NationStates Jolt Archive


The transfering of the national currency.

Nova Hope
09-06-2004, 04:23
NWN:

An announcement from the President to the people of Nova Hope was broadcast at 10am local time.


My fellow Noviets, I bid you good morning and hello. As most of you know since our induction to the Directorate it has been on the agenda to switch from our beloved Griffin Claws to the Directorate credit. Today we are going to be taking the first step on this path.

Today I am announcing the complete stoppage of all production of the noble Griffin claw. The national banks will now operate on the credit while the private businesses will have the luxury of operating in the credit or claw. We will slowly filter out the Griffin Claw and become fully compliant with the Credit system. Now I’d like to remind those mattress stuffers out there that the credit is NOT a physical currency, it is electronic in nature. Since all of our citizens are bar coded anyway what we have decided to do is make available to the people human bar code readers which will allow you direct access to all of your banking information at any terminal. You will be able to specify which account you want your barcode to draw from. You will have no need to worry about getting mugged on our streets as you will have no reason to be mugged with no cash on hand.

For those not Noviet born or visiting the country the government will issue a card allowing them to access the readers without getting tattooed and implanted.

With this announcement I expect that many of you investors, collectors and business savvy people will begin to buy up the left over claws as the supply is dwindling. To combat massive deflation, which will complicate the exchanging process, we ask that you refrain from immediately buying into the Griffin Claw which will, I’ve been assured, continue to be a traded commodity on the national exchange. Now I understand that some of you will not be listening to this plea, for your own personal reasons. To react to this the government will release our stockpiled claws in controlled intervals to hold the exchange rate of 1.00 Credits to 1.17 Griffin Claws as the rule of thumb. With this exchange happening I hope that foreign investors and governments realize that this is sure to be a tumultuous time for our economy and that they respect the requests I have made. As for buying into the Credit all investors are more than welcome to and are in fact encouraged as it will increase our foreign buying power.

On that statement I wish you happiness, prosperity and good night.”

Following the announcement a rash of violent murders occurred in the poorer urban areas of the country in which the victims’ left hands have been removed. A suspect, Marcus Grady was found with a freezer full of left hands and quoted as saying “I was waiting for them to put the new ATMs in.”

As expected collectors and businessmen alike have begun to buy up the GC and the government has responded by dumping the currency onto the commodity exchange here in The GMNHCA (Greater Metropolitan Nova Hope City). When asked if there was going to be a deflation problem affecting the exchange of currencies Director of Commerance Reginold Handley said ‘Of course not! The people that are investing understand that this is a good way to make profit and that as long as there is not an upwards explosion on the demand curve we will be able to maintain the exchange rate at an acceptable level. Should worse come to worse we do have the authority to freeze the price of the commodity, it would only require both the parliament and the congress to agree as the President is an adherent to a laisser-faire style of domestic economics and has already told me he wouldn’t vote for an unneeded economic control simply to make the task of administrators easier.’

In other unrelated news several internet stock exchangers and financial ISP providers have gone down leaving experts baffled. This is bad news for people who are unable to go to the GMNHCA and place their orders directly to the exchange as processing has slowed to a crawl as providers scramble to explain the rash of technical errors and unusual viruses.


ooc: This is not to say you guys can't still be jerks and put an upswing in the demand.
Kay Son
09-06-2004, 04:39
tag
Transnapastain
09-06-2004, 07:08
tag

IC:

Transnapastain appercaites Nova Hopes compliance with Directorate regulations
Nova Hope
12-06-2004, 21:42
NWN:

It’s now official the noble Griffin Claw which marked our independence from the imperialists which once ran this continent is now only a collector’s item. With more than five hundred thousand people gathered to mourn the decommissioning of the national mint it makes one ponder the future of economics here in Nova Hope, especially since the National Exchange announced today that it would no longer trade in claws, making millions of dollars in investments, suddenly worthless to the exchange. The NX closed early as angry investors scuffled with security, one investor was heard saying.
“What the {expletive deleted} am I going to do with eight hundred thousand pennies!?!?!”

In other news domestic overland shipping has seen a drastic increase with the orders of trillions of claws being sent to the investors that now, for better or worse, own them. A reminder to everyone that it is still a federal offence to destroy a griffin claw as congress has decided to leave the law intact to preserve national heritage.