[eRepublik] 1568 - Global Currency & Global Monetary Market

Day 1,568, 07:55 • Published in China Romania • by elbandido




As a new step toward stabilizing and bringing back the fun in the economy module, starting today all national currencies will be automatically traded at a fixed exchange rate.

For your convenience, all the various currencies you owned were converted into your current citizenship currency. The conversion rate was computed based on the exchange rates of the bought offers from the monetary market in the last 30 days.



1. The conversion rate:



For example, if you had before maintenance 6000 cny + 6000 ron, now you have 9600 cny + 7800 cny on a conversion rate of 1.60 cny and 1.30 ron, total you have 17400 CC (citizenship currency).

The current changes imply that there is a global currency available in the game. The name displayed is based on the citizenship you have, but in reality, the currencies are equal. For example if you change citizenship all your money will be transformed in the new currency and you will be able to use it.



2. Donating



You have RO citizenship and want to donate your friend with HU citizenship, 100 ron. He will receive 100 huf. It will not apply conversion rate anymore.



3. Selling/Buying



A. You will be able to sell at the same conditions as before, in your citizenship country or in countries where you have licenses to sell, of course with taxes being applied. If you want to sell in Croatia, for example, conversion in your currency will be made automatic at a 1:1 rate.

Also, the license utility remains the same: in order to sell in a different country you will still need a license.

B. You can buy no matter where you are in eWorld from your citizenship country marketplace, with your citizenship currency. You can buy from the country where you have residence from the marketplace, with your citizenship currency. All taxes will be applied like before.

If you want to sell something on the normal market, like food or weapons, the name of the currency will be the same as your citizenship currency. However if you want to sell something on another nations market, you think that the name would be their currency, but no, that is not correct, the name will still be your citizenship currency however it will be sold on the correct market but for their currency.

Thus, if you want to sell 10 Q6 Weapons on the Swedish Market but live in the US, I will buy your Q6 Weapons for my own SEK, however you will get USD, lets say you sell for 100 USD each, I will then buy for 100 SEK but you will get 100 USD, keep in mind the taxes for each country as well.



4. Supporting RW's



The Resistance War cost will continue to be 1000 currency, however as you cannot change currency anymore you will pay with the currency you have now and it will be "converted" into the correct currency. Thus if a Romanian and an American want to support a RW in, lets say Denmark, the Romanian will pay 1000 RON, the American will pay 1000 USD and so on, you thus dont need to exchange into Denmark's currency.



5. Monetary Market



You have only one currency in your storage, like everybody. There is only 2 way monetary market exchange, currency -> gold and gold -> currency. All currency from all over the eWorl😛 RON, BRL, USD, CNY, etc.. are equal.
That is mean everybody will see same values. Gold speculation can be made in one monetary market, and Gold will have a unique exchange rate all over the eWorld.



If you have some questions, please ask it, and i will try to answer it as fast as i can.
Best Regards.

Q&A:
...

~Chain Shout~
[eRepublik] 1568 - Global Currency & Global Monetary Market
http://www.erepublik.com/en/article/-1981938/1/20



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