Currency Stabilization
rating: 0+x

By chernobogchernobog

These changes to setting supersede the currency descriptions on pages 77-79 of the core book.

Coinage such as yen, and obols would not be split or divided as stated. Such a practice would destabilize the currency as the standardization of the unit would be impossible to ensure. Not everyone would split the coin the same way. Once split, it would be impossible to monitor the coin for further shaving from the cut edge. Shop keepers would be forced to weigh any payments they receive, thereby invalidating the purpose of minting a standardized coin: to ensure a standard unit of trade.

Rather, a credit system would arise. Since trade goods and services are likely to cost much less than a yen, or obol, these providers would need to design methods for remitting the over payment. Each goods provider would develop methods for recording excess payment and thereby grant credit to consumers available only to their own establishment. An alternative to credit would be for vendors or providers to issue tokens of trade, valued less than a yen or obol, redeemable only with their own establishment. The later method is easier on the shopkeeper's accountant, but lends itself to counterfeiting. It is assumed that based upon trust, a consumer could reverse the relationship to establish a "tab" with familiar providers. In locales ruled by less feudalistic governments, it is likely that credit issuing agencies will arise. Nexus has already been described to have such agencies in 2nd edition's The Compass of Terrestrial Directions Vol. I - The Scavenger Lands. These agencies would procure agreements from local vendors and service providers to honor the credit of their customers.

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License