|Subdivision||1 douro = 100 fouta (f)|
|Exchange Rate to USD||1.00 : ~NS$2.45 (as of 10/2007)|
|In use since||1888|
The douro (RPD or Đ) is the unit of currency of Pacitalia. One hundred fouta (f) add up to one douro. The douro is, because of its high trade rate with the US dollar, one of the strongest currencies in the NationStates world.
Pacitalia decided to stop using the NS dollar in 1885 in a government referendum, and a subsequent second plebiscite three months later resulted in a Pacitalian public heavily in favour of minting home-base currency. After two years of consultations, organisation and hiring of management for this project, the douro started minting on 1 September, 1887. By 31 December, about 78 million douro notes in denominations of 1, 2, 5, 10 and 20 had been printed, and the douro was introduced into circulation tentatively on 1 January, 1888. By 1 July, the NS dollar had been completely phased out of general circulation.
Through the first half of the twentieth century, the Pacitalian douro became one of the stronger currencies in the world thanks to Pacitalia's neutrality in conflicts, while at the same time concentrating on heavy industry production for those wars. By the 1970s, the NS dollar was trading significantly lower than the douro; 1 douro was about US$1.74. In 2004, the NS dollar was so weak that for the first time in the douro's history, 1 douro was worth US$2.00+ - the official exchange rate after trading closed on 4 September 2004 was Đ1.00 : US$2.026. As a result, and to simplify matters both with the NS community and with ally Hamptonshire, the three countries struck a deal in which 1 douro was fixed to 1 krone (the currency of Hamptonshire). That move significantly improved the exchange rate.
Strategy and Trade
The Douro is a hard, free floating currency, trading well against most other major-market units in NationStates. The douro currently floats around 1 to NS$2.15, making it one of the strongest and most reliable and valuable currency units in the NS world.
The douro comes in the following denominations:
- 1 (blue)
- 2 (green)
- 5 (red)
- 10 (silver)
- 20 (indigo)
- 50 (yellow/gold)
- 100 (bronze, dark grey and black)
- 500 (earthy tones)
- 1000 (pale rose)
The 1000 is the only denomination of the eight that is a limited release. The other seven are very common, though the 1, 2, 5 are the highest in quantity because they are used most commonly for transactions. Notice that those denominations, the first three, are also coloured in the three major colours of the Pacitalian flag.
Characteristics of douro print
Douro money is printed on a polymer-PETX composite skin, so that the money cannot be ripped, scrunched or bent. This gives the illusion that the paper is printed on actual plastic. The money will still show signs of disfiguration, but tests have shown that polymer-based money like the douro stands up to wear and tear for a lot longer period than regular paper-based money (US dollar) or composite polymer/paper money (Canadian dollar). It also, because of the unique balance of chemicals to make the polymer, unable to be base counterfeited.
|Đ 1||New Prado||Pacitalian green-downed parrot|
|Đ 2||Sancto Castello Sant'Anfantino d'Algubina||Pacitalian sunset|
|Đ 5||Monte Segumanta||High-range red fox|
|Đ 10||Lacuna di Recino-Sampodoria||Pacitalian blue fox|
|Đ 20||Prime Minister Rabastano Pietro Grazzo||Argazali-Puntamena Bridge|
|Đ 50||Prime Minister Mario Nicostrato||University of Mandragora|
|Đ 100||Memorial to Pacitalian War Victims||Timiocato|
|Đ 500||Prime Minister Francesco Santo Ragazzo||Bronze-backed swordfish|
|Đ 1000||Prime Minister Domenico Porfirio Aiglia||Sceptre of Capostication|
The douro has three visible features of anti-counterfeiting. The most obvious is the holographic-metallic strike through the left side of the note (on the obverse, right on the reverse). There are numerous barcodes and related security codes on the back, and the animals on the reverse side of each note are impossible to reproduce by counterfeiters due to the complex ink ionisation process used to embed the animals between the layers of flexipolymer.
There are numerous other non-visible features, such as microscopic helix patterns and macroscopic text reading "Pacitalian Monetary Institute [number of bill denomination]". The PMI also uses ink for the note colours, that is impossible to reproduce.