What backs your nation's currency?

A place to put national factbooks, embassy exchanges, and other information regarding the nations of the world. [In character]

What backs your nation's currency?

1) A reserve of precious metals (gold, silver, etc.).
2) The good faith and credit of my nation (fiat currency).
3) The value of my nation's currency is pegged or linked to another nation's currency.
4) My nation has adopted the currency of another nation as it's official currency.
5) My nation does not have a currency (barter system, communist-style distribution system, non-transferable credit system, etc.).
6) My nation allows private money, including cybercurrencies, and has no official national currency.
7) Other (please explain).
Total votes : 339

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The Natufian Nation
Posts: 68
Founded: Jul 09, 2017
Libertarian Police State

What backs your nation's currency?

Postby The Natufian Nation » Sat Jul 27, 2019 7:14 pm

For The Natufian Nation, the Uki is a fiat currency with a central bank managing money supply to stabilize the value. The government also tends to run a small budget surplus which helps. We are not a mineral-rich nation and have little mining activity so it is impractical to put the Uki on a gold standard unless we trade for the gold; not an attractive proposition for the government. There has been talk of pegging the Uki to the currency of one of our richer trading partners but this has little serious traction so far.

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Posts: 4811
Founded: May 23, 2019

Postby Pacomia » Sat Jul 27, 2019 7:18 pm

Basically like American currency- If people have faith that it’s worth something, then it’s worth something. Inflation and deflation still exist, but not because core beliefs change.
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Civil Servant
Posts: 9
Founded: Mar 09, 2019
New York Times Democracy

Postby Kamotel » Sat Jul 27, 2019 7:18 pm

The Kamot pound is a fiat currency not backed by any commodity.

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Posts: 9785
Founded: Sep 23, 2008
Civil Rights Lovefest

Postby Gandoor » Sat Jul 27, 2019 8:32 pm

The gdyn is a fiat currency and has not been backed by any commodity since our nation left the gold standard in the early 20th century.
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Posts: 1778
Founded: Feb 11, 2019
New York Times Democracy

Postby Drongonia » Sat Jul 27, 2019 8:39 pm

The Drongonian Dollar is a fiat currency, not backed by a commodity. Our currency was founded as fiat and has never been representative.
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Posts: 57
Founded: Jun 17, 2019
Democratic Socialists

Postby Droiden » Sat Jul 27, 2019 11:32 pm

The Crubenat is made with a thin sheet of whatever material it is made of. The faces are actually carved on the Crube, not printed
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Achaean Republic
Chargé d'Affaires
Posts: 488
Founded: May 26, 2019
Civil Rights Lovefest

Postby Achaean Republic » Sun Jul 28, 2019 12:56 am

The Achaean corcino was backed by different standards throughout its history:

1789-1791: Spanish real, gold
1791-1792: Acayanos, gold
1792-1800: Peseta acayana, gold
1800-1829: Nueva peseta acayana (new Achaean peseta), silver
1829-1833: Nueva peseta real acayana, silver and gold
1833-1933: Peso acayano, silver and gold
1933-1935: Peso de transación acayano (Achaean transitional peso), fiat
1935-Present: Corcino, fiat

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Posts: 8193
Founded: Oct 25, 2011

Postby Radiatia » Sun Jul 28, 2019 1:12 am

The Tsenyen is a fiat currency. There have been calls to adopt the gold standard or even to link it to a commodity like oil, but so far such calls have been rejected.

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The Chuck
Posts: 3267
Founded: Apr 18, 2018
Capitalist Paradise

Postby The Chuck » Sun Jul 28, 2019 1:16 am

The Chuckian Argentum is a commodity currency that is backed by Gold, Silver, and Platinum.
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Posts: 578
Founded: May 09, 2008

Postby Exxosia » Sun Jul 28, 2019 1:24 am

The Xosar is an atomic credit based system. The amount of currency is tied to the amount of human-accessible matter as measured by hydrogen atom weight units.

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Posts: 7998
Founded: Feb 09, 2013

Postby Zhouran » Sun Jul 28, 2019 1:50 am

Last edited by Zhouran on Tue Jun 01, 2021 5:33 pm, edited 1 time in total.

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Chargé d'Affaires
Posts: 467
Founded: Mar 01, 2016
Democratic Socialists

Postby Aldina » Sun Jul 28, 2019 2:50 am

The Aldish liber is a fiat currency, and has been so ever since the convertibility of libers to sterling silver was suspended indefinitely in 1930. (Yes, this does mean Aldina went straight from the silver standard to fiat money, skipping the gold standard entirely.)
Last edited by Aldina on Sun Sep 12, 2021 7:33 am, edited 1 time in total.
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Great Nortend
Posts: 1527
Founded: Jul 08, 2017
Iron Fist Consumerists

Postby Great Nortend » Sun Jul 28, 2019 4:58 am

The pound marten is a floating commodity money, based on the average market prices for a number of commodities, including inter alia silver, gold, copper and iron. Control over the supply of currency means that the official target of 0 per cent inflation is mostly achieved. Coins are made of bronze, silver and gold, and bronze and gold coins may be converted into silver coins per their exchange rate. Notes may be redeemed for their value in silver. Despite this, the face value of coins is often up to two times of their quantity of metal, and so it is uneconomical for use as bullion.
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Chargé d'Affaires
Posts: 498
Founded: Dec 18, 2018

Postby Yuyencia » Sun Jul 28, 2019 5:43 am

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The Wrestling Ring
Posts: 14
Founded: Jan 13, 2007

Postby The Wrestling Ring » Sun Jul 28, 2019 5:46 am

The drawing power of our wrestlers.
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The Glass Oasis
Posts: 102
Founded: Jun 20, 2019

Postby The Glass Oasis » Sun Jul 28, 2019 6:34 am

The newbuck [NB] is part cybercurrency, but physical coins do exist as well, though not extremely common, and produced infrequently.
Because of this, and also being ahead of OOC Earth time, newbucks can be almost-magically exchanged from physical and digital (though it’s more difficult if digital to physical).
(Edit: Would be (new edit: maybe) at least partly private currency if a bit more closer to the canon Slime Rancher universe, but nah.)

(Yes, lucky slimes just so happen to produce newbucks, but you can also delete your own newbucks that are digital (and obviously just throwing physical newbucks into something destructive works too), to combat economic inflation.)

One Glassian Newbuck (GON) is worth 0.36 NSD.
One newcent [NC] is equivalent to 0.01 NB, basically how pennies are to dollars (though not inefficient).
Last edited by The Glass Oasis on Wed Sep 04, 2019 6:07 am, edited 3 times in total.
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Democratic Republic of Eiria
Posts: 218
Founded: May 07, 2018
Liberal Democratic Socialists

Postby Democratic Republic of Eiria » Sun Jul 28, 2019 7:53 am

The Lunen is a Fiat Currency, after leaving the Precious Metal Program in 1939, after the start of World War Two.
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Posts: 46
Founded: May 27, 2019

Postby Valloire » Sun Jul 28, 2019 9:18 am

The Vallois Lire is a a fiat currency with a free floating value since Valloire dropped the gold standard in 1969. However, its value relative other currencies does play a role in setting monetary policy.
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Founded: Apr 17, 2018

Postby Lillorainen » Sun Jul 28, 2019 10:38 am

The Lillorainian Mark uses a mixed system. While the Gold Standard/RS is a thing to a degree, the value of the Mark is also adjusted to the general populace's trust (usually very high), to the acute need of more or less money in circulation, as well as to the value of other currencies.
The National Bank of Lillorainen is nationalized, to align the monetary policy with the general needs.
Last edited by Lillorainen on Fri Aug 02, 2019 12:21 pm, edited 2 times in total.
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Civil Servant
Posts: 8
Founded: Jul 27, 2019

Postby Gaeilia-Brithon » Sun Jul 28, 2019 11:25 am

The Ouar (literally gold in the Synthesis Celtic Language) is actually backed by quantities of a few precious metals. Gaeilia-Brithon-Iberi operates by market socialism and has strong protections for it's countryside that operates more like distributism, where barter is common over use of the Ouar.
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Posts: 1849
Founded: Dec 22, 2011
Capitalist Paradise

Postby Aikoland » Sun Jul 28, 2019 1:02 pm

The Aikolandais franc is a fiat currency and has been since our nation officially left the gold standard in 1938.
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Government Type: Parliamentary constitutional monarchy
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Khan of Spam
Posts: 68997
Founded: Oct 07, 2011
New York Times Democracy

Postby Thermodolia » Sun Jul 28, 2019 7:49 pm

The Therma is a fiat currency however it is backed by substantial reserves of valuable minerals and trade
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Harmonic Empire
Posts: 798
Founded: Mar 17, 2017
Corporate Police State

Postby Harmonic Empire » Sun Jul 28, 2019 10:11 pm

The Cepel is a fiat currency that is backed by Westmarch-Eastmarch old currency (Gold, Silver, and other precious metal)
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Grosscobra Reich
Posts: 21
Founded: Dec 07, 2018
Inoffensive Centrist Democracy

Postby Grosscobra Reich » Sun Jul 28, 2019 10:13 pm

My Reichseuro uses gold and silver too as its commodity.
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Re: What backs your nation's currency?

Postby Yohannes » Mon Jul 29, 2019 12:14 pm

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