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The '''New Alexandrian écu''' (NAX€) is the official currency of the [[Nouvelle Alexandrie|Federation of Nouvelle Alexandrie]]. The écu is divided into 100 cents and is inspired by the currency of [[Alduria]] and [[Alexandria]].
The '''New Alexandrian écu''' (NAX€) is the official currency of the [[Nouvelle Alexandrie|Federation of Nouvelle Alexandrie]]. It is also used in [[Constancia]], [[Ransenar]], and the Natopian demesne of [[Dos Gardenias]]. The currency is divided into 100 cents and is inspired by the currencies of [[Alduria]] and [[Alexandria]]. The name écu was adopted in {{AN|1685}} after the passage of the [[New_Prosperity_Plan#Economic_programs|National Economy Act]] by the [[Federal Constituent Assembly]]. It replaced both the [[Aldurian écu]] and the [[Wechu sol|Wechua sol]]as the official currency of the Federation. Both currencies were phased out over the next five years, {{AN|1685}}-{{AN|1690}}, as the country built a new financial and banking system.


The currency is also used officially in other parts of the world, such as [[Constancia]], [[Ransenar]], and in the [[Dos Gardenias|Natopian demesne of Dos Gardenias]].
==History==
The écu was originally the official currency of [[Alexandria]] and was later adopted by [[Alduria]] as a nod to its [[Alexandrian people|Alexandrian heritage]]. The [[Wechu sol|sol]] was the official currency of the [[Wechua Nation]], but it was a weak currency until the early 1680's. Proposals to create a common market between [[Alduria]] and the [[Wechua Nation]] became more popular in the 1680s with the arrival of [[Aldricism|Neo Aldricism]] to both nations. The [[Committee for Alduro-Wechu Integration]] was established to work towards this goal. It was the work of this Committee that led to the creation of the [[Alduria-Wechua|Federation]].


The name écu was officially adopted in {{AN|1685}} after the passage of the [[New_Prosperity_Plan#Economic_programs|National Economy Act]] by the [[Federal Constituent Assembly]]. It replaced both the [[Aldurian écu]] and the [[Wechu sol|Wechua sol]] as the official currency of the Federation. Both currencies are being phased out over the course of the [[New_Prosperity_Plan#First_Plan_.281685-1690.29|next five years]], {{AN|1685}}-{{AN|1690}}.
==Administration==
The écu is managed and administered by the [[Federal Bank of Nouvelle Alexandrie]] (FBNA) based in [[Cárdenas]]. The FBNA consists of the Bank itself and the former national central banks of [[Alduria]] and the [[Wechua Nation]]. The FBNA participates in the printing, minting, and distribution of notes and coins and operates the national payment systems. The bank is responsible for setting monetary policy and preserving the stability of the écu. The FBNA is an independent institution with a high degree of autonomy in decision-making processes. The bank has a board of governors and operates through a network of regional branches and offices located throughout the member states, with the headquarters located in [[Cárdenas]].


==History==
==Characteristics==
* The écu was the official currency of [[Alexandria]]. Later, [[Alduria]] adopted it as a nod to its [[Alexandrian people|Alexandrian heritage]].
The New Alexandrian écu is a well-regarded currency with a stable exchange rate and low inflation. It is widely used as a medium of exchange and store of value, both domestically and internationally. The currency is recognized as a benchmark for stability and reliability, and is used in various financial transactions and investments. The New Alexandrian écu continues to play an important role in the economic growth and stability of [[Nouvelle Alexandrie]].
* The sol was the official currency of the [[Wechua Nation]]. It was a very weak currency that didn't quite obtain durable stability and dependability until the early 1680's.
* Proposals to create a common market between [[Alduria]] and the [[Wechua Nation]] were always plentiful. Both nations grew close in trade and due to sharing cultural heritage. Many of these proposals did not catch fire until the 1680's, with the arrival of [[Aldricism|Neo Aldricism]] to [[Alduria]] and to the [[Wechua Nation]].
* [[Committee for Alduro-Wechu Integration]].


==Administration==
==Currency Sign==
The écu is managed and administered by the [[Federal Bank of Nouvelle Alexandrie]] (FBNA), based in [[Cárdenas]]. The FBNA consists of the Bank itself and the former national central banks of [[Alduria]] and the [[Wechua Nation]]. The FBNA participates in the printing, minting, and distribution of notes and coins as well as the operation of the national payment systems. The FBNA is also responsible for setting monetary policy and maintaining the stability of the écu by monitoring the monetary and financial systems of the member states. It is an independent institution with a high degree of autonomy in its decision-making processes, with the goal of preserving the value and purchasing power of the écu.
The currency sign representing the New Alexandrian écu is €. The same currency sign was previously used by multiple countries such as the [[Shireroth|Shirerithian]] [[Shirerithian erb|erb]] and the [[Ransenar|Ransenari]] [[Ransenari erb|erb]]. Internal New Alexandrian regulations state that the currency sign should precede the numeric amount, but this is only applicable to government departments and agencies.


The bank has its own board of governors and conducts its operations in accordance with the principles of sound monetary policy and sustainable economic growth. The bank operates through a network of regional branches and offices located throughout the member states, with the headquarters located in [[Cárdenas]].
==Coins and Banknotes==
The New Alexandrian écu has banknotes in denominations of:
* NAX€1;
* NAX€5;
* NAX€10;
* NAX€20;
* NAX€50;
* NAX€100.


==Characteristics==
Coins are available in 1¢, 5¢, 10¢, 25¢, NAX€1, NAX€2, and NAX€5 denominations.
The New Alexandrian écu has become a well-regarded currency, with a stable exchange rate and low inflation. It is widely used as a medium of exchange and store of value, both domestically and internationally. The currency is also recognized as a benchmark for stability and reliability, and is used in a variety of financial transactions and investments. The New Alexandrian écu continues to play an important role in the economic growth and stability of the [[Nouvelle Alexandrie|Federation of Nouvelle Alexandrie]].


===Currency sign===
==Payments Clearing and Electronic Funds Transfer==
The currency sign that represents the [[Nouvelle Alexandrie|New Alexandrian]] écu is €. Before the creation of the écu, the same currency sign was in wide issue by multiple countries, past and present, notably the [[Shireroth|Shirerithian erb]], the [[Ransenari erb]], among others.
The [[Federal Bank of Nouvelle Alexandrie]] provides clearing services for payments made in the New Alexandrian écu and facilitates electronic funds transfers between financial institutions.


The placement of the currency sign relative to the numeric amount varies widely. Internal New Alexandrian regulations however have stated that it should precede the amount, but these are only applicable to government departments and agencies.
[[POSTBank]] is also a trusted and reliable institution that offers its customers a convenient and secure electronic funds transfer services, helping them to easily transfer funds from one account to another.


===Coins and banknotes===
==Exchange Rates==
===Payments clearing and electronic funds transfer===
Exchange rates for the New Alexandrian écu are determined by the [[Federal Bank of Nouvelle Alexandrie]], based on market conditions and other economic factors.
==Exchange rates==


==See also==
==See also==

Revision as of 04:18, 31 January 2023

{{{1}}} This article or section is a work in progress. The information below may be incomplete, outdated, or subject to change.
New Alexandrian écu
Denominations
Subunit
 1⁄100 Centimes
Symbol NAX€
Nickname "Escudo"
Banknotes NAX€1, NAX€5, NAX€10, NAX€20, NAX€50, NAX€100
Coins 1¢, 5¢, 10¢, 25¢, WAE€1, WAE€2, WAE€5
Demographics
User(s) Nouvelle Alexandrie Nouvelle Alexandrie
Unofficial user(s)

The New Alexandrian écu (NAX€) is the official currency of the Federation of Nouvelle Alexandrie. It is also used in Constancia, Ransenar, and the Natopian demesne of Dos Gardenias. The currency is divided into 100 cents and is inspired by the currencies of Alduria and Alexandria. The name écu was adopted in 1685 AN after the passage of the National Economy Act by the Federal Constituent Assembly. It replaced both the Aldurian écu and the Wechua solas the official currency of the Federation. Both currencies were phased out over the next five years, 1685 AN-1690 AN, as the country built a new financial and banking system.

History

The écu was originally the official currency of Alexandria and was later adopted by Alduria as a nod to its Alexandrian heritage. The sol was the official currency of the Wechua Nation, but it was a weak currency until the early 1680's. Proposals to create a common market between Alduria and the Wechua Nation became more popular in the 1680s with the arrival of Neo Aldricism to both nations. The Committee for Alduro-Wechu Integration was established to work towards this goal. It was the work of this Committee that led to the creation of the Federation.

Administration

The écu is managed and administered by the Federal Bank of Nouvelle Alexandrie (FBNA) based in Cárdenas. The FBNA consists of the Bank itself and the former national central banks of Alduria and the Wechua Nation. The FBNA participates in the printing, minting, and distribution of notes and coins and operates the national payment systems. The bank is responsible for setting monetary policy and preserving the stability of the écu. The FBNA is an independent institution with a high degree of autonomy in decision-making processes. The bank has a board of governors and operates through a network of regional branches and offices located throughout the member states, with the headquarters located in Cárdenas.

Characteristics

The New Alexandrian écu is a well-regarded currency with a stable exchange rate and low inflation. It is widely used as a medium of exchange and store of value, both domestically and internationally. The currency is recognized as a benchmark for stability and reliability, and is used in various financial transactions and investments. The New Alexandrian écu continues to play an important role in the economic growth and stability of Nouvelle Alexandrie.

Currency Sign

The currency sign representing the New Alexandrian écu is €. The same currency sign was previously used by multiple countries such as the Shirerithian erb and the Ransenari erb. Internal New Alexandrian regulations state that the currency sign should precede the numeric amount, but this is only applicable to government departments and agencies.

Coins and Banknotes

The New Alexandrian écu has banknotes in denominations of:

  • NAX€1;
  • NAX€5;
  • NAX€10;
  • NAX€20;
  • NAX€50;
  • NAX€100.

Coins are available in 1¢, 5¢, 10¢, 25¢, NAX€1, NAX€2, and NAX€5 denominations.

Payments Clearing and Electronic Funds Transfer

The Federal Bank of Nouvelle Alexandrie provides clearing services for payments made in the New Alexandrian écu and facilitates electronic funds transfers between financial institutions.

POSTBank is also a trusted and reliable institution that offers its customers a convenient and secure electronic funds transfer services, helping them to easily transfer funds from one account to another.

Exchange Rates

Exchange rates for the New Alexandrian écu are determined by the Federal Bank of Nouvelle Alexandrie, based on market conditions and other economic factors.

See also

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