Post by Imperator Rex on Dec 2, 2010 7:13:46 GMT
This is a temporary post to provide some of the basic points concerning the Regional Economy. Once the other components are in place, the Treasury Ministry and the Continental Trust will post official guidelines for these activities.
At present the Regional Economy consists of a currency system that is linked to the posts members make. As we move forward, funds will be made available for all members to engage in other activities requiring a medium of exchange. Members can set up businesses or work for government agencies to earn money to buy roleplay implements at the shop and participate in other activities on a larger scale that are sponsored by the Continental Alliance.
The Unit of Exchange in the Continental Union is the Silver Florin (ƒ). Its value is regulated by the Ministry of the Treasury. Its value is currently 1 troy ounce of silver. This equates to an RL exchange rate of ƒ1 = $27.54. Currently (or as of 28 Nov 2010) and ounce of silver is worth $27.54.
Over the next several weeks, everyone will start to see some of these currency-related activities come to life. At that point it will make more sense. Part of what we are trying to do is create a virtual macro economy that ties into most activities with the intention of mirroring RL situations. The Regional Government will generate income through its monopoly on a segment of the economy (to be determined) and tax assessments on certain transactions (mostly in the Alliance). Those funds in turn are used to dole out Florins for posts, officer salaries, roleplay prizes, and other things.
You can see your Florins on the mini profile to the left of your posts. Watch it increase as you post and do other activities. I hope this helps to explain some of the questions regarding this part of Regional Activities.
At present the Regional Economy consists of a currency system that is linked to the posts members make. As we move forward, funds will be made available for all members to engage in other activities requiring a medium of exchange. Members can set up businesses or work for government agencies to earn money to buy roleplay implements at the shop and participate in other activities on a larger scale that are sponsored by the Continental Alliance.
The Unit of Exchange in the Continental Union is the Silver Florin (ƒ). Its value is regulated by the Ministry of the Treasury. Its value is currently 1 troy ounce of silver. This equates to an RL exchange rate of ƒ1 = $27.54. Currently (or as of 28 Nov 2010) and ounce of silver is worth $27.54.
Over the next several weeks, everyone will start to see some of these currency-related activities come to life. At that point it will make more sense. Part of what we are trying to do is create a virtual macro economy that ties into most activities with the intention of mirroring RL situations. The Regional Government will generate income through its monopoly on a segment of the economy (to be determined) and tax assessments on certain transactions (mostly in the Alliance). Those funds in turn are used to dole out Florins for posts, officer salaries, roleplay prizes, and other things.
You can see your Florins on the mini profile to the left of your posts. Watch it increase as you post and do other activities. I hope this helps to explain some of the questions regarding this part of Regional Activities.
