Kruna: Difference between revisions
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The '''Kruna''' is the official currency of the Republic of Stratham. The Kruna was first introduced in 2016 when the server was released. New players | The '''Kruna''' is the official currency of the Republic of Stratham. The Kruna was first introduced in 2016 when the server was released. New players currently start with 1000 Krunas (sometimes formatted k1,000). Monetary policy and regulation of currency is carried out by the [[Department of Economy]], however the senior administrative team has made small monetary adjustments as well. | ||
As of December 18th, 2023 the total amount of Krunas in circulation is k61,447,214, however this includes an overwhelming number of inactive players and their initial starting balances. More accurate estimates have been put forward by members of the Department of Economy. | As of December 18th, 2023 the total amount of Krunas in circulation is k61,447,214, however this includes an overwhelming number of inactive players and their initial starting balances. More accurate estimates have been put forward by members of the Department of Economy. | ||
== History == | |||
=== Integration of Player Banknotes === | |||
On October 7th, 2018, Matty707 proposed a bill in [[Parliament]] to establish banknotes for commerce and business operations. The bill received unanimous favorability and on November 4th, 2018 banknotes were made officially available to public creation and use. The original maximum banknote value was k5,000. Banknotes were popular with the general public but eventually concerns grew regarding the ability to hide wealth and player balances. Fears also mounted as banknotes appeared to be duplicated using various methods by some players. | |||
In August of 2019, [[Cabinet of Stratham|Cabinet]] decided to decrease banknote value from k5,000 to k300 primarily to discourage hiding wealth and promote banknote use more as currency exchange for goods or services. Many players expressed disapproval with the decrease in banknote value due to difficulties in paying employees, creating large denomination banknotes for transactions, and increased inventory space banknotes were using. | |||
Due to the backlash in the decrease in banknote value, Member of Parliament Codes320 proposed a bill to increase to the limit from k300 to k1,000. The bill received a vote of 5 ayes to 2 nays, however was owner vetoed 3 days later by Koalition as he "felt that [the limit] is high enough." As a result of the veto, many following Parliamentary campaigns ran on a policy promising to attempt to increase the banknote limit. | |||
Revision as of 21:44, 18 December 2023
The Kruna is the official currency of the Republic of Stratham. The Kruna was first introduced in 2016 when the server was released. New players currently start with 1000 Krunas (sometimes formatted k1,000). Monetary policy and regulation of currency is carried out by the Department of Economy, however the senior administrative team has made small monetary adjustments as well.
As of December 18th, 2023 the total amount of Krunas in circulation is k61,447,214, however this includes an overwhelming number of inactive players and their initial starting balances. More accurate estimates have been put forward by members of the Department of Economy.
History
Integration of Player Banknotes
On October 7th, 2018, Matty707 proposed a bill in Parliament to establish banknotes for commerce and business operations. The bill received unanimous favorability and on November 4th, 2018 banknotes were made officially available to public creation and use. The original maximum banknote value was k5,000. Banknotes were popular with the general public but eventually concerns grew regarding the ability to hide wealth and player balances. Fears also mounted as banknotes appeared to be duplicated using various methods by some players.
In August of 2019, Cabinet decided to decrease banknote value from k5,000 to k300 primarily to discourage hiding wealth and promote banknote use more as currency exchange for goods or services. Many players expressed disapproval with the decrease in banknote value due to difficulties in paying employees, creating large denomination banknotes for transactions, and increased inventory space banknotes were using.
Due to the backlash in the decrease in banknote value, Member of Parliament Codes320 proposed a bill to increase to the limit from k300 to k1,000. The bill received a vote of 5 ayes to 2 nays, however was owner vetoed 3 days later by Koalition as he "felt that [the limit] is high enough." As a result of the veto, many following Parliamentary campaigns ran on a policy promising to attempt to increase the banknote limit.