Money and banking is very complicated, and Fenspace is not going to have an overall currency. Fenspace is a place for people, the Fen, to do things *their way*. That includes money.
Groups of fen, fen governments or organizations, will create their own currencies to simplify the exchange of goods and services. They may even make a secure and reliable currency. Practical solutions for such currencies have already been suggested. There will also be groups of fen that will want to stick with barter systems.
The next problem for fen money is what we are beginning to realize, reliable currency exchange rates. How will a fen traveling from one sector of space to another be able to exchange an amount currency of one sector for another currency of equal value? In Real Life money there is a complex system between banks and governments that results in me being able to go to the newspaper and look up the current current rates. Fenspace doesn't have such a system in place. How do we resolve that?
Freddy Isnot
-Freddy Isnot
"You are now graduated from newbie and are just clueless. Consider that a compliment."
-Zipcode
Groups of fen, fen governments or organizations, will create their own currencies to simplify the exchange of goods and services. They may even make a secure and reliable currency. Practical solutions for such currencies have already been suggested. There will also be groups of fen that will want to stick with barter systems.
The next problem for fen money is what we are beginning to realize, reliable currency exchange rates. How will a fen traveling from one sector of space to another be able to exchange an amount currency of one sector for another currency of equal value? In Real Life money there is a complex system between banks and governments that results in me being able to go to the newspaper and look up the current current rates. Fenspace doesn't have such a system in place. How do we resolve that?
Freddy Isnot
-Freddy Isnot
"You are now graduated from newbie and are just clueless. Consider that a compliment."
-Zipcode