, we have a Department of Treasury and Exchange, which among other things, prints and coins money as well as ensures reserves exist in Provincial banks to cover the banknotes in circulation. As just hinted at, there is no Central Bank or Federal Reserve of Urcea, though Central Banks exist in all fifteen provinces. Monetary policy is conducted by Congress, and in this case the Department of Treasury and Exchange serves as an advisory role.

[Ironcrown]

The Bank of the Crown is the national bank of Ironcrown and the currency is named after the current dynasty, which is the House of Clemins, so currently the national coin is the Clemins

[Atlantae]

Generally our banks are owned by either the government of the planet they are on or by the members of a particularly close and trusting Syndicate. This second type is more similar to a credit union than a bank, and only allows members of the Syndicate and their employees to use their services. These entities are generally used to pool resources for a significant purchase as well.

Privately owned banks are very rare and almost always end with someone throwing a bomb at them. The most common way to store your money is the same way other valuables are stored, a large vault in the basement.

As for currency.

The crystae. Which doesn't exist in a physical form. Rather, all planetary currencies use it as a reference point and are pegged to it. Even though, again, it doesn't physical exist.
Clan Basitii uses Gevrins, which are worth roughly 2.2 crystae and are the most common actual physical currency.

[Lunaka]

Banks are owned by the state. Money is distributed evenly among the population.

[Saurisisia]

Banks in Saurisia are privately-owned, with some common-sense regulation in place but it's not too strict on the banking industry.

[Seiru]

Banks are all state owned, a contrary on what some might think.

[New Event Horizon]

Anything resembling a bank is operated by the New Event Horizon and A.R.C.H.E.N.G.E.L. As for currency, we only use it on interactions with scarcity economies. It is backed by the Diamod, a type of diamond assembled by nanobots that incorporates nanowire as well as buckminsterfullerene into its design. This means you have the hardest structure that can be used in a practical manner as well as a hydrogen fuel cell and a nanowire battery. It is assumed to be quite valuable outside of the ship.

[Kaiserholt]

The Office of Censor handles the minting of all gold coins through the Aerarium. Silver coins are minted by each Patrician Clan based upon standards issued by the Censor. Copper coins are minted by each Equestrian Houses, likewise based upon Censor's standard. Banking is handled by all Clans and Houses.

[Auzkhia]

We only have private banks with mild regulations to make sure banks don't become a burden to the nation.
His Imperial and Royal Majesty's Treasury, administrated by the ministry of finance. controls how the Krone (Kr) is used. We have no central bank. Krone exists in mediums such as paper notes, gold and silver coins, and recently computer data. The Krone is used as the sole legal tender for all public and private debts in this land.

[Novus Niciae]

The treasury ministry controls the currency through the departments of the central bank and the mint.
Banking itself is a government monopoly and runs according to government regulations under the direction of the treasurer.
Our currency is a hard currency backed by trade goods such as rare metals and gems that the government stores in various vaults throughout the republic.
Our currency the credit (Ncr) is an electronic currency which is accessible via Credit cards, these cards are our currency card and also function as universal ID cards and mobile communications devices, the records of the credits themselves are stored on a network of computers throughout the republic and multiple copies are kept as a means of fraud prevention , if one computer is hacked the discrepancy is noted by multiple computers on the network and a sysop is alerted and the records are reverted, there are also numerous other data integrity measures that have been taken to ensure the security of this network.

[Vuzghulia]

In Vuzghulia, banking is often a lethal occupation unless done with extreme conservatism. Playing around with derivatives of risky loans is frowned upon, and authorities are willing to impale first and ask questions later.

Consequently, although there is theoretically a free-banking system, and several entities have the power to print money (and everyone and his grandma could issue metal-backed notes), the dominant money is the Korona printed by His Imperial Majesty the Great King.

At the cost of lives, financial markets are kept calm and stable. And this is acceptable because sometimes people's "rights" are the problem, and then it is appropriate to stomp out those rights, and sometimes people themselves are the problem, and then it is appropriate to stomp out those people.

[Byburn]

All banks are owned by the Party via the Ministry of Finance. The currency is regulated by the National Bank of Byburn, which is also owned by the Ministry of Finance.

[Ceskaria]

Banking is largely managed by the state owned National Bank but there are some smaller private banks in Ceskaria.