WMA credit
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| WMA Credit | |||||
|---|---|---|---|---|---|
| |||||
| ISO 4217 | |||||
| Code | MAC | ||||
| Denominations | |||||
| Plural | WMA Credits | ||||
| Symbol | ₦ | ||||
| Nickname | Credit | ||||
| Banknotes | 5 ₦, 10 ₦, 20 ₦, 50 ₦, 100 ₦ | ||||
| Coins | .10 ₦, .20 ₦, .50 ₦, 1 ₦, 2 ₦ | ||||
| Demographics | |||||
| User(s) |  USLSSR Republic of Atlantis HSE Empire of Starland New UPUC Los Bay Petros Kingdom of Istoria Agonos Kingdom of Emerald Isle Confederate Protectorate of Andalusia | ||||
| Issuance | |||||
| Central bank | Economic Council of the WMA | ||||
| Printer | WMA | ||||
| Mint | WMA Mint | ||||
| Valuation | |||||
| Pegged with |  Swiss Franc | ||||
The WMA Credit was a cross-national currency for the members of the now defunct intermicronational organisation, the World Micronational Alliance, or WMA. It was introduced on 2 December 2010.
It had an opt-out policy, meaning when a nation entered the WMA, it automatically started usage of the Credit and could leave the "Credit Zone" at a later date. It could also be used by non-WMA members with prior knowledge of the WMA.
Etymology
The WMA Credit was the official currency of the WMA. It was used by the organization's' members to conduct financial transaction's with each other. It was not broken down into a subunit, but rather into decimals of a Credit, e.g. .50 of a Credit. The currency could run alongside any native currency; for example in the USLSSR both the Ruble and the WMA credit were used.
History
The idea for the currency came from Alex Ulbricht, the Vice Secretary-General at the time. He believed a united currency would bring the members closer together economically and culturally.
As of 3 December 2010, the banknotes were still being designed. The WMA collapsed in June 2011.
Value
The WMA Credit was pegged to the Swiss Franc at parity.
.10₦ = 10 centimes/Rappen
1₦ = 1 franc
Exchange Rate
1 (One) ₦ bought[according to whom?]: (as of 24 January 2018)
- 01.0575 U.S. Dollars
- 00.8526 Euro
- 08.19 Norwegian Krone
- 08.38 Swedish Krona
- 01.3126 Australian Dollar
- 01.3055 Canadian Dollar
- 00.7425 Pound Sterling
- 115.45 Japanese Yen
- 59.41 Russian Ruble
- 12.55 South African Rand
Bills circulated
| Bills in circulation | ||||
|---|---|---|---|---|
| Image | Value | Description | ||
| Front | Reverse | Front | ||
|
|
1 WMA Credit | Alexander Connery | |
|
|
5 WMA Credit | Alex Ulbricht | |