Currency
Introduction
Phrased perfectly by the Federation Captain Jean Luc Picard, the accumulation of wealth is no longer the driving force behind the Federation. It's primary goal is to seek out new life and new civilizations, protect her assets and citizens from harm, and be a force for good.
Though money is no longer important, a currency continues to exist for the buying and trading within Federation borders and other races. For this article, we are looking at two of the galaxy's popular currencies. The Federation Credit and the Ferengi Latinum.
Federation Credit
The Federation Credit is, in itself, not a physical currency as the United Federation of Planets does not employ a wide currency exchange. It is a unit that represents the basics principle of their economical society.
For worlds allied to the Federation, but still use a currency system, a minimal trade exchange is in existence, controlled by the Bank of Bolus to help control a conversion between Non-currency and currency base cultures. This trade exchange is rarely used by the majority of Federation citizens.
Ferengi Gold Pressed Latinum
A unique and old financial system, the gold pressed latinum is by far the most popular among worlds that do not belong to the Federation or are still driven by the idea of fame and fortune. From the smallest to largest unit, the Ferengi have the slip, strip, bar, and brick.
100 slips equal 1 strip of latinum. 20 strips equal 1 bar of latinum. 20 bars equal 1 brick of latinum.
Rate of Exchange
Both currencies are considered fixed where the rate of exchange between the two do not fluctuate. This is to assist interstellar trade and give both aligned and nonaligned worlds benchmarks for their own currency. The present rate of exchange is as follow.
For an easier conversion, this table is provided to assist merchants in calculating costs between the two currencies.
Latinum | Credit |
1 Slip | .1 |
1 Strip | 10 |
1 Bar | 200 |
1 Brick | 4000 |