Dobrão Conferencial (Portuguese)
|Plural||Doubloons (PT: Dobrões)|
|Banknotes||5Δ, 10Δ, 25Δ|
50Δ, 100Δ, 200Δ
500Δ, 1.000Δ, 10.000Δ
|Coins||5𝛿, 10𝛿, 25𝛿|
|Official user(s)|| Ebenthal|
New Southern Rhine
Karnia-Ruthenia (Conferential trade only)
|Unofficial user(s)||New Wessex (Monetary agreement in discussion)|
|Central bank||Conference of Santiago Financial Authority a.k.a. CSFA|
|Printer||CSFA and authorized institutions|
|Mint||CSFA and authorized institutions|
|Pegged with||Pyrite standart|
The Conferential Doubloon (Portuguese: Dobrão Conferencial; Sign: Δ), shorthened as CS Doubloon, is the official currency of the Conference of Santiago, currently in offical use by twelve member states of the organization. Created at the plenary's unanimous approval, the member states are free to choose to adopt it officialy or not. The currency was first proposed by King Arthur II of Ebenthal and is under the administration of the Conference of Santiago Financial Authority, linked to the Conference and by authorized state financial institutions. It is currently officialy in use by twelve out of twenty-ywo Conference members and other two non-conference members.
Following the banknotes design, coins are yet to be designed. The Doubloon value is pegged to the pyrite gram standard through conversion to Brazilian Real (at a exchange rate of 1 pyrite gram costing R$0,0082 to 1Δ) and issue banknotes on the values of 5Δ, 10Δ, 25Δ, 50Δ, 100Δ, 200Δ, for common use, and 500Δ, 1.000Δ and 10.000Δ as special series, and coins on the values of 5𝛿, 10𝛿, 25𝛿, 50𝛿, 1Δ and 2Δ.
Initially the proposed currency has been called "Conferential Doubloon" by King Arthur II. The name is to make a reference to the currency's issuing organization on calling it "Conferential", while "Doubloon" is a reference to the ancient Doubloon, a gold coin which was issued both by Portugal and Spain and thus analogue to the Conference's member-states, most being native speakers of the Portuguese language, exception to the Republic of Rino Island, the Conference's only native Spanish-speaking member-state.
The Conference of Santiago was founded in 7 April 2020 as an intermicronational organization aiming to provide a safe heaven, a stage of political action and to promote the relations between older and new derivative and virtualist micronations within the Brazilian sector. Soon after it's foundation and the first meeting of it's member-states' heads of states, the creation of a common currency was proposed, but facing most urgent concerns such as structuring and clashes with other micronational groups, the debate on the matter was postponed.
In 27 July 2020 the King Arthur II of Ebenthal formally proposed to his peers the creation of this currency arguing it could streghten not only the relations between the Conference members but also provide integration with the outside, mainly to micronations in the Southern Cone and all of South America as well as to demonstrate compromising and cohesion among the member-states. The proposal was praised by the Emperor-King Oscar I of Karnia-Ruthenia and the King Thomas I of Quinta Velha. At the Conference of Santiago's 4th summit, in 2 August 2020, the creation of the currency was voted and unanimusly approved by the presents, with two abstensions.
As soon as the currency was officialy created and released at the press, the proposal was praised by allied micronations to some of the member states of the Conference of Santiago such as the Grand Republic of Delvera, the North American Confederation, the State of Vishwamitra and the Empire of Pavlov. The Sovereign House of Mithras not only praised the currency and economic project as showed interest in participating in the project and the Conference of Santiago while the Duchy of New Wessex deliberately asked for permission to adopt the doubloon as the country's official currency, which sparked a debate at the Conference about the implementation of monetary agreements to allow non-conference members to adopt the currency for official use. Other micronations out of the Conference of Santiago also adopted the currency in official capability, such as the New Southern Rhine.
Plans and expansion
In August 2021, as the Doubloon celebrated one year of existence, the Chancellor of Mauritia suggested that the currency be replaced by a cryptocurrency, or that the Conference create its own cryptocurrency. This is because the indexed value of the conversion into the pyrite standard inhibited the practical adoption of the currency by some of the micronations. The idea, although not entirely dismissed, was converted into the transformation of the Dobrão Conferential into a cryptocurrency, which is being debated.
The Doubloon shall is runned by the Conference of Santiago through a financial body called Conference of Santiago Financial Authority (CSFA) which administrate the bank accounts, money supply, fluctuation and oversee and take care of eventual frauds, competition and consumer safety, as well as being a financial watchdog for the governing bodies. Each country's central bank is to be responsible for the printing and minting of the currency under either orders or approval by the CSFA.
Units, value and market
The Doubloon is be subdivised in hundredth units (1Δ = 100𝛿) called dobra (English: Double). A hundreth Doubloon unit shall be signed by an uppercase delta (Δ), while each hundredth part will be signed by lowecase delta (𝛿).
The money value and fluctuation will be pegged to the pyrite standart through conversion to the Brazilian Real (1 pyrite gram = R$0,0082 = Δ1) and will rely on each adoptant country's own financial reserves. The Doubloon money supply is to be settled but it has been firstly proposed to be set at 25 times the number of registered accounts. Each transaction made - concerning the micronation - by any adopting micronation in Brazilian Real shall be micronationally computed in Conferential Doubloons as well. The currency is currently employed in intermicronational transactions mostly between the member-states of the Conference of Santiago, either virtually or phisically (the latter being unlikely) and will be available for purchase and exchange at the CSFA.
Adopted banknotes models designed by King Arthur II of Ebenthal.