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Whiskey Certificate: Difference between revisions
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===Introduction=== | ===Introduction=== | ||
The economic turbulence associated with the end of Kirosocialism and economic liberalisation during the National Renewal revived interest in commodity-backed currencies among large segments of the Kiravian public, especially in inland, Highland, and Southern Kirav, and some of the outer colonies; as well as among libertarians and traditionalist conservatives distrustful of fiat currency, the international financial system, and the federal government. The [[Caucus | The economic turbulence associated with the end of Kirosocialism and economic liberalisation during the National Renewal revived interest in commodity-backed currencies among large segments of the Kiravian public, especially in inland, Highland, and Southern Kirav, and some of the outer colonies; as well as among libertarians and traditionalist conservatives distrustful of fiat currency, the international financial system, and the federal government. The [[Authentic Historical Caucus]] and the [[Liberty Group]] in the [[Federal Stanora]] both made "monetary pluralism" (Kiravic: ''krótavùlsikor'') a feature of their caucus manifesti. Although neither group has spent much time in the Stanora majority and the Liberty Group has generally been excluded from the pro-administration camp, monetary pluralist members of both caucuses have often managed to extract government support for their goals as concessions in return for their support on close votes. This has resulted in the expansion of the Federacy's bullion coin and precious metal certificate programmes. | ||
The modern whiskey certificate was introduced under the Mérovin administration as part of Irasur Mérovin's reëlection strategy. Mérovin's presumptive main opponent in the election, which would take place amid the economic uncertainty of the Cripping Depression, was Ruarí MacTòisich, a former Governor of [[Irovasdra]] who had strong support from Eastern and Western Highlanders, Gaels, libertarians, fiscal conservatives, and antifederalists. Although Mérovin trailed MacTòisich among these demographics, he remained somewhat competitive due to his own Western Highlands roots and the many spending cuts and administrative reforms that he pushed through while in office. Ruarí MacTòisich made monetary pluralism a major plank of his campaign platform, and in response Mérovin organised a new whiskey certificate programme in order to sway some voters over to him in the major whiskey-producing states. It is thought to have been a key factor in Mérovin narrowly winning the electoral votes of Arkvera, where the Strategic Whiskey Reserve is located. | The modern whiskey certificate was introduced under the Mérovin administration as part of Irasur Mérovin's reëlection strategy. Mérovin's presumptive main opponent in the election, which would take place amid the economic uncertainty of the Cripping Depression, was Ruarí MacTòisich, a former Governor of [[Irovasdra]] who had strong support from Eastern and Western Highlanders, Gaels, libertarians, fiscal conservatives, and antifederalists. Although Mérovin trailed MacTòisich among these demographics, he remained somewhat competitive due to his own Western Highlands roots and the many spending cuts and administrative reforms that he pushed through while in office. Ruarí MacTòisich made monetary pluralism a major plank of his campaign platform, and in response Mérovin organised a new whiskey certificate programme in order to sway some voters over to him in the major whiskey-producing states. It is thought to have been a key factor in Mérovin narrowly winning the electoral votes of Arkvera, where the Strategic Whiskey Reserve is located. | ||
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===Use=== | ===Use=== | ||
As with the other federally-recognised commodity-backed currencies, whiskey certificates are bought and held primarily as investments, and have been marketed to middle-class Kiravians and Paulastrans as a way to diversify their portfolios. Whiskey certificates are useful as long-term investments and | As with the other federally-recognised commodity-backed currencies, whiskey certificates are bought and held primarily as investments, and have been marketed to middle-class Kiravians and Paulastrans as a way to diversify their portfolios. Whiskey certificates are useful as long-term investments and {{wp|inflation hedge|hedges against inflation}} because their value increases over time as the whiskey ages. Its use as a day-to-day currency is more limited, though it is accepted by many businesses in the Eastern Highlands states, [[Ilánova]], [[Koskenkorva]], [[New Ardmore]], [[Uruvun]], [[Sakhalin]], and frontier areas of Kiravian Punth. It is also commonly used in Æonara, particularly [[Cities of Kiravia#Sar-i-Pául|Sar-i-Pául]], where many vendors list prices in drams and companies trading across the strait with Paulastra use them for international transactions. Many pubs in other areas also accept whiskey certificates as payment. | ||
[[Category:Currency]] | [[Category:Currency]] | ||
[[Category:IXWB]] | [[Category:IXWB]] | ||