Greeting's fellow state,
I have a proposal, which I plan on enacting through the role playing (because the WA won’t technically accept it). I would like to bring it here first to see how much traction it can gain, and how people react to it. My proposal is basically a NS Central Bank. It would first acknowledge 5 regional currencies (by application process) (more could be added later by more applications), and those would them get set conversion rates to NSD (starting at a 1-1 rate). Those regional governments would then purchase either commodities from companies within their region amounting to no more than 10,000 NSD. Every NSD after that will begin to depreciate their currency. However, whenever someone transfers currency from one dollar to another, the value of the new dollar will increase. For example, if someone within the SIR chose to spend 1 crown within The Black Hawks region (or purchase something within that region), The Black Hawks can make it mandatory to only purchase in TBH currency (pro's and cons of this can be discussed later). If they still go through with the purchase, then the value of TBH goes up, because people want it more, and the value of the SIR crown will be slightly lowered because less people want it, and there is less money in the system. It involves incredibly complicated algorithms and formulas which I am still currently editing (and would like some help with that, so please telegraph me if you can help), but all purchases within the Global Economics and Trade Forum would be fine, as long as someone notifies the central bank of the purchase. In addition, regions would need to make the central bank aware whenever they either buy back currency from citizens (making the currency worth more), or when they print currency (making it worth less). Our methods of contact would be through the nations region. What we have is a small site, with a password, and we have two ways of making this work. For the regions that fully trust the central bank, they can simply have nations individually send us records of official transactions (RP of course), and we would keep track of how much money they have. For those who don’t trust us, they can create a copy of the spreadsheet, and track their region themselves, and then send us a monthly update of the spreadsheet. We update the currency exchange rates and values every month as well. These are all in order to make sure that we are all on the same page, that way the trades actually mean something. I am more than open to suggestions, and, in addition, I am trying to simply make it so that we can keep track of how much money is actually out there.
Moreover, I am also keeping track of a registry for businesses which will keep them accountable to how much they are buying/selling, and how much it all costs (in order to make sure people are buying things with money they don't have.
To start, I would like regions who are interested in joining to simply post a comment with
Region Name:
# of Nations in region:
Official Currency of Region:
In addition, I am looking for a group of 10 nations who have moderate to plentiful game experience to help me run/operate this central bank. Please send me a telegraph if interested, or simply comment on this post.
This will revolutionize the game, and make the economics part actually matter. Please comment or send me a telegraph.
