NationStates Jolt Archive


Adopting the 1 Troy Oz. Gold Standard

Enterprise Praxis
21-12-2005, 01:44
In order to increase the ease in trade between nations, it is thought to standardize currencies... or at least benchmark them, to a standard. Instead of relying on the ecomomic output of a superpower, using an international gold standard has made sense to some of us.

In the Republic of Enterprise Praxis, we have linked the value of our currency (the Kredit) to one troy ounce of gold.

Although gold tends to increase in value during times of economic uncertainty, it promotes an ideal for political stability in order to maintain economic prowess.

Let us know what you think! :D