Difference between revisions of "Maanenic Pound"

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The '''Maanenic Pound''' or '''De Gulden van Maanenland''' is the principal currency of [[Maanenland]]. Currency is not produced by the [[Central Bank of Maanenland]] but instead by individual banks and in some juristications , provinical governments. The value of the currency remains the same nationally.
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The '''Maanenic Pound''' or '''De Gulden van Maanenland''' is the principal currency of [[Maanenland]]. Currency is not produced by the [[Central Bank of Maanenland]] but instead by individual banks and in some juristications , provinical governments.  
  
 
The sign for the currency is £ or rarely ML. Both originate from the Latin for Pound. The international currency code is MNP. One Maanenic Pound is split into 100 Centipondi.
 
The sign for the currency is £ or rarely ML. Both originate from the Latin for Pound. The international currency code is MNP. One Maanenic Pound is split into 100 Centipondi.
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== History ==
 
== History ==
  
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Under old Maanenic law there is no legal tender ie. it was up to the recipient to choose if they wish to reject notes in exchange for payment of debt.This created a highly complex banking system. The value of currency was known to vary wildly across the nation, for instance the [[Royal Cliffton]] currency traditionally have a very high value wheras [[Eastern and Provincial]] currency tends to be very low. With advancements in banking systems and movement away from small local shops to supermarkets the arrangement became unworkable.
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The current currency mechanism developed from pre-union times whereby each individual kingdom had it's own currency as did each of their local banks. When Maanenland united for the first time in the 11th century there was no agreement on a currency union as it was ultimatly a military and political union.  
  
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Under the [[Maanenland Economic Region Act 1964]] all regional currencies were pegged to the central currency although regional banks were still responsible for the printing of their own indivudal currencies. The Central Bank also created one national currency that was legal tender throughout the nation.
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Even following the standardification schemes of the 18th century the currency systems were left untouched although the number of currencies had dwindled from around 3,000 to just 56 by 1990.
  
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== Regional Currencies ==
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== Currency System ==
  
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Although all currencies are pegged to the same rate some currencies are inherently worth more than others unofficialy. Due to higher interest rates or more commonly , the increase of value of which the product is fixed to.
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Each issuing institution must abide by the [[Maanenland Tonnage and Poundage Act 1923]] , this stipulates that every currency issued must be tied to a fixed object and that the currency must be equivalent to a '''Standard Maanenic Pound''' value of that product. The '''SMR Index''' is used to regulate how much a Standard Maanenic Pound is and is fixed on a tri-monthly basis by the [[ Department of Internal Revenues and Poundage (Maanenland) | Department of Internal Commerce]]. In terms of pricing all prices are given in '''Maanenic Pounds''' and it is up to the shopkeeper whether they choose to accept the currency as payment for the product. The only legal tender is the '''Maanenland Government Pound''' which is fixed directly to the SMR , ie. 1 Standard Maanenic Pound = 1 Maanenland Government Pound.
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== 20 Most Common Currencies ==
  
 
{| border="1" align="right" style="text-align:center;"
 
{| border="1" align="right" style="text-align:center;"
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| 19 || Northern Star || [[Hollings Valley]] , [[Chatham]] , [[Mountain Districts]] , [[Cliffton Duchy]] || Despite it being based in the north , it's currency has been commonly used for products from the south to the industrial north. Preffed currency of these regions.
 
| 19 || Northern Star || [[Hollings Valley]] , [[Chatham]] , [[Mountain Districts]] , [[Cliffton Duchy]] || Despite it being based in the north , it's currency has been commonly used for products from the south to the industrial north. Preffed currency of these regions.
 
|-
 
|-
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| 20 || National [[New Westminster]] || [[Greater Stretford]] , [[Cliffton Duchy]] || Currency issued by the [[Civil Rankings of Maanenland | Lord Lieutenant]] . Growing in popularity.
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| 20 || National [[New Westminster]] || [[Greater Stretford]] , [[Cliffton Duchy]] || Currency issued by the [[Civil Rankings of Maanenland | Lord Lieutenant]] . Growing in popularity.|}
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}
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== Exchange Rates ==
 
== Exchange Rates ==

Revision as of 12:22, 22 February 2006

The Maanenic Pound or De Gulden van Maanenland is the principal currency of Maanenland. Currency is not produced by the Central Bank of Maanenland but instead by individual banks and in some juristications , provinical governments.

The sign for the currency is £ or rarely ML. Both originate from the Latin for Pound. The international currency code is MNP. One Maanenic Pound is split into 100 Centipondi.

History

The current currency mechanism developed from pre-union times whereby each individual kingdom had it's own currency as did each of their local banks. When Maanenland united for the first time in the 11th century there was no agreement on a currency union as it was ultimatly a military and political union.

Even following the standardification schemes of the 18th century the currency systems were left untouched although the number of currencies had dwindled from around 3,000 to just 56 by 1990.

Currency System

Each issuing institution must abide by the Maanenland Tonnage and Poundage Act 1923 , this stipulates that every currency issued must be tied to a fixed object and that the currency must be equivalent to a Standard Maanenic Pound value of that product. The SMR Index is used to regulate how much a Standard Maanenic Pound is and is fixed on a tri-monthly basis by the Department of Internal Commerce. In terms of pricing all prices are given in Maanenic Pounds and it is up to the shopkeeper whether they choose to accept the currency as payment for the product. The only legal tender is the Maanenland Government Pound which is fixed directly to the SMR , ie. 1 Standard Maanenic Pound = 1 Maanenland Government Pound.

20 Most Common Currencies

Top 20 Most Common Regional Currencies
Rank Currency Primary Region Description
1 Royal Cliffton bank Pound Nationwide Primary mass finance currency
2 National Industrial Dividend Pound Nationwide Primary heavy industrial currency
3 Duchy Bank Dollar Cliffton Duchy Very high interest rate makes it a very high value currency but liable to strong fluctuations. Used mainly for high-risk overseas ventures.
4 Ternpool Savings Pound Ternpool Province Primary retail currency as many shops offer discounts for using this currency , seen as a very stable and average worth currency.
5 Maanenland Government Pound Nationwide The governments own currency that it uses for day-to-day adminstration. Primary currency for tourists and visitors. Seen as a low value currency but very stable.
6 United Industrial Bank Pound Portland Province Secondary heavy industrial currency , low return on savings but low loan rates.
7 Monarch Bank Pound Kingsborough Primary currency for private investments.
8 Industrial Union Nationwide All purpose currency with typical ownership in lower socio-economic bands. Weak strength currency but high-returns.
9 Maanen Maritime and Imperial Portland Province , Ternpool , Dycan Valley , Kingsborough , Cliffton Duchy Most common currency amongst small-scale maritime concerns.
10 Cliffton Duchy Cliffton Duchy Rare to be seen outside the province , currency issued by the provincial government.
11 Bank of Westhouse Plainston and Stanston Primary agricultural currency but remains by far the majority currency in all eastern territories.
12 Stretford Pound Greater Stretford Primary currency issued by the government in Greater Stretford.
13 New World Bank Pound Nationwide Former largest currency until financial concerns at the bank rocked consumer confidnce.
14 North Eastern Union Ternpool , Portland , Western Peaks District Local government issued currency , very rare to be seen outside of the North Eastern Economic Region.
15 Imperial Bank of Calder Nationwide Extremely low worth currency , more affluent areas refuse to accept notes.
16 Independant and Vanguard Greater Stretford High value currency primarilly used as reserve currency.
17 Ternlake Associated Dycan Valley , Greater Stretford , Ternpool , Kingsborough , Cliffton Duchy General everyday currency for all purpose , average strength.
18 Royal Chester and Oakham Bank Chesterford , Oakham , Western Peak Districts , Plains County , Calder Privitised state owned bank , unstable currency that is rapidly losing popularity.
19 Northern Star Hollings Valley , Chatham , Mountain Districts , Cliffton Duchy Despite it being based in the north , it's currency has been commonly used for products from the south to the industrial north. Preffed currency of these regions.
20 National New Westminster Greater Stretford , Cliffton Duchy Currency issued by the Lord Lieutenant . Growing in popularity.|}

Exchange Rates

See http://nseconomy.thirdgeek.com/nseconomy.php?nation=maanenland&exchange=1

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