WMA credit

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WMA Credit
ISO 4217
CodeMAC
Denominations
PluralWMA Credits
Symbol
NicknameCredit
Banknotes5 ₦, 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 bankEconomic Council of the WMA
PrinterWMA
MintWMA 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

See also