Post by ratbastard on Mar 1, 2010 8:14:31 GMT -5
OK, Quick note: New Alexandria mints its own currency. It primarily takes the form of artificial diamond disks the size and shape of quarters. These coins are sophisticated microchips that contain encrypted code that designate them as currency. The conductive metal used in the microchips colors the coins and designates their value: Platinum is 100 credits, gold is 10, silver is 5 and copper is 1. There are also smaller copper coins in the amounts of .5, .25, .10, .05 and .01 credits. The manufacture of these coins involves a proprietary magic that makes the coins slightly magical (has no effect other than to serve to identify the coins).
New Alexandrian Currency is based on the value of all government holdings, including lands, military equipment, valuable metals and buildings. The encryption is updated every two years and the government makes even trade of currency over 5 years old to get the older coins out of circulation.
As of yet there has been no successful counterfeiting of the currency, but their is a section of the military dedicated to rooting out counterfeiters that has been successful so far at preventing fraud.
There is a great deal of concern that Naruni (or some other foreign power) will eventually hold so much New Alexandrian currency that they will be able to manipulate the economy and through that its political policy. As a result New Alexandria makes its purchases from Naruni primarily through the trading of magical devices and Techno Wizard items in an effort to avoid giving to much of their economy over to the Naruni.
There is an even exchange rate with Japan, South America, Russia, the NGR and England. African and Coalition currency is worth half the price of New Alexandrian coin and while Naruni takes New Alexandrian coins at an even exchange they sell them back to the government at a 100% profit.
New Alexandrian Currency is based on the value of all government holdings, including lands, military equipment, valuable metals and buildings. The encryption is updated every two years and the government makes even trade of currency over 5 years old to get the older coins out of circulation.
As of yet there has been no successful counterfeiting of the currency, but their is a section of the military dedicated to rooting out counterfeiters that has been successful so far at preventing fraud.
There is a great deal of concern that Naruni (or some other foreign power) will eventually hold so much New Alexandrian currency that they will be able to manipulate the economy and through that its political policy. As a result New Alexandria makes its purchases from Naruni primarily through the trading of magical devices and Techno Wizard items in an effort to avoid giving to much of their economy over to the Naruni.
There is an even exchange rate with Japan, South America, Russia, the NGR and England. African and Coalition currency is worth half the price of New Alexandrian coin and while Naruni takes New Alexandrian coins at an even exchange they sell them back to the government at a 100% profit.