Proposal | AIN Union Wide Currency

Wednesday, November 4th, 2009

The United Republic of Escambia & The Dependency of Cap-Pelé seeks to bring the following proposal before the General Assembly of the AIN

The proposal before the General Assembly today is as follows:

A Union Wide Currency for the Alliance of Independent Nations

The following proposal would be named the AINERO

Each AINERO coins would feature the same front, but different back for each country in AIN.

Coins:
1 AINERO
2 AINERO's
Values Under 1 AINERO
1 AINERO Pence = .1 AINERO
5 AINERO Pence = .5 AINERO
10 AINERO Pence = .10 AINERO
25 AINERO Pence = .25 AINERO
50 AINERO Pence = .50 AINERO

Paper Currency:
5 AINERO's
10 AINERO's
20 AINERO's
50 AINERO's
100 AINERO's
500 AINERO's

Prototype of AINERO 5-500


Prototype of 1 AINERO


2 AINERO Prototype

Back:

hahaha i like your use of the methodist cross . its a good idea.

The only problem is it would be more practical for Lisieux to use the euro since we are a european country.

Tyler wrote:hahaha i like your use of the methodist cross . its a good idea.

Methodist? Its also used in for Lutherans. And I understand Euro is practical for you. But its also the same for Cap-Alleé, Cap-Pelé, and Petrova. An Union wide currency would allow for better trade between all our nations. As the President of AIN, i personally discourage the use of another Union's currency, as Euro is part of the European Union

We have a giant one on the side of our church

I know Tyler. Im aware of it. But please keep your comments on topic

oh ok . are we gonna vote on this or somethin?

Well right now your showing your support or no-support of the proposal. And you can suggests improvement or any ideas towards the AINERO.

I am in full support.

Escambia also is in full support. If passed. Each nation will have its own custom backside for the coins btw

hmm i'm kinda in the middle on this one.. I think that Lisieux will probably use the Euro because we have much more trade with European countries and most tourists to Lisieux are from Europe. Also, it wouldn't be very good to change our currency already as we haven't even been a country for a year yet.

Okay great... One opposed.

I do have to compliment you though. The money looks nice

Fornax, Rafforsia and West Borneo have supported the implementation of the Ainero. However, if implemented, Fornax and Rafforsia will not make the Ainero as their national currency (Fornax consists of different countries with their own currencies while Rafforsia uses the Raffi).

West Borneo will use the Ainero as their official currency if implemented. Currently, West Borneo is using the Malaysian Ringgit.

we support ....one question: so does that mean like each country has their own coin?

Uthwenia supports this.

Peter wrote:we support ....one question: so does that mean like each country has their own coin?

Well in a way yes Peter. Each Nation for the 1 AINERO and 2 AINERO coins will have there own back. Similar to the U.S. Quarter State Series and what the European Union does with the Euro coins. But all AINERO coins no matter what country on the back will be accepted in AIN Nations. Example, Say im in Petrova with a pocket full of 1 or 2 AINERO's with Escambia backs. I would legally be able to use them. So Basically there will be a range of different backs for the AINERO coin series. Any Questions?

Aranho wrote: Fornax, Rafforsia and West Borneo have supported the implementation of the Ainero. However, if implemented, Fornax and Rafforsia will not make the Ainero as their national currency (Fornax consists of different countries with their own currencies while Rafforsia uses the Raffi).
West Borneo will use the Ainero as their official currency if implemented. Currently, West Borneo is using the Malaysian Ringgit.

Okay sounds good. Were not forcing countries to make this an official national currency, we'd like to see that. But like in the case of Rafforsia using the Raffi, there might be strong heritage behind the Raffi. In that case we would like all AIN Nations to accepted the currency in there nations.



Also Might i add. I photoshopped the coins, and Max did the paper currency just so everyone knows If this proposal passes, Novland National Mint will produce all the AINERO paper currency, while the Escambia National Mint will produce all the coins at the no cost to the other nations in AIN. So hopefully that will help all nations will there troubling economies to not have to worry about the cost of producing money

Aleksania is not in support of the AINERO. The reasons being as follows:

Aleksania does 73% of its trade with the United States, and receives tariff reductions on Aleksanian products for using the US Dollar.

Aleksania does 10% of it's trade with other countries that use the US Dollar.

The Republic of Aleksania is bound by treaty with the United States to use the US Dollar until 2050, as part of the agreement for its independents, and changing currencies before that date would violate Aleksania's constitution.

Aleks did you not see my comment above? If this passes your are not forced to change your currency. Only accepted it as another national currency

yes, i do know i forgot to check to see if there was a second page :oops: opps...

Aleksania's decision still stands for the following reason:

Because of all the AIN member nations have different and diverse economies, putting it simply, if one goes down, the rest fall

aleksfacco wrote:Aleksania's decision still stands for the following reason:

Because of all the AIN member nations have different and diverse economies, putting it simply, if one goes down, the rest fall

Again Aleks. This is not replacing any National currency unless the nation chooses to. So if theres 2 currencys the nation wont necessarily fall if it has different currency. For example. Say the AINERO falls, Aleksania still has the U.S. Dollar. (which i wouldnt trust ) But still. Theres really no risk in if the AINERO falls all nations will fall

Aleks if that the case than all of Europe is screwed because they all use the Euro.

Let me re-word that. What Im trying to say is that in a smaller region where all the countries are together, yes it works. But the AIN nations are all over the world (some not on this world, i think (aran?)), so it kinda dispenses with the convenience of it, and a lot of AIN nations are using established currencies (like the euro), and with the recession (sim world) i dont think it would be that good for the economies of AIN nations. if anything, i think we should wait until the global economy is stronger.

also, by fall i meant economically