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Monetary Systems - Gtx0 ?>


Monetary Systems
Posted: Posted March 3rd, 2008 by Rav Shimon
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How do monetary systems work in your worlds? Is there a universal currency, or does each nation (or region) have its own? Maybe a barter system? Or does everyone just seize whatever he wants by force? Share....

As for mine:
The currency of Haberion is the seal, abbrevated as a capital letter S with a horizontal stroke through the centre--or just an S on computers not set up for the special character (S155, for example).
The seal is subdivided into twenty plumb (neither unit name takes the plural), abbreviated with a lowercase letter P (15p, for example).
Combinations are written with a seal symbol and a stroke between the seal and plumb; for example: S10/5 is ten seal five plumb, S44/9.6 is forty-four seal nine and six-tenths plumb, and S2/.1 is two seal one-tenth plumb.

Coins are minted in units of:
1/10p
˝p
1p
2p
5p
10p
S1

Notes are printed in units of:
S2
S5
S10
S20
S50
S100

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Ialiai money comes in three forms. There are the bars, which are large bars of precious metals, marked with their weight, the name of the noble family that owns them (or the mark of the Tribunal for Mystic bars). There are the coins, which are round, marked with their value, the name of the noble family that owns them (or mark of the Tribunal), and the name of the mint where they were produced. Then there are the items, which are used in the barter system of the lower classes.

Within this, there are four money "groups"

1)The barter group, which is simply a barter system used by the lower castes, especially the Untouchables, who are unallowed to receive anything blessed by a Mystic

2)Noble money that's mandated, endorsed, and regulated by the Mystics. Based on how much a noble family has, a noble may mint certain coins. This is, by far, the most common money in use.

3)Monies unendorsed by the Mystics, which is generally trader money. It's unregulated, and used mostly among foreigners and the lower classes. If a Mystic receives this kind of money, it gets melted down and formed into Mystic money, generally to be placed in the Stormguard Vault.

4)Mystic money is the basis of all Ialiai money. It is endorsed by the gods themselves, and is a direct throwback to Sheupe money. It is backed by the Stormguard vault, wherein resides most of the riches of Ialre.

The actual scale of coins is thus:

One bar is ten Sheupe.

A Sheupe is eleven High Mystics.

A High Mystic is ten mystics, or eight kings.

A Mystic is fifty commons. A king is sixteen nobles.

A noble is approximately four clerks

Posted March 3rd, 2008 by Mr. Saturday
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There are the bars, which are large bars of precious metals, marked with their weight, the name of the noble family that owns them (or the mark of the Tribunal for Mystic bars).


Those are called ingots.

unallowed unendorsed


lol

Posted March 3rd, 2008 by Genogeh
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Genogeh
 

No, these are bars of xanax.

Thanks.

Posted March 3rd, 2008 by Mr. Saturday
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No problem.

Posted March 3rd, 2008 by Genogeh
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Genogeh
 

I need to work on this aspect of Sartai culture. I know they have three basic kinds of coins: copper, silver and gold. But I don't know how they relate to each other. They also have aluminum coins that are sometimes used, but generally these don't go outside of areas that have both aluminum and magic users who can harness electricity. They have notes, which are not at the stage of being official bills, but are useful when one needs to move a lot of money without carrying a lot of coins around. They act more like checks.

As a side note, Genogeh, thanks for using my sucky, bored-looking picture from last year as your avi. I feel so loved. :P

Posted March 4th, 2008 by bloodb4roses
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As a side note, Genogeh, thanks for using my sucky, bored-looking picture from last year as your avi. I feel so loved. :P


We weren't talking about how bored you looked on IRC.

Posted March 4th, 2008 by Genogeh
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Genogeh
 

Why am I always right? I am always right.

Posted March 4th, 2008 by Mr. Saturday
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Adpihi has a single planetary currency (since they're all descended from the wreck of one flotilla of settlers).
The base of their numeral system is twelve.
The fundamental unit of currency might be translated as "a day's wage"; up until the restoration of the "industrial revolution", this was usually close to the average daily earnings of a common worker, and was the daily wage of a private "footsoldier" or "policeman" in time of peace.

It is divided into the following denominations:

1/4
1/12
1/48
1/144
1/576
1/1728
1/6912
1/20736

(but the smaller units are rarish. Government coiners rarely coin anything smaller than 1/144, and depending on time and place may not coin anything smaller than 1/48. Once there's a good postal service, stamps are usually in multiples of the 1/576 or 1/1728 denominations. Mostly the price of a single grain is around 1/6912.)

Larger denominations are;

4
12
48
144
576
1728
6912
20736
82944
248832
995328
2985984

but the higher denominations are increasingly rare. Coins valued at more than 48 are not often minted. Bills valued at more than 6912 are usually not traded by individuals, but only by corporations and governments; the printing of each bill valued at 995328 or 2985984 is a separate act of a government, usually for a specific purpose (along the lines of buying the Louisiana Purchase or founding the Federal Reserve Bank.)

Except for the basic "day's wage", each unit is either three of the next smaller (if there is one) and a fourth of the next larger (if there is one), or four of the next smaller (if there is one) and a third of the next larger (if there is one). Mostly each is twelve of the next-next-smaller and one-twelfth of the next-next-larger. (The 4 and the 1/4 are exceptions, of course; since the 4 is sixteen of the 1/4, which is a sixteenth of the 4.)

------------------------------------------------------------------------------------

Philosophically, the Adpihi mindset begins to segue into the Reptigan mindset about the same time they go to space. By the time they have both an independent colony world (a colony of Adpihi, that is) and an alliance with a non-human species they are Reptigan rather than Adpihi; Adpihi is just a part of Reptigan.

Each species in Reptigan brings in its own native currency; but for community-wide or inter-species trade and other community-wide or inter-species economic activity, (or even for inter-world trade or economic activity, even when one species dominates on both worlds), a Reptigan-wide currency system is preferred. This currency, as well as its exchange-rate with all other currencies, is regulated by the Reptigan government. Its ratios with the species-specific currencies of member species is regulated quite effectively; but its exchange-rate with the extra-Reptigan currencies is, of course, partly outside their control, though they insist on trying nevertheless.

Posted March 4th, 2008 by chiarizio
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The Kigdatsi are a high-tech society, and have been since their creation, so they have never had physical currency. They don't go in for personal wealth much either; their "money" is something organisations and projects have, not people. It is entirely electronic, and therfore is represented as numbers in a database, rather than things that are passed around. (TBH, much modern money is like that too.)

Originally, they used a system of people just doing what they wanted, but experienced epic fail of the economy, since people worked on useless-but-interesting crap all the time, and used too much resources doing so, and it was not even clear what was useful. Communism was proposed, but obviously no-one would be capable of considering the billions of factors needed to plan an economy. They eventually copied the mostly-free-market capitalist system of their human creators, with the adjustments specified above. (BTW, corruption is not a problem: Kigdatsi do not have crime, they have design errors which must result in termination of the erroneous individual ;).)

Posted March 9th, 2008 by simon.clarkstone
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"Epic Fail Of the Economy".

I demand that be made an economics term.

Posted March 10th, 2008 by Mr. Saturday
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