Re: WA Reserve Currency Debate

Kingdom of Scottlands Thu Jan 22, 2015 3:26 am

The Scottish Republic has no own currency. We are using the Euro as our currency with approval from Eurussia because he has a very large economy and is good in handling policies maintaining stability in the world that is benefitting us and our economy. In fact we established a special bank to handle the Euro in Scottlands which I think gets its money from Eurussia national Bank. If we approve the Euro as a reserve currency that would be good at least our citizens can easily pay anywhere in the world using the Euro without changing currencies. I support.

Great Eurussia Thu Jan 22, 2015 6:09 pm

Snarfia wrote:Whe should maintain our own currency but accept the reserve currency as a second payment thing which people from other country's can use to pay in you country without having to switch to the foreign currency.

Other than having an international reserve currency, this is a great recommendation to further boost the global system of financial transactions. On these note, Eurussia will be honored to officially suggest that our "EURO" become the recognized international reserve currency.

However, we wish to know if there is any opposition?

Muchos Estados Unidos Fri Jan 23, 2015 12:03 pm

The US Government has no opposition and we support the euro and the US dollar.

Snarfian Federation Fri Jan 23, 2015 9:57 pm

Snarfia is in Favor of naming it the Euro as long as it doesn't fail like the real one ;-)

Apepistan Fri Jan 23, 2015 10:05 pm

Great Eurussia wrote:
Apepistan wrote:

If we choose an already existing national currency for this, it's basically aiding the possible hegemony of that nation.
On the first thing, Eurussia believes that the possibility of hegemony remains a political question and in the first place is not the focus of our discussions, but the global economy alone.

Yet it is a part of the current discussion, even if not directly the main topic. If we choose a national currency as a reserve, that of an economically stable or/and strong nation, it will instantly become the interest, or later even the must, of other nations to improve that economy on which the currency is based on, if they invested in it, ultimately serving the "host" nation.

Great Eurussia Fri Jan 23, 2015 11:33 pm

Apepistan wrote:
Great Eurussia wrote:
Apepistan wrote:

If we choose an already existing national currency for this, it's basically aiding the possible hegemony of that nation.
On the first thing, Eurussia believes that the possibility of hegemony remains a political question and in the first place is not the focus of our discussions, but the global economy alone.

Yet it is a part of the current discussion, even if not directly the main topic. If we choose a national currency as a reserve, that of an economically stable or/and strong nation, it will instantly become the interest, or later even the must, of other nations to improve that economy on which the currency is based on, if they invested in it, ultimately serving the "host" nation.

But those are hypothetical conclusions which doesn't negate the benefits of adopting an official international reserve currency which will greatly benefit the global economy a lot. And the financial and banking systems of almost all country in the world.

Kingdom of Scottlands Tue Jan 27, 2015 1:40 am

Euro is also accepted in Scottlands along with Scottish Pounds.

Kingdom of Ireland Tue Jan 27, 2015 4:47 am

Many currencies are accepted in Russia. But further more we are against this.

England and Wales Tue Jan 27, 2015 5:04 am

We use the Euro as our currency but we dont mind this idea

Kingdom of Ireland Tue Jan 27, 2015 5:06 am

The Euro is a secondary currency in Russia. We are considering switching over to it.

Kingdom of Scottlands Sat Jan 31, 2015 6:56 pm

Empire of Russia wrote:The Euro is a secondary currency in Russia. We are considering switching over to it.

We are also considering to abolish our currency and use the Euro of Great Eurussia since they have proven to have a strong and stable economy.

Muchos Estados Unidos Sun Feb 08, 2015 5:43 pm

I will propose a law about this discussion. Please support it.

UnitedStatesOfScouting Thu Feb 26, 2015 12:38 am

Due to the inactivity of the discussion, I hereby close discussion.

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