NationStates Jolt Archive

The Empire of Youngtung is planning on setting a proposition to the UN for a United Currency in the entire world. The Empire belives that having one currency all over the world, the Earo (eeroh) would speed things up all over the world. There would be no more currency exchanges, no more different tokens, coinage, or bills that wern't worth anything in other nations. It would also speed up business because there would be no transactions from nation to nation. The Empire requests insight on this proposition, we would like to know what the other UN nations think, with enough support, we will take this straight to the UN.

Any proposal implemented by the UN would only effect UN Nations. Therefore, the currency would only be introduced in UN Nations, and would not be the "United Currency in the entire world" that you hope for.

The Empire of Youngtung is planning on setting a proposition to the UN for a United Currency in the entire world. The Empire belives that having one currency all over the world, the Earo (eeroh) would speed things up all over the world. There would be no more currency exchanges, no more different tokens, coinage, or bills that wern't worth anything in other nations. It would also speed up business because there would be no transactions from nation to nation. The Empire requests insight on this proposition, we would like to know what the other UN nations think, with enough support, we will take this straight to the UN.


It has been suggested before and i think i remember it being classed as as game mechanics proposal because you can make your own currency anyway (i might be wrong) :)

Any proposal implemented by the UN would only effect UN Nations. Therefore, the currency would only be introduced in UN Nations, and would not be the "United Currency in the entire world" that you hope for.
but still if this matter is given to UN all UN nations will vote on the situation and if the majorty is for then I will send out a telegram for people to change there currnecy and if u don't u will have to stand up to the great army of the Dictatorship of Sephtoria and this will cause a big problem around the world and currnecy Idea has Sephtoria full support but the UN nations will come up with the name and it will be sent to the UN nations, for other nations there currnecy is only going to not as important you can still use it but when trading or buying through other countries you use UN currency.

The honorable delegate from YoungTung is welcome to change to dollars, or pounds, or marks, whatever he wishes. Our country has no intention of using those, uhhhhh, earlobes? for currency. Earlobes? How do you get them? Wouldn't it be a violation of human rights to acquire them?

My nation may not be the greatest on human rights, but geez, this is horrible.

(mutters to self "Wonder what they do with those young tongues?)

The Empire of Youngtung is planning on setting a proposition to the UN for a United Currency in the entire world. The Empire belives that having one currency all over the world, the Earo (eeroh) would speed things up all over the world. There would be no more currency exchanges, no more different tokens, coinage, or bills that wern't worth anything in other nations. It would also speed up business because there would be no transactions from nation to nation. The Empire requests insight on this proposition, we would like to know what the other UN nations think, with enough support, we will take this straight to the UN.


It has been suggested before and i think i remember it being classed as as game mechanics proposal because you can make your own currency anyway (i might be wrong) :)
I've never taken that line, although I can't speak for all the other mods. As long as it's a Free Trade proposal - or some other kind of proposal backed up by good sound reasoning - then there's nothing wrong with it. Of course, actually voting for it is a different matter.

this might be all right for monitary (capitolist or otherwise) economies, but not all of us have them or choose to!

=^^=
.../\...

Any proposal implemented by the UN would only effect UN Nations. Therefore, the currency would only be introduced in UN Nations, and would not be the "United Currency in the entire world" that you hope for.
but still if this matter is given to UN all UN nations will vote on the situation and if the majorty is for then I will send out a telegram for people to change there currnecy and if u don't u will have to stand up to the great army of the Dictatorship of Sephtoria and this will cause a big problem around the world and currnecy Idea has Sephtoria full support but the UN nations will come up with the name and it will be sent to the UN nations, for other nations there currnecy is only going to not as important you can still use it but when trading or buying through other countries you use UN currency.
Yes, and I'm sure the threats of an 8 million pop nation would scare every nation into changing their currency :roll:

If you adopt the Goat as the international currency, The German and French delegates will approve the proposal. Otherwise, they will beat it to the ground.

CCN would be happy to adopt a new currency, so long as a minimum of 75% of all other UN nations did so, and the currency was named appropriatly.

If you adopt the Goat as the international currency, The German and French delegates will approve the proposal. Otherwise, they will beat it to the ground.

Interesting. Because my government informed me to assert that unless the universal currency was Spice Melange that my government would not participate.

What is the worst the UN could do? Shake a finger at my nation? Even that is forbidden.

Think about the cost. Converting to a UN standard currency is a nice idea and all, but every member nation would have to modify all its vending machines, all its change machines, retrain all its bank tellers, etc. In addition, a world engraving office would have to be set up to design the new currency, oversee its printing, distribution, management, etc. This will be prohibitively expensive! Lubria will not rely on the UN to prevent currency counterfeiting. Lubria is slowly eliminating physical currency in exchange for electronic forms. This prevents physical counterfeiting, and since the authentication is biometric, generating a 512-bit non-reciprocal hash, its electronic security is quite assured. This program has already saved our government millions of tyvans. And you're asking us to abandon this in favor of an archaic physical currency? You must be joking sir. A multitude of currencies mean that counterfeiters must defeat a multitude of security devices, a single UN currency means only a single set of counterfeit devices. This UN currency would become untrustworthy quite quickly. Lubria will not support this proposal.


The Right Honble. Peter Javanis
Baron of Altrec
Special Envoy
Office of His Grace, the Lubrian Prime Minister

This proposal is not a good one at all. There are several reasons this proposal should not be approved.
Firstly, this proposal is unenforcable. How can you tell every one of the over 200,000(my numbers may be worng please correct me if they are) UN members to change their currency to what the UN says. Also, how would you punish those who do not do this. Would you throw them out of the UN, place economic sanctions? Plus, what if one member nation forgets to change their currency to whatever you say it should be, just because they haven't been on in a while? Will they have to suffer?
As my second point, this bill is ineffecient and costly. Unless you have a centralized UN mint, which is highly unlikely, it will cost a large sum of money for every nation to have to destroy their current currency and mint a totally new currency. Also, how will the UN place limits on each country's distribution of their currency? Will you make it depend on population or economic strength? If so, a very discriminate system will probably be introduced favoring the more powerful countries who wield more influence int he UN.
My final point, is for nations who do not place such an importance on currency. For example, true communist nations do not place such an important value on their currecny and instead give everyone equal shares. What effects would the bill have on these nations?
All that would be needed is to have centralized currency exchange rates so that no one is getting ripped off.
It is clear to me that this bill has too many vague and inefficient points that it should not make it to UN voting. I hope that all nations will vote against this bill.



Sincerely,
United Socialist States of Resistencia

The UN has 37,542 member nations and 2,447 Regional Delegates.

A multitude of currencies mean that counterfeiters must defeat a multitude of security devices, a single UN currency means only a single set of counterfeit devices.

If you can show me somebody who can counterfeit / reproduce the Spice Melange, then I'll show you a person with the power of the world at his / her fingertips.

It is precisely for this reason that we shouldn't be talking about using anything other than Spice as currency.

I'll point out that unlike all that paper money many people throw away on cigarette and drugs, that Spice itself has some very benefial and pleasant side effects on human beings. It also makes the world's best coffee. The bottom line is we probably carry it around already.

10kMichael

You're talking about using a limited commodity for currency Mikitivity, which puts an inherent limit on the availability of the currency, creating automatic deflation. In addition, the only way to check the authenticity of the "product" is to use it, thus consuming your funds. And even then, you would only test a small portion of it. So I see Spice Melange as rather easy to counterfeit. All one would have to do is make a lot of something that looks like spice, and then provide a small bit of authentic spice for testing. Kind of like putting a real bank note at the front of a stack, and lots of marginal counterfeits beneath it.

The Right Honble. Peter Javanis
Baron of Altrec
Special Envoy
Office of His Grace, the Lubrian Prime Minister

You're talking about using a limited commodity for currency Mikitivity, which puts an inherent limit on the availability of the currency, creating automatic deflation. In addition, the only way to check the authenticity of the "product" is to use it, thus consuming your funds. And even then, you would only test a small portion of it. So I see Spice Melange as rather easy to counterfeit. All one would have to do is make a lot of something that looks like spice, and then provide a small bit of authentic spice for testing. Kind of like putting a real bank note at the front of a stack, and lots of marginal counterfeits beneath it.


Spice Melange is a product of the deserts alone. No man knows where it comes from, but we have theories that it is connected to the great Sand Worms. It would be very hard to counterfeit it, and surely long term exposure to synthetic spice would not yield the same health benefits. I doubt the NationStates helicopters could move our nations so easily if the Helicopter Guild Navigators injested the synthetic spice.

In fact, in the past synthetic spice has proven to be harmful ... just as addictive as spice, but without any benefits. My heart goes out for those nations that use synthetic spice as their national currency.

As for the supply of spice, well, for countries that base their currency on precious metals, using spice (which has a benefit beyond being fashioned into women's jewlery) is no different. Rocks from mountains or spice from the world's deserts, I still say the medical benefits alone really should make this an easy choice.

Think of it this way, if your nation were a nation of vampires, would it not make sense to use blood as your currency? Since governments control currency, why not make it something meaningful. A nation of bloodsuckers that uses the pint as the currency has more power over its own fate than a nation of bloodsuckers who's very citizens would need to exchange their currency over to other nations just to get the life blood they need to survive.

10kMichael

I think that everyone is missing the most critical point to this debate, and that is the impacts of unifying every nations' currency. First, ask yourself this question: how many of your currencies are worth the exact same amount? A quick visit to the right forum will give you the answer that question, and draws us right up to the impact phase of this argument. If you institute one single currency, you'll have to find a happy medium of value for said currency. How many [insert name of currency here] does is cost to buy a loaf of bread? Since I can guarantee a loaf of bread costs different amounts in different countries on the basis of currency value alone, you're going to see smiliar effects on the world markets. If the Sophistan menk is worth more than the currency, our own products will be unnaturally deflated in value. If the Sophistan menk is worth less, the products will be unnaturally inflated. Since either of these effects would lead to a rather immediate crash of our economic system, we politely decline to adopt this proposal.

Sincerely yours,
Daniel M. Hillaker
Minister of Foreign Affairs

While the Foreign Relations Commission of Renistan is not absolutely against a unified currency, the specifics of how this currency would be implemented are incredibly important.

In particular, who would control this currency? How would the monetary policies of various nations be balanced against each other? What security features would the money incorporate? Under what terms and exchange rates would currencies be exchanged? What countries will be responsible for printing money? How will prime rates etc, be determined? Will regional variation due to regional economic problems be allowed? If so how will that be implemented? Will monetary policy be isolated from the political process? How will communitarian states be integrated?

Put a proposal before us and if it answers all of these questions, and still appears to have some merit then we will support it.

OOC: Seriously, unless you are planning on writting 100+ page proposal to deal with all the myriad issues involved in currency unification (of which the above really is the merest tip of the iceberg), this proposal will be without merit and should be rejected by anyone who actually thinks before they vote.

If you adopt the Goat as the international currency, The German and French delegates will approve the proposal. Otherwise, they will beat it to the ground.

Interesting. Because my government informed me to assert that unless the universal currency was Spice Melange that my government would not participate.

Then, we have reached an impasse. :lol:

If you adopt the Goat as the international currency, The German and French delegates will approve the proposal. Otherwise, they will beat it to the ground.

Interesting. Because my government informed me to assert that unless the universal currency was Spice Melange that my government would not participate.

Then, we have reached an impasse. :lol:

And here I was hoping to talk with you privately to see if perhaps your nation would agree to the Spice Standard if we would employ your Goats to harvest Spice. I'm sure they can spot worm sign and carry lone workers up rocky crags with great efficiency. We could also use the German and French goat as the symbol on the Spice Melange packing crates.

-10kMichael

Convenience for tourists is not good enough of a reason to force changes in currency and ruin economies. Nations are allowed to use whatever they please for currency because it is possible to create very stable economies based soley on the exchange rates between your nation and fellow nations. Allow me to demonstrate in the most confusing way possible:

My nation, the Incorperated States of Biggus Inc deals in pints. Pints of what determines the varying value of the pint, but we trade in pints nonetheless. Think of it this way; 1 pint of beer is 10. 1 pint of vodka is 20, and one pint of blood is 100. Those aren't exact ratios, but you get the picture.
Anyway, my nation is in frequent trade with RickoCo Industries Inc, whose currency is time. The exchange rate between the pint and time is incredible, as 4 pints is equal to about 22 hours of time, and given that the base of Time is the second, that an excellent exchange rate. RickyCo Industries Inc has banned all alcohol from their nation, meaning that we get many tourists who save up their time to buy our nation's famous alcoholic drinks. We get the money, and purchase the labour force from RickyCo Industries Inc, putting the money right back into the government. With a universal currency, our economies would fall.

Now, that is a wild example, as our currency is...unusual, but many nations support the same type of imports/exports system. If we are forced to change our currency, then these types of economies are worthless; not every nation works on the capitalist system or the communist system, which this sort of proposal is rather biased towards. This is infringing on the rights of leaders all across the UN, and is a terrible idea at best. The negative impacts far outweigh the benefits, and would make this Union far too friendly to democratic and republican nations.

Convenience for tourists is not good enough of a reason to force changes in currency and ruin economies. Nations are allowed to use whatever they please for currency because it is possible to create very stable economies based soley on the exchange rates between your nation and fellow nations. Allow me to demonstrate in the most confusing way possible:

My nation, the Incorperated States of Biggus Inc deals in pints. Pints of what determines the varying value of the pint, but we trade in pints nonetheless. Think of it this way; 1 pint of beer is 10. 1 pint of vodka is 20, and one pint of blood is 100. Those aren't exact ratios, but you get the picture.
Anyway, my nation is in frequent trade with RickoCo Industries Inc, whose currency is time. The exchange rate between the pint and time is incredible, as 4 pints is equal to about 22 hours of time, and given that the base of Time is the second, that an excellent exchange rate. RickyCo Industries Inc has banned all alcohol from their nation, meaning that we get many tourists who save up their time to buy our nation's famous alcoholic drinks. We get the money, and purchase the labour force from RickyCo Industries Inc, putting the money right back into the government. With a universal currency, our economies would fall.

Now, that is a wild example, as our currency is...unusual, but many nations support the same type of imports/exports system. If we are forced to change our currency, then these types of economies are worthless; not every nation works on the capitalist system or the communist system, which this sort of proposal is rather biased towards. This is infringing on the rights of leaders all across the UN, and is a terrible idea at best. The negative impacts far outweigh the benefits, and would make this Union far too friendly to democratic and republican nations.

Convenience for tourists is not good enough of a reason to force changes in currency and ruin economies. Nations are allowed to use whatever they please for currency because it is possible to create very stable economies based soley on the exchange rates between your nation and fellow nations. Allow me to demonstrate in the most confusing way possible:

My nation, the Incorperated States of Biggus Inc deals in pints. Pints of what determines the varying value of the pint, but we trade in pints nonetheless. Think of it this way; 1 pint of beer is 10. 1 pint of vodka is 20, and one pint of blood is 100. Those aren't exact ratios, but you get the picture.
Anyway, my nation is in frequent trade with RickoCo Industries Inc, whose currency is time. The exchange rate between the pint and time is incredible, as 4 pints is equal to about 22 hours of time, and given that the base of Time is the second, that an excellent exchange rate. RickyCo Industries Inc has banned all alcohol from their nation, meaning that we get many tourists who save up their time to buy our nation's famous alcoholic drinks. We get the money, and purchase the labour force from RickyCo Industries Inc, putting the money right back into the government. With a universal currency, our economies would fall.

Now, that is a wild example, as our currency is...unusual, but many nations support the same type of imports/exports system. If we are forced to change our currency, then these types of economies are worthless; not every nation works on the capitalist system or the communist system, which this sort of proposal is rather biased towards. This is infringing on the rights of leaders all across the UN, and is a terrible idea at best. The negative impacts far outweigh the benefits, and would make this Union far too friendly to democratic and republican nations.

A unified currency for nations in a trading bloc may make sense. However, for the entirety of the UN with its immense diversity of political, economic and cultural systems, such a measure is completely unworkable.

For Ecopoeia itself, this proposal would be horribly damaging. We have based our currency on environmental factors (a fiendishly complicated calculation devised by a mathematician named Bao and understood by her and maybe three or four others - we have to operate on trust...) and also have a strong bartering tradition. The imposition of a unified currency would have an extremely destabilising effect on us.

Vlad Taneev
Speaker for the Economy

While good in theory, I believe a united currency may cause more problems than it proposes to solve.

Of particular concern I think would be the issue of average worth. Strong economies will in a sense be paying for weaker economies to adopt the new currency. For example - NationA enjoys a currency worth 5 times more than that of Nation B. Were the two to unite currencies, the average value would be worth about 2.5 times more than the current value of Nation B's currency. A financial windfall for Nation B, a distinct disadvantage for Nation A. It seems under such circumstances, Nation A is being punished for the economically disadvantaged countries in the world.

Even as a relatively poor nation in comparison to some, I could not support this resolution for my nation, despite what good it might do us. Perhaps a more feasible solution would be for regions or groups of nations with similar economic standing to unify a currency. I agree, that should I cross the border into neighboring lands of similar economic status, the exchange is more an inconvience than a neccesity. However, as with all things of a global scale, I believe change must be enacted incrimentally and more importantly fairly to all those involved.

Thank You
The Mistress of Finance
People's Republic of Pixiness

The Empire of Youngtung is planning on setting a proposition to the UN for a United Currency in the entire world. The Empire belives that having one currency all over the world, the Earo (eeroh) would speed things up all over the world....

How do you peel a "Earo?" Does it expire? The Banana is our currency, easy to peel and has a short life span, encouraging our population to spend or eat them as soon as they get a Banana or two. This keeps our ecomomy flowing.

The Quilly is a part of my nation's culture but realistically is would be a disaster, i mean look at how some countries completely failed in introducing the Euro on a good, efficient scale :roll:

A united UN currency seems like a good idea. But there are also some bad things:

pro:
-stronger econimes for UN member nations
-easier travel from one nation to the next

con
-if one or more nations are not pulling thier weight, others will most likely not pull thier weight. Thus the system collapses
-you lose part of your nation's idenity. Your nation's currency makes it unique. I know it sounds corny but it's true.

I know I missed some, but this are the ones I could think of at the moment.

The representative from Simitar has obviously missed some of the more persuasive arguments raised in opposition of this proposal. He is at least partially correct in that this universal currency would strengthen some economies. But, that growth will come at the expense of the most powerful nations. As has been noted by others, the weaker economies of the world would be artificially propped up by the stronger nations, while the stronger nations would now find their currencies worthless in comparison to their former values.

The only way to solve this problem would be to establish an exchange rate between this currency and every other currency on the face of the Earth, then give every citizen of every country an appropriate amount of the new currency in exchange for their old currencies. Since that would lead to the immediate inflation of the currency, the poor countries would still be at a disadvantage.

No matter how you spin it, this proposal spells economic collapse for the United Nations as a whole.

Sincerely yours,
Daniel M. Hillaker
Minister of Foreign Affairs

LMAO, when the tribesmen bring rain to the desert, your spice will become priceless Mikivity. And, it will become the most non-renewable commodity in the universe.

Good luck with your currency then.

The electronic funds mentioned by the ambassador from Lubria sounds appealing, if the electronics represent something more than mere electrons swirling through cyberspace.

I will have to side with those who oppose a universal currency. Counterfeiting concerns as well as cost effectiveness are both genuinely valid arguments.

LMAO, when the tribesmen bring rain to the desert, your spice will become priceless Mikivity. And, it will become the most non-renewable commodity in the universe.

Good luck with your currency then.

The electronic funds mentioned by the ambassador from Lubria sounds appealing, if the electronics represent something more than mere electrons swirling through cyberspace.

I will have to side with those who oppose a universal currency. Counterfeiting concerns as well as cost effectiveness are both genuinely valid arguments.

Good you side with me then :)

LMAO, when the tribesmen bring rain to the desert, your spice will become priceless Mikivity. And, it will become the most non-renewable commodity in the universe.

Good luck with your currency then.

The electronic funds mentioned by the ambassador from Lubria sounds appealing, if the electronics represent something more than mere electrons swirling through cyberspace.

I will have to side with those who oppose a universal currency. Counterfeiting concerns as well as cost effectiveness are both genuinely valid arguments.

Good you side with me then :)
Then that makes three who oppose.

Then that makes three who oppose.


Yay!!!

though i think this is a good idea. but realistically, it would a huge finacial burden.

for example: when europe introduced the euro, their currency dropped in value amoung the world market. it took several years for it to raise back up in value.

however, although it would mean economic dispair and be difficult to start, a singular currency would help unify world economy. but it also takes away from the personalization of each nation. i like having the silver as my currency, i think it's amusing to see another country use the potatoe. so i don't think that you would have my vote on this resolution. not to mention that countries who work on a trade economy (if there is such thing) would not be willing to start using a curency. (i should write an issue that makes trade an option. that would be fun)

in other words: now there are four who oppose.