NationStates Jolt Archive

Official Allanean Government Announcement

Due to recent fluctuations of the prices of the Allanean Dollar and massive citizen protest, the Allanean government will begin replacing it's (gold-backed) currency with gold one, as described below. There will be a one-year period duirng which Allaneans and others (OOC: yes, even those already holding 01 dollars) will be able to redeem their Allanean dollars in gold as listed below. After it ends, the paper notes will no longer have legal tender and will be perfectly worthless. Private currency may, of course, be used as definded by law. Enjoy:

The basic coin, the Allanean dollar, is a small transparent plastic coin. Inside the plastic, a thin sheet of gold rests. The gold weighs 0.165 grams of gold. The value of the coin is equal, at all times, to the value of that gold. The government stamp and denomination etched on the coin only serves to prove that is does, indeed, contain that amount. Small change is similar transparent coin, containing even thinner, 0.0315 and 0.0165 gold sheets.
Further in value is the 10-dollar coin, which contains 1.65 grams of gold. However, at the 20 dollar level, it starts getting interesting. Currency starting at 20 dolars is a piece of gold in a transparent card with the government stamp on it.
The weight is as follows:

3.15 grams = 20 Allanean dollars.
7.95 grams = 50 Allanean Dollars
16.5 grams = 100 Allanean Dollars
31.5 grams = 200 Allanean Dollars

One side of the gold piece inside the plastic features it's value and a unique number, the other, the face of a famous political leader (Alexander Kazansky, Richard Pipes, Ayn Rand and Thomas Jefferson). The faces of the leaders take one square inch of space each. The rest of the space is free for advertisements. On the coins, one side is free for advertisement, and the other bear the value of the coin.

The advertisement costs are as follows

On coins up to 1 dollar in value

500 dollars for printing the logo on the first 1,000 coins, 70 allanean dollars for each 1,000 coins thereafter.

On 10-dollar coin

300 dollars for printing the logo on the first 1,000 coins, 50 allanean dollars for each 1,000 coins thereafter.

On 20-dolar cards

250 dollars for printing the logo on the first 1,000 cards, 30 allanean dollars for each 1,000 cards thereafter.


On 50-dollar cards

20 dollars for printing the logo on the first 1,000 cards, 25 allanean dollars for each 1,000 cards thereafter.


On 100-dollar cards

150 dollars for printing the logo on the first 1,000 cards, 15 allanean dollars for each 1,000 cards thereafter.


On 200-dolar cards

100 dollars for printing the logo on the first 1,000 cards, 10 allanean dollars for each 1,000 cards thereafter.

Those prices assume a logo of about 1 square inch in size. Larger logos = more money.
One may also make advertisments (on cards) for 25% of the named price, but then we'll place several other logos on the same card, too.

Example of a card with a corporate logo.
http://www.olegvolk.net/gallery/album18/ingotcard

The Allanean government will accept in payment only gold, gold-backed currency, and stock in active businesses. Fiat currency is not accepted.

Several days after the declaration, the first major transaction in the new currency is completed - namely, the Allanean Bank purchasing 28 kilograms of mithril for 1,635,000 AD from Menelmacar - the first nation to recognise the new currency. The money was delivered, in cash, via helicopter.

OOC: Tut tut, Mithril's worth far more than that. 228.9 KG of gold? 7,359 Troy Ounces (the reserves are valued at the rates stated in U.S. Code Title 31, Sections 5116 and 5117 (statutory rates) which are $42.2222 per Fine Troy Ounce (FTO) of gold) (http://www.usmint.gov/about_the_mint/annual_report/index.cfm?flash=no&action=schedule_00_ann_rpt) = $309,078 (Low end)

$273.65 per FTO (market value) = 2,013,790.35 USD

You think that's the value of the Shire? Siri's been utterly ripped off there. That's about the value of a mithril bracelet.

*plays with a 1-kg piece of Mithril*

Ah well.... Free market, ya know...

*plays with a 1-kg piece of Mithril*

Ah well.... Free market, ya know...
Might want to clear a purchase from Siri, with... ya know... Siri.

And since she's all but at war with you, I don't think she'd be particularly willing...

reference: http://forums2.jolt.co.uk/showthread.php?t=340363&page=1&pp=15

Haki Sveri did not join the demonstrations and the flurry of activities in Allanea, his job was to remain in 'the Rejis' ("rejis'tan" is a common expression for "rejistaniha") and fight from there. there are many things which are easier to fight from a certain distance... justice systems for example. It is a good idea to be in the Rejis to organise lawyers to free prisoners after demonstrations or... well, activities. The news about the gold standard of the Allanean currency were one of the top news in TV-R (which was mainly because the Orange-Blues were auto-qualified for World Cup 16 and parliament had no major crisis this week). The strange idea of having corporations advertising on coins and having pretty heavy 'cards' instead of banknotes with many zeroes sounded a bit... uncommon to him. Rejistanian lil'kansu'ny are rather small banknotes in all colors of the rainbow. Suddently he had an idea... not everyone goes to certain places... not everyone reads the newspapers... but EVERYONE spends money! Two days and some discussions later, ligat veran rejistaniha agreed on a unpredeceeded step: they spent 22 million lil'kansu'ny (OOC: which is 20,000 USD or 10,000 allanean dollars) to have the slogan "Protect the environment - for your children" on 991,000 allanean 1 dollar coins. Due to the lil'kansu being fiat currency (despite the name "having value", rejistanian economists follow the concept of 'sane inflation') the transaction was done in Menelmacari credits.

OOC: Allanea, IRC. Now.

We approve of this move and will be doing more business with Allanea after this good currency change.

God bless

. . . o...k ?

Might want to clear a purchase from Siri, with... ya know... Siri.

And since she's all but at war with you, I don't think she'd be particularly willing...


It has been cleared on IRC.

We're working it out right now.

We regret to inform the Allanean government that the individual they were speaking with at the Prefecture of Trade accidentally quoted them yesterday's closing price for technetium, which was approximately $59 per gram in Allanean currency, which is in fact a five-year high for that commodity. That individual has since been told to seek new employment.

The actual value of the order placed by the Allanean government is $9,822,105.26 in Allanean currency at current exchange rates; mithril closed yesterday at almost exactly 10,000 M€ per troy ounce.

Of course, the Menelmacari government has no intention of defrauding the Allanean government, and should the correct price be too high for their tastes, we will refund the currency already sent in full. Otherwise, we would request they pay the balance of AL$8,187,105.26 so we can expedite the shipment as soon as possible.

We apologize for any confusion or inconvenience this may have caused.

Sincerely,
~Lady Serindë nos Eärendil,
Prefect of Trade, Eternal Noldorin Empire of Menelmacar

[b]Official response of the Allanean Government

In that case, we wonder if you're capable of taking delivery of slightly over 1.5 tons of gold.

Official Response to the Rejistanians

Apparently, the Menelmacari credit is fiat currency as well. Please review our new price scheme.