United Republic dollar

United Republic dollar
ISO 4217
Code	URD
Denominations
Subunit
1/100	Cent
Plural	Dollars
Cent	Cents
Symbol	$
Cent	¢
Nickname	Buck
Banknotes
Freq. used	$1, $2, $5, $10, $20, $50, $100
Rarely used	$500, $1000 (discontinued, still legal tender)
Coins
Freq. used	¢5, ¢10, ¢25, ¢50, $1
Rarely used	¢1 (discontinued, still legal tender)
Demographics
Date of introduction	1 May 1690
User(s)	Alstin
Issuance
Central bank	Federal Reserve

The United Republic Dollar (symbol: $; ISO code: URD; also abbreviated UR$ or U.R. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.R. dollar, Alstinian dollar, or colloquially buck) is the official currency of the United Republic and several other countries. The Currency Act of 1690 introduced the U.R. dollar at par with the Levantine Taler, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.R. banknotes are issued by the Federal Reserve System in the form of Federal Reserve Notes. The Federal Reserve System also conducts the monetary policy of the United Republic in conjunction with the Ministry of the Treasury, and acts the nation's central bank.

For most of its existence, the dollar was classified as being commodity money, its value linked to silver and gold, until 1892, at which point the dollar was solely backed by gold. Since 1979, the dollar has been deemed as fiat money, backed only by the economy in the areas where it is accepted.

History

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Coins

Current UR Cent coinage

Obverse	Reverse	Value	Main color	Obverse motif	Reverse motif	Current series or withdrawal date
TBA	TBA	One Cent	Aluminum	1¢	Liberty Torch	2025 series (current)
TBA	TBA	Five Cents	Copper	5¢	Rose	2025 series (current)
TBA	TBA	Ten Cents	Nickel	10¢	Kjeldoran Wolf	2025 series (current)
TBA	TBA	Twenty Five Cents	Silver	25¢	Alstinian Raven	2025 series (current)
TBA	TBA	Fifty Cents	Gold	50¢	Oak Tree	2025 series (current)

Banknotes

Current UR Dollar banknotes

Obverse	Reverse	Value	Main color	Obverse motif	Reverse motif	Current series or withdrawal date
TBA	TBA	One Dollar	Grey	Alstanus Ryefield	The Founding of Alstin by R. Norman Roswell	2030 series (current)
TBA	TBA	Two Dollars	Red	Douglas Corvinus	The Signing of the Omnibus Canon by C.W. Russell	2030 series (current)
TBA	TBA	Five Dollars	Blue	Marcus Alanson	Great Seal of the United Republic	2030 series (current)
TBA	TBA	Ten Dollars	Orange	James Atwood	Atwood Memorial	2030 series (current)
TBA	TBA	Twenty Dollars	Green	Samuel Clement	Paladine Hall	2030 series (current)
TBA	TBA	Fifty Dollars	Yellow	Patrick T. Jones	Leman Square	2030 series (current)
TBA	TBA	One Hundred Dollars	Purple	Alfred F. Jones	Jade Palace	2030 series (current)

Monetary Policy

The Federal Finance and Reserve Act created the Federal Reserve System in 1894 as the central bank of the United Republic, with its principal task being to conduct the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the Alstinian economy. It is also tasked to promote the stability of the financial system and regulate financial institutions, and to act as lender of last resort.

The Monetary policy of the United Republic is conducted by the United Republic Open Market Commission, which is composed of the Minister of the Treasury, Federal Reserve Board of Governors and 6 out of the 13 Federal Reserve Bank presidents, and is implemented by all thirteen regional Federal Reserve Banks.

Monetary policy refers to actions made by central banks that determine the size and growth rate of the money supply available in the economy, and which would result in desired objectives like low inflation, low unemployment, and stable financial systems. The economy's aggregate money supply is the total of:

• M0 money, or Monetary Base – "dollars" in currency and bank money balances credited to the central bank's depositors, which are backed by the central bank's assets,
• plus M1, M2, M3 money – "dollars" in the form of bank money balances credited to banks' depositors, which are backed by the bank's assets and investments.

The UROMC influences the level of money available to the economy by the following means:

• Reserve requirements – specifies a required minimum percentage of deposits in a commercial bank that should be held as a reserve, with the rest available to loan or invest. Higher requirements mean less money loaned or invested, helping keep inflation in check. Raising the federal funds rate earned on those reserves also helps achieve this objective.
• Open market operations – the Federal Reserve buys or sells UR Treasury bonds and other securities held by banks in exchange for reserves; more reserves increase a bank's capacity to loan or invest elsewhere.
• Discount window lending – banks can borrow from the Federal Reserve.

Monetary policy directly affects interest rates; it indirectly affects stock prices, wealth, and currency exchange rates. Through these channels, monetary policy influences spending, investment, production, employment, and inflation in the United Republic. Effective monetary policy complements fiscal policy to support economic growth.

When the Federal Reserve makes a purchase, it credits the seller's reserve account (with the Federal Reserve). This money is not transferred from any existing funds—it is at this point that the Federal Reserve has created new high-powered money. Commercial banks then decide how much money to keep in deposit with the Federal Reserve and how much to hold as physical currency. In the latter case, the Federal Reserve places an order for printed money from the U.R. Treasury Ministry. The Treasury Ministry, in turn, sends these requests to the Bureau of Engraving and Printing (to print new dollar bills) and the Bureau of the Mint (to stamp the coins).

eCommerce

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Exchange Rate

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See Also

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