Faneria: Difference between revisions

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 {{Main|Barra}}The ''Barra'' ({{Wp|English|Aen.}} Measure) serves as the primary form of legal tender in the Republic of the Fhainn since replacing ''Corrin'' (Crowns) in 1832, introducing a centrally-minted and fully {{Wp|Decimalisation|decimalized}} currency. Throughout its use, the Barra has seen several denomination scales, with the modern bills printed at ฿1, ฿5, ฿15, ฿60, and ฿300 denominations. The currency is represented either by a ฿ or Br. symbol and is currently theoretically backed by silver, though it cannot actually be redeemed for silver at most institutions and thus is functionally a fiat currency. Currency control as a matter of economic policymaking has played a critical role in political power struggles and market domination in Faneria's past to such a degree that the structure of Fhainnin government has a [[National Fiscal Council (Faneria)|fourth branch]] solely dedicated to the budget, financial policy, and control of the monetary supply.
-Notably, the Barra was subjected to intense and deliberate {{Wp|Deflation|deflation}} in the 1940s and 1950s to raise its value relative to other global currencies; this allowed Faneria to more rapidly pay war debts at the cost of causing an economic depression that allowed the expansion of oligopolistic corporations, many of which remain strongly entrenched in the Fanerian economy as government contractors and industry leaders, as well as reintroducing state-owned companies into the economy for the first time since the [[Fhainnin Civil War|1906 Revolution]].
+Notably, the Barra was subjected to an intense and deliberate {{Wp|Deflation|deflationary spiral}} in the 1940s to raise its value relative to other global currencies; this allowed Faneria to more rapidly pay war debts through funding reconstruction and a majority of the cost of the [[Grand Vandarch Canal]]'s completion. These measures came at the cost of an economic depression that allowed the expansion of oligopolistic corporations, many of which remain strongly entrenched in the Fanerian economy as government contractors and industry leaders, as well as reintroducing state-owned companies into the economy for the first time since the [[Fhainnin Civil War|1906 Revolution]].
 ===Labor===