Editing Eagle (currency)
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Line 1: − {{Otheruses|the currency|other uses|Eagle}} − The '''Eagle''' or '''M-Bill''' is the [[House Bill]] of the [[Free Worlds League]]. The '''Eagle''' or '''M-Bill''' is the [[House Bill]] of the [[Free Worlds League]]. − [[File:Eagle (currency).jpg|right|thumb|Free Worlds League Eagle Currency Notes]] + [[File:Eagle (currency).jpg|right|thumb|Free Worlds Leage Eagle Currency Notes]] == Overview == == Overview == − Originally there was no common currency for the Free Worlds League, with each province maintaining their own legal tender. With the dissolution of the Terran Alliance and subsequent devaluing of the Terran dollar, the value of these currencies was backed up by precious commodities, such as petroleum or rare earths. Eventually, after years of lengthy and heated debates, Parliament adopted its own legal tender in [[2353]], the M-Bill or "Eagle", backed by [[Germanium]] (in unrelated developments, [[Arcadia Mining Corporation]] had discovered a massive lode of germanium in the [[Irian]] system and pledged it to the federal government as part of a very lucrative deal).<ref name=HMTFWL123>''House Marik (The Free Worlds League)'', p. 123</ref> Provinces still maintained the right to print their own currency though, and would continue to do so until [[3040]]. These currencies were broadly interchangeable, albeit with occasional confusion and problems (especially between rival provinces).<ref name=HHM124>''Handbook: House Marik'', p. 124</ref> + Originally there was no common currency for the Free Worlds League, with each province maintaining their own legal tender. With the dissolution of the Terran Alliance and subsequent devaluing of the Terran dollar, the value of these currencies was backed up by precious commodities, such as petroleum or rare earths. Eventually, after years of lengthy and heated debates, Parliament adopted its own legal tender in [[2353]], the M-Bill or "Eagle", backed by [[w:Germanium|germanium]] (in unrelated developments, [[Arcadia Mining Corporation]] had discovered a massive lode of germanium in the [[Irian]] system and pledged it to the federal government as part of a very lucrative deal).<ref name=HMTFWL123>''House Marik (The Free Worlds League)'', p. 123</ref> Provinces still maintained the right to print their own currency though, and would continue to do so until [[3040]]. These currencies were broadly interchangeable, albeit with occasional confusion and problems (especially between rival provinces).<ref name=HHM124>''Handbook: House Marik'', p. 124</ref> − − Given the strength of the FWL economy at the time, the adoption of germanium eventually caused the other major powers to do the same within a decade.<ref name=HMTFWL123/> This use of commodity-based currency would have dire consequences in later centuries though. During the first of the Succession Wars, the federal government had to spend more money than it could possibly pay and was forced to use government scrip to pay for conscripting personnel and resources, which could be redeemed for germanium at a later date. After the war ended, the scrips became due, but the government had only a fraction of the germanium available to pay out, causing widespread unrest within the League.<ref name=HMTFWL125>''House Marik (The Free Worlds League)'', p. 125</ref> − For much of its history the M-Bill was only available in electronic format, managed by the Free Worlds Central Bank headquartered on Atreus. The disruption caused by the Succession Wars eventually forced the Central Bank to begin printing hard currency, using a tamper-proof polymer vellum with images printed on them via induction-field electrophoresis.<ref name=HMTFWL125/><ref name=HHM124/> Six mints were eventually established, on [[Atreus (FWL)|Atreus]], [[Marik]], [[Regulus]], [[Oriente]], [[Andurien]] and [[Concord]], as well as coin-based currency.<ref name=HHM124/> In [[3025]], one M-Bill was roughly equivalent to US$3.50 (1988) and 0.70 [[C-bill]]s.<ref name=HMTFWL125/> By September [[3067]], the growth of the FWL economy had improved its exchange rate with the C-Bill to 0.95.<ref>''Handbook: House Marik'', p. 123</ref>+ Given the strength of the FWL economy at the time, the adoption of germanium eventually caused the other major powers to do the same within a decade.<ref name=HMTFWL123/> This use of commodity-based currency would have dire consequences in later centuries though. During the first of the Succession Wars, the federal government had to spend more money than it could possibly pay and was forced to use government script to pay for conscripting personnel and resources, which could be redeemed for germanium at a later date. After the war ended, the scripts became due, but the government had only a fraction of the germanium available to pay out, causing widespread unrest within the League.<ref name=HMTFWL125>''House Marik (The Free Worlds League)'', p. 125</ref> − During the [[Dark Age]], the exchange rate with the C-Bill was of 0.52 prior to the Blackout and 1.39 after the blackout, and after the separation of the Free Worlds League, only the [[Marik-Stewart Commonwealth]] using the Eagle.<ref name="ED:DAp27">''Era Digest: Dark Age'', p. 27: "Currency Conversion Table (Dark Age)"</ref>+ For much of it's history the M-Bill was only available in electronic format, managed by the Free Worlds Central Bank headquartered on [[Atreus]]. The disruption caused by the Succession Wars eventually forced the Central Bank to begin printing hard currency, using a tamper-proof polymer vellum with images printed on them via induction-field electrophoresis.<ref name=HMTFWL125/><ref name=HHM124/> Six mints were eventually established, on Atreus, [[Marik]], [[Regulus]], [[Oriente]], [[Andurien]] and [[Concord]], as well as coin-based currency.<ref name=HHM124/> In [[3025]], one M-Bill was roughly equivalent to $3.50 USD (1988) and 0.70 [[C-Bill]]s.<ref name=HMTFWL125/> By September [[3067]], the growth of the FWL economy had improved it's exchange rate with the C-Bill to 0.95.<ref>''Handbook: House Marik'', p. 123</ref> == Current mints within the Free Worlds League == == Current mints within the Free Worlds League == Line 21:
Line 17: </gallery> </gallery> − == Free Worlds League Coins ==+ == References == − <gallery> − File:Free Worlds League Currency Coins.jpg|Free Worlds League Currency Coins − </gallery> − − ==References== <references/> <references/> − ==Bibliography== + == Bibliography == + * ''[[House Marik (The Free Worlds League)]]'' * ''[[Handbook: House Marik]]'' * ''[[Handbook: House Marik]]'' − * ''[[House Marik (The Free Worlds League)]]'' [[Category:Currency]] [[Category:Currency]]
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The '''Eagle''' or '''M-Bill''' is the [[House Bill]] of the [[Free Worlds League]]. | The '''Eagle''' or '''M-Bill''' is the [[House Bill]] of the [[Free Worlds League]]. | ||
| − | [[File:Eagle (currency).jpg|right|thumb|Free Worlds | + | [[File:Eagle (currency).jpg|right|thumb|Free Worlds Leage Eagle Currency Notes]] |
== Overview == | == Overview == | ||
| − | Originally there was no common currency for the Free Worlds League, with each province maintaining their own legal tender. With the dissolution of the Terran Alliance and subsequent devaluing of the Terran dollar, the value of these currencies was backed up by precious commodities, such as petroleum or rare earths. Eventually, after years of lengthy and heated debates, Parliament adopted its own legal tender in [[2353]], the M-Bill or "Eagle", backed by [[Germanium]] (in unrelated developments, [[Arcadia Mining Corporation]] had discovered a massive lode of germanium in the [[Irian]] system and pledged it to the federal government as part of a very lucrative deal).<ref name=HMTFWL123>''House Marik (The Free Worlds League)'', p. 123</ref> Provinces still maintained the right to print their own currency though, and would continue to do so until [[3040]]. These currencies were broadly interchangeable, albeit with occasional confusion and problems (especially between rival provinces).<ref name=HHM124>''Handbook: House Marik'', p. 124 | + | Originally there was no common currency for the Free Worlds League, with each province maintaining their own legal tender. With the dissolution of the Terran Alliance and subsequent devaluing of the Terran dollar, the value of these currencies was backed up by precious commodities, such as petroleum or rare earths. Eventually, after years of lengthy and heated debates, Parliament adopted its own legal tender in [[2353]], the M-Bill or "Eagle", backed by [[w:Germanium|germanium]] (in unrelated developments, [[Arcadia Mining Corporation]] had discovered a massive lode of germanium in the [[Irian]] system and pledged it to the federal government as part of a very lucrative deal).<ref name=HMTFWL123>''House Marik (The Free Worlds League)'', p. 123</ref> Provinces still maintained the right to print their own currency though, and would continue to do so until [[3040]]. These currencies were broadly interchangeable, albeit with occasional confusion and problems (especially between rival provinces).<ref name=HHM124>''Handbook: House Marik'', p. 124</ref> |
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| − | + | Given the strength of the FWL economy at the time, the adoption of germanium eventually caused the other major powers to do the same within a decade.<ref name=HMTFWL123/> This use of commodity-based currency would have dire consequences in later centuries though. During the first of the Succession Wars, the federal government had to spend more money than it could possibly pay and was forced to use government script to pay for conscripting personnel and resources, which could be redeemed for germanium at a later date. After the war ended, the scripts became due, but the government had only a fraction of the germanium available to pay out, causing widespread unrest within the League.<ref name=HMTFWL125>''House Marik (The Free Worlds League)'', p. 125</ref> | |
| − | + | For much of it's history the M-Bill was only available in electronic format, managed by the Free Worlds Central Bank headquartered on [[Atreus]]. The disruption caused by the Succession Wars eventually forced the Central Bank to begin printing hard currency, using a tamper-proof polymer vellum with images printed on them via induction-field electrophoresis.<ref name=HMTFWL125/><ref name=HHM124/> Six mints were eventually established, on Atreus, [[Marik]], [[Regulus]], [[Oriente]], [[Andurien]] and [[Concord]], as well as coin-based currency.<ref name=HHM124/> In [[3025]], one M-Bill was roughly equivalent to $3.50 USD (1988) and 0.70 [[C-Bill]]s.<ref name=HMTFWL125/> By September [[3067]], the growth of the FWL economy had improved it's exchange rate with the C-Bill to 0.95.<ref>''Handbook: House Marik'', p. 123</ref> | |
== Current mints within the Free Worlds League == | == Current mints within the Free Worlds League == | ||
| Line 21: | Line 17: | ||
</gallery> | </gallery> | ||
| − | + | == References == | |
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| − | ==References== | ||
<references/> | <references/> | ||
| − | ==Bibliography== | + | == Bibliography == |
| + | * ''[[House Marik (The Free Worlds League)]]'' | ||
* ''[[Handbook: House Marik]]'' | * ''[[Handbook: House Marik]]'' | ||
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[[Category:Currency]] | [[Category:Currency]] | ||