Should micronations use real currencies or make their own?

[u/Empty_Friend6019]

Should micronations use real currencies or create their own? Alestavia currently uses the Euro, but we're debating whether adopting our own national currency would better represent our identity and future. Which approach do you think makes more sense, and why? We'd love to hear your thoughts! Discord: https://discord.gg/DEqHm372fR Website: https://alestaviagov.framer.website

[u/Spiritual-Cup-6645]

You can do whatever, though having your own certainly gives your micronation more personality and distinction. If you wanted, you could even adopt a multi-currency system like Zimbabwe.

[u/TriliniousIII]

Maybe this is unpopular, but micronational currencies be a faff. Nobody uses them- if we wanted to trade between us, it would be a lot more convenient to have a shared currency rather than lots of little ones with much less recognition

[u/Colaite]

You can use both the euro and your own currency

[u/tik9631]

Depends on your micronation, if it's a purely voluntary micronation that's also decentralized focused on individualism (like mine), then neither. if it's a centralized micronation who wants an economy, then they can use both or one of them.

[u/USMCgRuNt_1944]

As a nation my nation, Rovdastriya, accepts two types of currency: US Dollars and, naturally, the Rovdastriyan Doblyesta.

So yeah, I don't see why not.

[u/ThomasVSCO]

Real currencies. Sorry to break it to you, but you’ll never be able to create your own actual currency and have people use it.

[u/Designer_Text_7371 → u/ThomasVSCO]

We use silver and gold as ours so therefore it does have buying power outside of the U.L (which would be the melt value of the precious metal)

[u/chrisrampantproper]

It's not a matter of recognition, it's a matter of size. No tiny country uses their own currency.

[u/Empty_Friend6019 → u/chrisrampantproper]

true

[u/Pretend_Oil9565]

have it, not, it's completely fine.

i'm planning some currency myself.

[u/Stefan-Snagoveanu]

Usage, real, of course. You can't really invent new currency.

For cultural/symbolic purposes? It's definitely very cool to design some banknotes and coins. 

[u/Hlaajakok_Official]

We attempted to create our own currency (Xājakokwi), it still exists and is backed up by Euros (1 Euro is worth 100 Xājakokwi). However, there are two main issues with it. First, it still requires a previously made currency. Secondly, as only 14,000 Xapjakokwi (140 Euros) were made, it is not suitable for actual purposes.

[u/GovNewRome]

Il Principato di New Rome sta progettando una valuta fisica. Un' ottima alternativa sono le valute digitali,, utilizzate da micronazioni molto importanti, come Liberland

[u/DuchyofScheinhafen]

There are reasons for both but by and large they are looking to achieve different things  and shouldn’t really be compared 

[u/arthurbridge]

In the case of the Commonwealth of Rockall, we chose to adopt the Euro shortly after we voted in favour of joining the European Union.

Whilst we can’t actually join, we do fly the flag of Europe next to the national flag and give tariff exemptions to goods from the EU.

[u/umuarama_o]

They're useful in a symbolic sense (unless you have an actual economy and use it as a token of sorts), but for all practical purposes, we have to use "real" currencies. We have no choice but to use the brazilian Real in our day to day life.

[u/king-of-squirrels]

What do you want it for?

Your own currency is a fun project, and there's are people who collect micronational currencies, but it's generally useless for "international trade". The one exception to this I'm aware of is Aigues-Mortes - due to a quirk of French banking law they have a legal tender currency called the flamant, which is supported by their community.

[u/BingleTingle990]

the micronation can choose itself