Pacifians, the Future Currency

Johanness

Johanness

TNPer
the_north_pacific__90662.png

The Pacifia
The Future Currency of The North Pacific​

What is the Pacifia?
The Pacifia (like the Euro) is an easy-to-use currency that is made to remove the currency-division in
the North Pacific and make things such as traveling and money easier. Also, the Pacifia has been designed
to prevent counterfeiting and fake cash.

Why should I switch to the Pacifia?
The Pacifia will not only make money and cash easier, but you will have support of other Nations using
the Pacifia in things like debt, deficit, etc.

Amount of Monetary Value:
  • 1 US Dollar equals 0.54 TNP Pacifia
The Pacifian Code
-IN-PROGRESS-


Members who have signed up HAVE to change their currency in NS to "Pacifian"

List of Members
  • None currently Applied
Applications

Code: 
Nation Name:
Current Currency using:
How much your currency equals to the Pacifan: 
Why you want to join:
Restrictions:
If your nation needs to print money, just for the sake of it, please use the application below:
Code: 
Nation Name:
Amount wished to Print:
Why you want to:
More Coming Soon
Currency Symbol

zVRCEs9.png
10
Code: 
[img]http://i.imgur.com/zVRCEs9.png[/img]10
 
Syrixia does not see the necessity for a transnational currency. Here's why.

Each country on this planet is different enough that they should have different monetary policies. But they would not under this currency. A single transnational currency necessitates a single central bank, meaning that bank would set the monetary policy for all the countries using the Pacifia. This would most certainly not lead to a financially safe world. Also, for example, Country 1's problems can quickly become Country 2's if their banks own their bonds, which a transnational currency would make happen. Especially if Country 2's banks are bigger than Country 1's economy. Any kind of restructuring in Country 2 would harm Country 1's banks. Plus, it's guaranteed not all countries would enter the Pacifiazone, meaning trade would suffer, as the Pacifiazone countries would probably trade mostly with themselves, destroying the trade systems the countries of the world already have established.

In short, from an economical perspective, the Pacifia as a transnational currency is doomed to fail.
 
What is this "US Dollar" that you speak of? As well, if anyone can print Pacificans, how would you prevent worldwide inflation and economic collapse if one nation suffers from runaway inflation?
 
I believe he means the NS Dollar, which is the economic concept for the fixed exchange rate of many currencies across Eve, which is 1. NS most likely stands for "Nation-States" because many nation-states use it.
 
New Aquilia is fully solvent and responsible with a standard currency that trades well with other currencies, we do not see the need for a common currency overseen by foreign executors.

(OOC: You HAVE seen the Greek debacle right?....no way)
 
(OOC: Also, I think there's a clause somewhere in the Legal Code saying that use of the TNP flag or coat of arms outside official government usage is illegal. Correct me if I'm wrong, but I think it's considered fraud.)

EDIT: FOUND IT!
Legal Code:
Chapter 8: Cultural Declarations

1. This Chapter will include laws concerning the North Pacific's history and culture.

Section 8.1: Arms, Flag, and Seal
2. The following arms as designed by ThelDRan and revised by Eluvatar and Gulliver is adopted as the coat of arms of the North Pacific:
Posted Image
3. Each institution in the North Pacific's government may establish for itself a seal which uses the arms of the North Pacific.
4. The arms of the North Pacific may not be used except to represent the North Pacific or an official regional entity.
Click to expand...
 
(OOC: Sytarenne isn't using the arms, they're using the flag. And yes, there is a distinction. You can PM SillyString or ask the current Court/Attorney General if you don't believe me.)
 
Sytarenne:
*cough cough* EURO *cough cough*
Click to expand...
And what would a "euro" be? This is the second time you've made up a term out of nowhere, sir, so I rather doubt your project would be worth supporting if it's back by a nation that makes up terms to support the project.
 
Darcania:
Sytarenne:
*cough cough* EURO *cough cough*
Click to expand...
And what would a "euro" be? This is the second time you've made up a term out of nowhere, sir, so I rather doubt your project would be worth supporting if it's back by a nation that makes up terms to support the project.
Click to expand...
Yes, indeed, what is a Euro?
 
Agreed. Syrixia believes a meeting amongst all the major nations of Eve would be a more appropriate scenario.
 
The NSD is already being used in Eve for international trade, and it returns favorably for each nation 1:!. I still see no need for this within the TNP, if we need we can use the NSD standard.

Also what is this Euro? You refer to the region of Europe or Europeia?
 
New Aquilia:
The NSD is already being used in Eve for international trade, and it returns favorably for each nation 1:!. I still see no need for this within the TNP, if we need we can use the NSD standard.

Also what is this Euro? You refer to the region of Europe or Europeia?
Click to expand...
Europe and Europeia... we've discovered a moon of Consileen and have named it Europa, but we've not heard either of the places you mention. *wink wink nudge nudge*
 
New Aquilia:
The NSD is already being used in Eve for international trade, and it returns favorably for each nation 1:!. I still see no need for this within the TNP, if we need we can use the NSD standard.

Also what is this Euro? You refer to the region of Europe or Europeia?
Click to expand...
What is this Europeia you speak of?
 
We, most of us, Sadakhan originally came from a land called "Europe", but we're pretty sure that was a different universe. It was a very strange boat ride.
 
The Confederation will have no part in this due to the fact that it constitutes three sovereign nations (two of which are classified as free states) who each dictate their own monetary policy. Having one unified currency would harm the smaller economies.
 
The United States of New Sekai would like to join The Pacifia, however we not are willing to change our currency but use the currency for another alternate currency? (We mean, The United States of New Sekai will use the Tsuka and Pacifia. If we get accepted it?)
 
Another reason to change your currency, because on the Map Rules Nierr stated that it's about the size of North America. Trust me, I would be pissed off if I had to exchange cash every 3 days when travelling.
I don't think having an alternate currency would work out, along with the Banks. Maybe it would unlikely but there would probably be a division in your Nation between which country uses the Pacifia and which one uses the Tsuka. Anyway your nation is split up so do you want it for the Confederate States, United States, or Both?
 
Darcania:
Sytarenne:
*cough cough* EURO *cough cough*
Click to expand...
And what would a "euro" be? This is the second time you've made up a term out of nowhere, sir, so I rather doubt your project would be worth supporting if it's back by a nation that makes up terms to support the project.
Click to expand...
I said Euro because everyone else is saying that it wouldn't work out and is impossible for everyone to change their currency. But if we have plannings and meetings we could do it.
 
A united monetary policy would not work without a united fiscal policy. However, a united fiscal policy would be giving too much power to an external power.
 
Sytarenne:
Forgot to say, THIS THREAD IS IC!
Click to expand...
Thread? IC? Mr. representative from Sytarenne, please start making sense! (OOC: Or, you know, mark out OOC conversations like this. I don't know about the others, but I've remained IC throughout, since you apparently have been IC throughout this thread.)
 
Sytarenne:
OOC: Because everyone else except some people were 0 IC in this thread.
Click to expand...
(OOC: The only unmarked IC I see (heh) is a few posts at the beginning, a few posts at the end, and quite a few of your own posts. Message to everyone: Remember the following two things:Mark out your OOC statements in every RP forum except Factbooks, The Lounge, and Cartography; and the real world does not, in any way, exist in the world of TNP (this includes people, nations, and concepts like the Euro). If absolutely necessary, I will edit in OOC tags and use purpletext on those who insist on the existence of the real world in IC TNP.)
 
As the Kannexian representative said, a united monetary policy will not work without a united fiscal policy. And our nations are too dissimilar in their fiscal needs for a monetary policy such as this to work. Devaluation or even hyperinflation could result.

New Aquilia will stick with the quinque
 
It should be noted that the Mantle card already available internationally solves these concerns of exchange rate and obtaining local hard currency when needed. This card is not itself a currency but simply a transaction instrument. The exchange rates of both currencies are handled by Occidental Federal Reserve and the card is accepted in a wide range of locations.

The Pacifia would be useful to nations who do not or are not interested in printing their own currency or operate any banking system. They would of course have to follow the financial decisions made by the issuing agency of the Pacifian currency. This would also be useful to nations whose currency has collapsed. However any nation whose currency has collapsed has the option of utilizing a wide range of other nations currencies who they feel their ability to handle financial capabilities is strong. This currency could also be used for investment purposes, as a stop gap measure, or a while host of other reasons.

It's not to say that this currency does not have a place, but the question would be to whom and to what extent. It should also be noted that even in nations that do accept multiple currencies in shops, not all shops in those nations are willing to deal with the added hassle of accepting multiple currencies as it can be taxing to keep up on exchange rates.
 
I'd like to say that I'm not expecting players to apply already. This thread is just pretty much just why you should join, now. The actual switching-currencies will take place probably in 1-2 weeks. So please don't make your decisions now, I have much more to say!
 
Sytarenne:
Another reason to change your currency, because on the Map Rules Nierr stated that it's about the size of North America. Trust me, I would be pissed off if I had to exchange cash every 3 days when travelling.
I don't think having an alternate currency would work out, along with the Banks. Maybe it would unlikely but there would probably be a division in your Nation between which country uses the Pacifia and which one uses the Tsuka. Anyway your nation is split up so do you want it for the Confederate States, United States, or Both?
Click to expand...
(OOC: Actually having two or more currencies at the same time, does work because there are countries who uses two or more currencies at the same time. For example:
So can we do that?)
 
(NON-canon: In Plembobria we use are own currency, the plemp. Plemps are backed by securities in the king's toilet. Plemps are rare, even here, so we revert to plain ol' bartering.)
 
OOC:

plembobria:
Plemps are backed by securities in the king's toilet.
Click to expand...
I'm not planning for anyone to apply yet. This is more of a discussion-meeting thread. But seriously wtf is up with that king? :blink:

Edited and marked the OOC.
 
(OOC: Sytarenne, seriously, if you want people to mark their OOC statements, mark your own OOC statements. Otherwise there's no point and the whole thread gets very confusing.)
 
At least one post in this topic has been reported by at least one user and - although the reported post/s are not actionable, a general chilling down of the tone in which people address each other could be in order.

Remember that man is watching, and moderate your tone to take that into account.

-Nierr
 
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