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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 '''New Alexandrian écu''' (NAX€), colloquially known as the "Escudo", is the official currency of the [[Nouvelle Alexandrie|Federation of Nouvelle Alexandrie]]. It is divided into 100 centimes and it is also accepted as a method of payment in [[Constancia]], [[Ransenar]], and the Natopian demesne of [[Dos Gardenias]].  


==History==
==Origins==
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 écu has its roots in the monetary systems of [[Alduria]] and [[Alexandria]], which inspired its name. The écu was initially the official currency of [[Alexandria]], later adopted by [[Alduria]] in homage to its [[Alexandrian people|Alexandrian heritage]]. However, the need for a unified currency grew apparent with the increasing economic cooperation between [[Alduria]] and the [[Wechua Nation]], leading to the establishment of the [[Committee for Alduro-Wechu Integration]]. In {{AN|1685}}, the [[Federal Constituent Assembly]] passed the [[New_Prosperity_Plan#Economic_programs|National Economy Act]], marking the birth of the New Alexandrian écu. The newly created currency replaced the [[Aldurian écu]] and the [[Wechu sol|Wechua sol]], thus consolidating the Federation's financial system.
 
==Design and Denominations==
The New Alexandrian écu comes in both coin and banknote forms. Banknotes are available in denominations of NAX€1, NAX€5, NAX€10, NAX€20, NAX€50, and NAX€100. Coins are minted in denominations of 1¢, 5¢, 10¢, 25¢, NAX€1, NAX€2, and NAX€5. The currency sign representing the New Alexandrian écu is €, a symbol previously used by multiple countries such as the [[Shireroth|Shirerithian]] [[Shirerithian erb|erb]] and the [[Ransenar|Ransenari]] [[Ransenari erb|erb]].  


==Administration==
==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]].
The [[Federal Bank of Nouvelle Alexandrie]] (FBNA), based in [[Cárdenas]], holds the responsibility of managing and administering the écu. The FBNA oversees the printing, minting, and distribution of notes and coins, operates the national payment systems, sets monetary policy, and ensures the stability of the écu. It maintains a high degree of autonomy, guided by a board of governors and operating through a network of regional branches and offices located throughout the member states.


==Characteristics==
==Economic Impact==
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 New Alexandrian écu is a trusted currency with a stable exchange rate and low inflation. Its reliability has made it a preferred medium of exchange and store of value, not only domestically but also internationally. The currency's stability has contributed significantly to the economic growth and financial health of [[Nouvelle Alexandrie]].


==Currency Sign==
==Electronic Funds Transfer==
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 [[Federal Bank of Nouvelle Alexandrie|FBNA]], along with [[POSTBank]], provides clearing services for payments made in the New Alexandrian écu and facilitates electronic funds transfers between financial institutions.  


==Coins and Banknotes==
==Exchange Rates==
The New Alexandrian écu has banknotes in denominations of:
The exchange rates for the New Alexandrian écu are determined by the [[Federal Bank of Nouvelle Alexandrie|FBNA]], based on market conditions, international trade, inflation, and an array of economic indicators.
* 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.
{| class="wikitable"
 
|-
==Exchange Rates==
! Currency
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 Rate (1 NAX€ =)
|-
| [[Craitish Cräite]] (₢)
| TBD
|-
| [[Imperial stater|Constancian Imperial Stater]] (C$)
| TBD
|-
| [[Natopian natopo|Natopian Natopo]] (₦)
| TBD
|-
| [[Shirerithian erb|Shirerithian Erb]] (S€)
| TBD
|-
| [[Benacian sovereign|Benacian Sovereign]] (ß)
| TBD
|}


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

Revision as of 21:24, 11 July 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€), colloquially known as the "Escudo", is the official currency of the Federation of Nouvelle Alexandrie. It is divided into 100 centimes and it is also accepted as a method of payment in Constancia, Ransenar, and the Natopian demesne of Dos Gardenias.

Origins

The écu has its roots in the monetary systems of Alduria and Alexandria, which inspired its name. The écu was initially the official currency of Alexandria, later adopted by Alduria in homage to its Alexandrian heritage. However, the need for a unified currency grew apparent with the increasing economic cooperation between Alduria and the Wechua Nation, leading to the establishment of the Committee for Alduro-Wechu Integration. In 1685 AN, the Federal Constituent Assembly passed the National Economy Act, marking the birth of the New Alexandrian écu. The newly created currency replaced the Aldurian écu and the Wechua sol, thus consolidating the Federation's financial system.

Design and Denominations

The New Alexandrian écu comes in both coin and banknote forms. Banknotes are available in denominations of NAX€1, NAX€5, NAX€10, NAX€20, NAX€50, and NAX€100. Coins are minted in denominations of 1¢, 5¢, 10¢, 25¢, NAX€1, NAX€2, and NAX€5. The currency sign representing the New Alexandrian écu is €, a symbol previously used by multiple countries such as the Shirerithian erb and the Ransenari erb.

Administration

The Federal Bank of Nouvelle Alexandrie (FBNA), based in Cárdenas, holds the responsibility of managing and administering the écu. The FBNA oversees the printing, minting, and distribution of notes and coins, operates the national payment systems, sets monetary policy, and ensures the stability of the écu. It maintains a high degree of autonomy, guided by a board of governors and operating through a network of regional branches and offices located throughout the member states.

Economic Impact

The New Alexandrian écu is a trusted currency with a stable exchange rate and low inflation. Its reliability has made it a preferred medium of exchange and store of value, not only domestically but also internationally. The currency's stability has contributed significantly to the economic growth and financial health of Nouvelle Alexandrie.

Electronic Funds Transfer

The FBNA, along with POSTBank, provides clearing services for payments made in the New Alexandrian écu and facilitates electronic funds transfers between financial institutions.

Exchange Rates

The exchange rates for the New Alexandrian écu are determined by the FBNA, based on market conditions, international trade, inflation, and an array of economic indicators.

Currency Exchange Rate (1 NAX€ =)
Craitish Cräite (₢) TBD
Constancian Imperial Stater (C$) TBD
Natopian Natopo (₦) TBD
Shirerithian Erb (S€) TBD
Benacian Sovereign (ß) TBD

See also

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