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Post by King Kakali OCS on Jun 16, 2008 13:09:04 GMT -4
I'd like to try and figure out a proper conversion rate between the Luthorian Mark and Ocian Mark. Once this is done, it is the intention of the Government of the Royal State of Luthoria to dissolve both the Luthorian National Bank, and the Luthorian Mark itself.
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Post by Matt Kovac on Jun 16, 2008 20:13:26 GMT -4
I think the best way to essentially do this is too compare both our nations to real world countries with similiar (equivelant) populations.
i.e I would say Ocia's Currency would be of similiar value to the Russian Ruble or swiss franc.
thats just my idea.
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Post by King Kakali OCS on Jun 17, 2008 13:09:41 GMT -4
I will be honest with you, I am not the best when it comes to financial matters. that was our former Minister of State, Aedan Clark. He set up our National Bank and our basic economic structure. So I would trust your judgement on this issue.
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Post by Michael Dervin OCS on Jun 18, 2008 10:06:02 GMT -4
Just a quick note, the curreny of the Ocian Federation, is now the Ocian Tolar, not the mark, as it was changed by an act of law.
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Post by King Kakali OCS on Jun 21, 2008 18:05:36 GMT -4
Sorry about that, Mr. President.
By the way, I was searching around Luthoria's forum, and I found one thread dealing with Currency value. Basically, it said we'd never established one, but that we had always used a 1LM=1$US.
However, I would say this is inaccurate, because AKNC shipbuilding sold ships for no more than 10,000LMs.
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Post by King Kakali OCS on Jun 21, 2008 18:06:43 GMT -4
You all have seen the airship designs that were just released. They have prices with them. How many Tolars would you charge for the same price, and we could just determine a rough conversion rate that way.
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Post by Matt Kovac on Jun 21, 2008 18:14:31 GMT -4
I will take a look at that and get back to you.
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Post by King Kakali OCS on Jun 24, 2008 14:27:04 GMT -4
Mr. Kovac, have you worked any more on this?
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Post by Matt Kovac on Jun 25, 2008 0:20:53 GMT -4
I will have a proposal the day after tommorow, my recent activities have left me extremely busy, sorry for the delay.
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Post by King Kakali OCS on Jun 25, 2008 12:13:36 GMT -4
No problem. I completely understand.
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Post by Matt Kovac on Jun 26, 2008 22:33:24 GMT -4
Thanks.
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