NationStates Jolt Archive

List your currencies Exchange Rate Compared to US Dollar.

Dont just do the poll, read.
Becouse of demand I have decided to make an univeral Currency. As of now you can still keep your own currency within your districts, but must use it in other districts. Mundi (Mundus is singular, Mundi is plural) will be used as the name of the currency, thanks to Cookesland for the suggestion.
To determine to value of the currency, i am going to average all the exchange rates of the currencies of all other contries compaired to US dollars. If anyone has a better method please suggest. The denomnations of the currency will be determined by the value.

(this is not final, just at this point)
Symbol: Mu$
Denominations: .01,.05,.1,.25,.5,1,2,5,10,20,25,35,50,75,100,250,500,750
Value: Mu$ 1= $1.39

Orange: Coin
Green: Paper
Red: ????? (paper or coin?)

I suggest coin money. It would not only be more resistant to counterfiters, but it would also last longer. Also, who will be paying for the production, and where and who will be producing them?

Atreidondian Dollar-
Exchange Rate-1 A$ = $1.9333
Denominations- .01, .05, .1, .25, .50, 1, 5, 10, 25, 50, 100, 250, 500, 750, 1000

As far as i know each nation will produce its own version, like the euro. and im thinking of putting a small tax on the city and all of Prycuse to help pay for production.

What is the exchange rate of your currency to US dollars?

How do you set the value of a universal dollar? Why would nations with any sense of national pride give up their money for yours? Why would a nation who's current currency is probably worth twice as much as a universal currency would be set at switch?

If you were in Project International City, you would know, and they are not giving up their currency, just using them in the project.

Coins. Paper money is easily ripped, lost, and burnt.

Why not just use the Universal Standard Dollar?

Coin is so impractical though and, for me at least, coins are much easier to lose but that may just be because they're worth less and I don't try as hard to hold on to them. Also, as of now my exchange rate is 1 ZIN = $1.6598. It tends to fluctuate a bit though.

OOC: Although I am not part of the International City, it is almost certain that any kind of organized crime operating in the city will use the Vetalian ruble for their transactions. It currently exchanges at roughly $1.96/ruble.

Coins are issued for 1, 5, 10, 20, and 50 kopecks as well as 1 ruble and 2 rubles. The rest are banknotes, which range from 5 rubles to 1,000 rubles. Keep in mind that if you start seeing these notes show up, you've got yourself at least a moderate crime problem. Either that, or a lot of tourists...but then again, the two aren't necessarily mutually exclusive.

@ Zinaire
well, unless something big happens then it looks like it will be coins.
Thank you for putting your exchange rate. It seems like no one else can read the big red letters.

OOC: Although I am not part of the International City, it is almost certain that any kind of organized crime operating in the city will use the Vetalian ruble for their transactions. It currently exchanges at roughly $1.96/ruble.

Coins are issued for 1, 5, 10, 20, and 50 kopecks as well as 1 ruble and 2 rubles. The rest are banknotes, which range from 5 rubles to 1,000 rubles. Keep in mind that if you start seeing these notes show up, you've got yourself at least a moderate crime problem. Either that, or a lot of tourists...but then again, the two aren't necessarily mutually exclusive.

thank you for the info.

Mundus is singular, Mundi is plural

Both paper money and coins have their advantages and disadvantages, but I think it's most wise to have both for convenience and practicality.

If the exchange rate is such a sticking issue for everyone, then just set the Mundus equal to the Universal Standard Dollar

Mundus is singular, Mundi is plural

Both paper money and coins have their advantages and disadvantages, but I think it's most wise to have both for convenience and practicality.

If the exchange rate is such a sticking issue for everyone, then just set the Mundus equal to the Universal Standard Dollar

ok that solves that problem

Denominations:10,20,50,100,1000
Value: 1 U-Credit = $1.1813
The coin is very premative but it is also very affective, it will be a change for my people from the digital transfers to solid counting objects. We here at the Karat National Bank fully back the coin currency and will help fund the production as needed.


Geroge Neild:International City rep of the KDL
Jenna Stevins:KNB director Karat Capital city of Cantos

Thank you for the help.

Does anyone have any options on the Denominations?

At this time, because it is simply impossible to keep up with the daily changes, I have pegged my currency to the USD. My currency is the shingrot and uses § as its symbol.

Symbol: §
Denominations [coins]: 0.01, 0.05, 0.10, 0.25, 0.50, 1.00, 5.00
Denominations [paper]: 1.00, 5.00, 10.00, 20.00, 50.00, 100.00, 500.00, 1,000.00, 5,000.00, 10,000.00, 50,000.00, 100,000.00
Value: §1 = $1.95; $1 = §0.51

Well, your not in the project. But if you wish to be in it then sign up Here (http://forums.jolt.co.uk/showthread.php?t=555372). It would good ot have a 20th person to make it even. Then ill be happy to use your infomation.

Well, your not in the project. But if you wish to be in it then sign up Here (http://forums.jolt.co.uk/showthread.php?t=555372). It would good ot have a 20th person to make it even. Then ill be happy to use your infomation.

OOC: Noted & posted. Nice idea.

Does anyone have any options on the Denominations?

.01, .05, .1, .25, .5, 1, 3, 5, 10, 15, 20, 25, 35, 50, 75, 100, 150, 250, 500, 750, 1,000

.01, .05, .1, .25, .5, 1, 3, 5, 10, 15, 20, 25, 35, 50, 75, 100, 150, 250, 500, 750, 1,000

I will add the 3, 35 and the .25 but i'd like to not have the .01,.05 and .1

I think this is done. If anyone in the project has any options then post, but it looks like it will be coin.

We need pennies, nickles and dimes too. Also, we should have a universal set of bills and coins each with different leader's faces/ country landmarks on them, like the US State quarters or presidential nickles.

We need pennies, nickles and dimes too. Also, we should have a universal set of bills and coins each with different leader's faces/ country landmarks on them, like the US State quarters or presidential nickles.

It will take 2 more votes to override the coin votes. Ill add in the .1 but i really think we could do without the .05 or .01, our economy is better than that. (At least in the city)
Yes there will be different versions of the currency for each nation.

Its not a matter of economic strength, its a matter of precision, which leads to inflation. With no lower denomination than a dime, the dime becomes the penny, and our currency is depreciated 10%.

Its not a matter of economic strength, its a matter of precision, which leads to inflation. With no lower denomination than a dime, the dime becomes the penny, and our currency is depreciated 10%.

You have a point. The change will be made.

Stances on the Mu$ 800

Anything over $100 would be more used by criminals, see the story of the cancellation of the US $1000. Larger bills make large sum illicit cash transactions too easy.

lots of people would whine if their was nothing over 100.
(i changed my mind ill see what more people think of the 800 before throwing it out)

If our dollar is strong enough and we have a citywide banking card system, we won't need large denominations. Lets just have ATM cards instead of large notes.

I thought about that but is Mu$1= $1.49 enough.
(i might set up another poll for that.)

If we're tying it to the USD, then Mu$1=$1.

I thought about that but is Mu$1= $1.49 enough.
(i might set up another poll for that.)

You should just peg the currency it makes it easier.

Anyone still hoping for all coinage has never been to Hong Kong, god its a hastle, as they have only $20+ in paper.

Iron Nuggets
I$2.0550 = $1

Our preference is for an electronic currency and so we reserve our vote for that. We also wave the usage of Iron Nuggets within our own zone. We will use the city standard currency and/city bank currency.

Zilen is our currency

ZI$1=USD$1.30

The Piero (₭)

₭1 = $1.2593

Are you guys using the official NSD currency exchange for your rates?

We really need to cut some denominations. .01 and .05 seems too small to be useful and certainly 500+ seems like a counterfeiting risk. 2, 3, 25 and 35 coins seems pretty useless too.

Also, seeing as how it is so close now (and have the votes from non-member nations been discarded?), I think we should start using a combination. I don't want peoples' pants to start falling down because all the coinage they have to carry is so heavy.

Zinaire is correct. Coins are useless in large numbers and a coin worth 500 USD or .01 USD will be hard to manufacture. Debit cards should be used that convert the consumers currency to Mundi. counterfeiting and manufacturing wont be a problem.

We really need to cut some denominations. .01 and .05 seems too small to be useful and certainly 500+ seems like a counterfeiting risk. 2, 3, 25 and 35 coins seems pretty useless too.

Also, seeing as how it is so close now (and have the votes from non-member nations been discarded?), I think we should start using a combination. I don't want peoples' pants to start falling down because all the coinage they have to carry is so heavy.

I had an argument with some guy earlier about the .01,.05,3, &35, its earlier in the thread. Check out what he said and then comment on that.
(the 3, & 35, 1000, 2000, 800 are gone until further notice)

Votes:

Coin: 6
Paper: 2
Combo: 8

Combo wins

Our Exchange Rate:

$1 USD= $4.08 Navts (rounded)

Votes:

Coin: 6
Paper: 2
Combo: 8

Combo wins

Hoo-rah!