>>24140451No need to anchor this, I'm working on a combined lore document for nasfaqg and I'll include this answer word for word (minus this disclaimer) in that document. Also congratz on your climbing, 1st page soon!There would be three different kinds of currency used in and by the Serene Republic.
>1. Nasfaq DollarsThe first is a pure fiat currency, its value comes from the Dev Council backing it, and from every trader in the Republic considering it valuable. As fiat, this currency is subject to inflation and deflation. We shall call this currency the "Nasfaq Dollar", symbol $, code NAD, also known as "Dollar", "Nsfq$", "Nas$", or "NA$". The Nsfq$ takes the form of printed paper bills and paper shares from the NASFAQ Stock Exchange.
The paper bills and the shares are used interchangeably, but the paper shares fluctuate wildly in value, which may be confusing to outsiders, but natives of the Republic are expected to know the daily values of each share.
A Nsfq$ is divided into 100 cents, but these cents are not used for trade as the dollar has inflated to the point where there is no point in even thinking about the cents.
This fiat currency is mostly used for internal trading. It is also considered a universal currency within the Serene Republic, so visitors from outside are encouraged (but not forced) to exchange their local currencies to the nsfq$ for their and everyone else's convenience. Time is money and determining the relative values of hundreds of different coins in the Grand Market wastes everyone's time.
This currency is the equivalent to your account balance / liquid in-game.
>2. Precious metalsThe second currency is cold hard precious metals, primarily gold and silver. These metals are often not even minted, and are instead traded by block, their values being their weight in gold/silver. This is the currency the Serene Republic would use for external trade, understanding that not all nations are willing to accept fiat currencies.
>3. Special Gold CoinsThe third currency are special gold coins. These gold coins are minted from pure gold and a hint of appropriate chuubanite and prepared in such a way that they cannot be tampered easily, i.e, wrapped in a cloth with official seal, or minted with a special seal. The value of these coins is semi-fiat, as in, it is the sum of the precious metal used in the coin as well as a value that is tied to how a certain chuuba has been doing. I dont know how exactly to consolidate this in-universe, maybe the value of the coin is partially based on how energetic the chuubanite of a certain affinity is. E.g., if Kronii has a good day, the coins associated with her rise in value by an appropriate amount.
Chuubanite standard?This third currency is also used mostly as an internal currency, and is an option for outsiders to exchange their currencies into. However, due to the nature of how the value of these coins are evaluated, they are not exactly as stable as the fiat currency is.
Pic purely for example reasons, not necessarily lore-accurate.
