NationStates Jolt Archive


Would it work to have a currency union

Frisianland
22-09-2006, 23:00
Would it would if a number of nations have the same currency? Would it make a difference economic on nseconomy?
Neo-Erusea
22-09-2006, 23:07
Nope. Every nation's currency value is calculated from the nation's individual economy. I know because I've tried.
Errikland
22-09-2006, 23:18
That's true, but calculators are not absolute authorities. You could just instert the name of the currency you want, then ignore what the calculator comes up with for yours and base it off of what the calculator comes up with for the base currency. Of course, this means that you would have to take the number they give you to convert your currency number into dollars, then use the number you came up with in that equation to then translate into how much money it is worth in the base currency. That was very unclear, so here is an example:

Budget in *:
Defense: *100
Enviornment: *10

Base currency: @1=$2
Other currency: *2=$1

*1=@4

Budget in @:
Defense: @25
Enviornment: @2.5

Of course, that was just random numbers and currencies. You may just want to stick to converting to dollars. Plus, if your total government budget is $55, you have more to worry about than money conversion.

Still, the entire Errikan Empire (including protectorates Rachkldom and Youlando) have to use my currency (the Errikan Mark).