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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]

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What backs your nation's currency?

1) A reserve of precious metals (gold, silver, etc.).
106
29%
2) The good faith and credit of my nation (fiat currency).
152
42%
3) The value of my nation's currency is pegged or linked to another nation's currency.
13
4%
4) My nation has adopted the currency of another nation as it's official currency.
6
2%
5) My nation does not have a currency (barter system, communist-style distribution system, non-transferable credit system, etc.).
25
7%
6) My nation allows private money, including cybercurrencies, and has no official national currency.
14
4%
7) Other (please explain).
46
13%
 
Total votes : 362

User avatar
US of-A
Secretary
 
Posts: 30
Founded: Mar 14, 2021
Ex-Nation

Postby US of-A » Sun Dec 12, 2021 5:54 pm

Gold

User avatar
New Ulsan
Secretary
 
Posts: 31
Founded: May 21, 2020
Ex-Nation

Postby New Ulsan » Mon Dec 13, 2021 12:37 pm

Also gold in here.
Why don't you come to New Ulsan? We've got weed and Fennecs.


If you see being political, know that I barely know about politics. I'm learning at snail pace, so don't take me too seriously. I'm doing my best <:
By the way, I don't care about your political discussions. Fxck off.



User avatar
Bagong Luzon
Envoy
 
Posts: 329
Founded: Jan 30, 2018
Iron Fist Consumerists

Postby Bagong Luzon » Sat Jan 08, 2022 7:17 am

The New Philippine Peso (NPP) is backed by the full faith and credit of His Philippine Majesty's Government. It is not pegged to another currency.

The Royal Bank, which serves as the Central Bank for the Kingdom, maintains a gold reserve in the event of relevant emergencies.
Puppet of the New Visayan Islands, typically used for fluff purposes.

Naturally, this does not represent my actual beliefs.

User avatar
Tekatus
Bureaucrat
 
Posts: 60
Founded: Dec 25, 2021
Democratic Socialists

Postby Tekatus » Mon Jan 10, 2022 12:29 pm

The Tekata Nova is an energy-backed currency, primarily exists as a digital cybercurrency, but physical Polymer bills and even coins are minted as a sort of backup, in case some terrible disaster or hacker attack happens.
Tekatus News Network
/// High Directorate Swears to redouble efforts to build a more human friendly settlement for humans, offering refugees from far away asylum./// Sentinels have been called in response to increasing Anti-Human Protests. The protests themselves a response to the High Directorate’s proclamation. “We will not Serve.” Said one Protester, while blocking off access to a local tram-station./// Self-Proclaimed ‘Virtualist’ Citizen starts petition for a new ‘Virtual City for Virtual Citizens’./// Severe Lightning Storm causes damage to power systems in Urbani, Brownouts and energy shortages to be expected in the following weeks.///

User avatar
Lamrac
Attaché
 
Posts: 84
Founded: Jun 15, 2021
Ex-Nation

Postby Lamrac » Mon Jan 10, 2022 2:00 pm

Our currency is pegged to the U.S. dollar of old.
As a nation in the 2040's where the USA dissolved into civil way following the 2020 Election, Our territory consists of Indiana, Michigan, Minnesota and Wisconsin.
Federal Republic of Lamrac.
duc per exemplum
Home
Factbook
Embassy Program
(OOC: Biden won his 306 electors fair and square. Lamrac is from an alternate timeline where he did steal the election and managed to "win" all 538 electors.)

User avatar
Tangatarehua
Ambassador
 
Posts: 1221
Founded: Sep 22, 2021
Mother Knows Best State

Postby Tangatarehua » Tue Jan 11, 2022 8:52 pm

Historically the kohatu was pegged to the value of greenstone however since 1982 it has officially been a floating fiat currency - although in actuality it closer resembles a crawling peg or managed float system, with the Imperial Reserve buying and selling kohatus to ensure its value remains low compared to, especially, the US dollar in order to spur a competitive advantage in the export market.
The Empire of Tangatarehua/Te Rangatiratanga o Tangatarehua
Factbook | Constitution | History | Embassies | You know you're from Tangatarehua when... | Q&A | Tangatarehua: All Endings | Faces of Tangatarehua

1 May 2024
News: Restauranteur fined $100 after serving human meat to customers | Imperial Tangatarehua Health System blasted over "dangerously long" waiting times | Latest financial report shows inflation down, unemployment up | Weather: Tamaki  ☀ 20°C | Whakaara ☁ 15°C | Wharekorana ☁ 17°C | Kaiika ☁ 29°C | Kotiropai ☀ 20°C | Rakipa ☀ 21°C |  Kaitohura ☀ 14°C

NS stats should be taken with a grain of salt completely ignored. Please consult factbooks instead.

User avatar
Prymordiya
Lobbyist
 
Posts: 22
Founded: Oct 09, 2021
Democratic Socialists

Postby Prymordiya » Tue Jan 18, 2022 12:31 am

The previous currency, the Emyra, was in use for over 29 centuries. It was backed by, and made of, gold for most of that time until the coin's material was switched to platinum. It was phased out after 2908 years in favor the new Imperial Credit.

2206-703: Gold, later Platinum
703-1703: Gold & Silver
1703-1901: Fiat
1902-Present: Prymordiya's total gemstone & mineral wealth

User avatar
The Greater Russian Domain
Bureaucrat
 
Posts: 54
Founded: Jan 13, 2022
Ex-Nation

Postby The Greater Russian Domain » Sun Jan 23, 2022 11:09 pm

The Imperial Ruble is based on a Bimetallic standard of Silver and Gold.
The Russian Empire
Российская Империя
Rossiyskaya Imperiya
Current Tsar: Kirill I Romanov (b. 1938, r. 1972-)

Current-Day Alternate history: Minor discrepancies with European dynasties beginning in the late 1700s, with major historical divergences from 1821 onward. The Russian Empire flourished in the 1800s, due to earlier emancipation and the sudden collapse of the UK, and is now the world's leading superpower, in a cold war with a syndicalist US.
Uses NS Stats? No
OOC would like nation irl? Yes

User avatar
Lisander
Minister
 
Posts: 2267
Founded: Feb 09, 2013
New York Times Democracy

Postby Lisander » Mon Jan 24, 2022 2:06 pm

The Lisanderian Lis exchange is a floating currency, linked to the NationStates Dollar by convenience of market (after all it doubles the common currency in intrinsic value) and using it as an intermediary currency for exchange. Its value floats based on the reports of World Census. Currently, 1 Lis equals $1.9855.

After all, what's the fun of playing this shit if you don't use the game's stats?
Last edited by Lisander on Fri Jan 28, 2022 5:10 am, edited 3 times in total.
The Principality of Lisander, a sports loving, very highly developed nation in Astyria.
Disappointing people and missing deadlines since 2013.

User avatar
Batea del Nord
Envoy
 
Posts: 263
Founded: Dec 07, 2015
Anarchy

Postby Batea del Nord » Wed Jan 26, 2022 1:26 am

As most modern economies or currency is a fiat one.

User avatar
Nova Tero
Bureaucrat
 
Posts: 49
Founded: Nov 26, 2021
Left-wing Utopia

Postby Nova Tero » Wed Jan 26, 2022 1:45 am

The Nova Tero valuto is a fiat currency, of which value is guaranteed by the Nova Tero Monetary Bureau, the central bank and financial regulator of Nova Tero.
Last edited by Nova Tero on Sun Feb 06, 2022 6:54 am, edited 1 time in total.
Republic of Nova Tero: an archipelagic island nation on the southern Atlantic Ocean.
Union of Nova Universo: a supranational union of ten polities in Earth, Heimat and the Universe.
Union:
Nation:

User avatar
-Terrapacis-
Spokesperson
 
Posts: 162
Founded: Jan 21, 2022
Civil Rights Lovefest

Postby -Terrapacis- » Fri Jan 28, 2022 3:22 am

The Terrapacisian dollar is a fiat currency aid backed by the faith and credit of the Socialist Federation of Terrapacis.
★Socialist Federation of Terrapacis★
A small decentralized federation in North America founded upon the ideals of libertarian socialism
☆彡Overview|Q&A☆彡
Government Type: Nonpartisan federal democratic republic
Economic System: Decentralized market socialism
Population: 2.7 million
Brought to you by the woman behind Gandoor
Unlike Gandoor, this nation actually does mostly represent my actual views.

User avatar
Edentern
Civil Servant
 
Posts: 9
Founded: Jan 23, 2022
Ex-Nation

Postby Edentern » Fri Jan 28, 2022 3:33 am

The Edenist International does not have a monetary economy, instead utilising a system of material planning to organise the productive process and the distribution of its fruits. The economy is organised in accordance with the principle of from each according to their ability, to each according to their need, meaning that the collective social products are distributed throughout society in accordance with the needs and desires of individuals, society and the biosphere.
⚙ ☭ ⚙ The Edenist International ⚙ ☭ ⚙
International socialist bloc arrayed against the hordes of capital in the midst of a rapidly collapsing biosphere. Welcome to 2100.

User avatar
Tajijstan
Spokesperson
 
Posts: 115
Founded: Jan 17, 2022
Left-wing Utopia

Postby Tajijstan » Fri Jan 28, 2022 3:38 am

Fiat currency for the win!
Used to be 1 gram of gold equals 1.00 Kristen
TNNI announces reopening of "Chicken Coop", Tajinstans first nuclear reactor
Androvia Tamien appointed as deputy PM

Current Ruling Party: FRP-TPP-TCPP-FP

User avatar
Cosnicu
Spokesperson
 
Posts: 124
Founded: Mar 23, 2021
Ex-Nation

Postby Cosnicu » Fri Jan 28, 2022 4:10 pm

Cosnicu's currency is almost exclusively electronic. Banknotes exist (largely in museums), but none have been used in cosnicu for several decades. Coins (also mostly in museums) were phased out in the last 30 years. all citizen's have an electronic system that manages their wealth and UBI as part of their PIGs (Private/Public Identity aGgregator) PIGs serve the roles of maintaining secure systems. This means that all Cosnicu, once of age, are given a PIG and immidiately registered to vote, notified about all government changes, suggested budgets, granted UBI, and managenemt of wealth. It also allows everyone who is old enough to work to apply for liscensings which can vary from drivers liscences (cosnicu's driving tests and requirements are however draconian and used to ensure maximum safety when in foreign nations, which most of cosnicu's eighbors do use automobiles) to college degrees. It can also allow them to apply do additional studies, trades, or apply to jobs.
"that nation would probably be violent" (looks at cosnicu's pacisivism score)
"that nation is right wing" (looks at Cosnicu's form of governance)
"that nation looks like its straight out of a comic book" (Olkay. this one is technichally right, but i didnt recognize it at first)
"that nation is a corrupt dictatorship" (looks at Cosnicu's political freedom and integrity scores)
"that nation is scientifically advanced" (finally)
...just the typical day on forum 7

User avatar
Countesia
Ambassador
 
Posts: 1949
Founded: Oct 10, 2019
Civil Rights Lovefest

Postby Countesia » Fri Jan 28, 2022 5:00 pm

the Countesian Dime was backed by the nations gold and silver reserve until 1975 when it became backed by good faith in the Countesian Economy. In 2015, the Countesian Dime was put out of circulation in 2015 when the Countesian economy transitioned into a cashless economy and the Credit (cr) became the sole legal tender in Countesia. It is still backed by good faith.

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