| Gapla Dollar |
|Official users||Federated States of Gapla|
|Pegged to||0.0005 SOL|
|Code||GPD (fiat), GPC (crypto)|
The Gapla Dollar (symbol: G$) is a monetary unit used by the Federated States of Gapla as its official currency and its fiat form is distributed by the Federal Reserve Bank of Gapla (also known as GaplaBank.) It has been used since late 2019.
Information and usage
The Gapla Dollar is pegged to 0.0005 SOL, and is a main-net cryptocurrency on the Solana network with an alternative fiat form hosted by the Bank of Gapla. The link to its SolScan page is here.
Unlike many micronational currencies, it has real value inside and outside of Gapla.
The currency is treated like fiat, as there are many citizens willing to trade Gapla Dollars to and from the United States Dollar (the local macronational currency). A notable such individual is Chelsea Chen, who has processed more than $300 USD worth of these transactions.
It is currently only used in the Federated States of Gapla, as it is intended to be. However, the FSG has no policy restricting its use to other micronations.
Here is the exchange rate for the Gapla Dollar to a variety of currencies.
|1 GPD =||0.059635||0.054595||7.394693||0.045583||0.078757||0.074433||0.055666||0.379527||0.467424||0.085929||0.562581||72.312983|
|100 GPD =||5.9635||5.4595||739.4693||4.5583||7.8757||7.4433||5.5666||37.9527||46.7424||8.5929||56.2581||7,231.2983|