The Standardised Currency and Unified Economy
Posted: Mon May 17, 2010 7:34 am
The Standardised Currency and Unified Economy (or SCUE for short) is essentially a shared currency and bank between a variety of micronations, including virtually all the big names in the sector. Each member who joins is issued with 7500 SCUE Currency per citizen who is not already participating in the economy; to distribute as they wish. As all members have the same currency, there is effectively a 1:1 exchange rate between all member countries.
The great advantage of the SCUE is that it expands the economy for all it's members. A Gralan can produce a stock exchange using images produced by a Nelagan and banners made by a Batavian; and sell it to Natopians. Most nations do not have enough citizens to support an economy themselves - the SCUE provides this wider customer base.
The SCUE does not impose an economy on it's members - members are allowed to do whatever they want with the currency they have been given (including name it); the only restrictions are they cannot print more money and they cannot impose extra costs on members of other signatory nations that they do not impose on their own citizens. However, the SCUE does allow nations to take advantage of various economic institutions member nations have created. There is the php Bank, which regularly has new features added, including the potential for companies to float stocks to be bought by other users; there are automated casinos and lotteries; and there is the Small Commonwealth Exchange, which includes stocks from three countries so far and is always open to have more.
In Summary:
Pros
- Lot's of people in different nations can now buy your stuff, and vice versa.
- Quality php bank.
- Stable currency.
- Freedom to do what you want.
- Access to the SCX, Commonwealth Casino, Lottery and more.
- Programming now exists to do a post-based economy, even though it's not connected to your forum directly.
Cons
- You can't print extra money for yourself.
- You cannot impose tariffs.
Applications to join should be directed to the SCUE Subforum on the MCS.
The great advantage of the SCUE is that it expands the economy for all it's members. A Gralan can produce a stock exchange using images produced by a Nelagan and banners made by a Batavian; and sell it to Natopians. Most nations do not have enough citizens to support an economy themselves - the SCUE provides this wider customer base.
The SCUE does not impose an economy on it's members - members are allowed to do whatever they want with the currency they have been given (including name it); the only restrictions are they cannot print more money and they cannot impose extra costs on members of other signatory nations that they do not impose on their own citizens. However, the SCUE does allow nations to take advantage of various economic institutions member nations have created. There is the php Bank, which regularly has new features added, including the potential for companies to float stocks to be bought by other users; there are automated casinos and lotteries; and there is the Small Commonwealth Exchange, which includes stocks from three countries so far and is always open to have more.
In Summary:
Pros
- Lot's of people in different nations can now buy your stuff, and vice versa.
- Quality php bank.
- Stable currency.
- Freedom to do what you want.
- Access to the SCX, Commonwealth Casino, Lottery and more.
- Programming now exists to do a post-based economy, even though it's not connected to your forum directly.
Cons
- You can't print extra money for yourself.
- You cannot impose tariffs.
Applications to join should be directed to the SCUE Subforum on the MCS.