Saidercray Today

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Tuesday, February 20, 2007

New currency to replace the Thaler

For 90 years and a half, people in Saidercray paid their bread, their hotel rooms, their books and whatever they needed and wanted with the coins and banknotes of the Saidercray Thaler. "I still remember when I was given my first 10 Saidercray Pennies to go and buy me some ice-cream at Johnny's Ice Paradise, down Union Street", says Douglas Taner, 98. Meanwhile, the Ice Paradise has closed, and Douglas' ice-cream is bought at the new "All-in-One" supermarket and driven to the rest-home where Douglas lives, price: 3 Saidercray Thalers. So many has changed since summer 1916, that the end of the Thaler might appear next link in this chain; yet not to Douglas. For him, the Thaler is not a part of history nor will it ever become, it is - until now - one of the few constants of his long life.

Just a couple of roads away from Douglas, at River Lane, we meet young theology student Jade, and with her a completely different attitude towards the Conargo or Argo, as the new currency will most likely be called. "This will help the people of the region grow together, and of course the countries aswell", she gushes, and sees a lot of new facilities when the currency arrives: "My boyfriend lives at Inatra [Antrium], and it's pretty trying that whenever we want to meet each other one of us has to change the money and all, and the same is valid for all who travel to other countries". Problems which will, indeed, vanish when the new currency comes.

According to most recent advices, all nations which, like Saidercray, introduce the new currency shall be allowed to individually design one side of the coins (5, 10, 25 cent), while the banknotes (1, 5, 10, 20, 50, 100) shall receive an internationally equal design. Whereas the future look of these banknotes is still unknown, Minster of Finance Catherine O´Conor presented today a three drawings by artist Bartholomew March, which shall serve as pattern for the Saidercrayan design of the coins: drawn with soft, long lines, they show:
- a mulberry tree in the midst of a field of heartseases (planned for the 5 cent coin, a composition of the national tree and the national flower)
- two storks flying side by side with a rising sun in the background (planned for the 10 cent coin, an allegory on the history and present of Saidercray)
- a mother who sits on a beach and hands some fruits to her child (planned for the 25 cent coin, a personification of the national anthem's lines "We are children of your shapely shores, and your fruits have made us grow")
With the new currency corresponding to about 1.2 $ and the Saidercray Thaler corresponding to 0.5 $, the conversion factor from Saidercray Thaler to the new currency will be about 2.4:1, so that people get one (Con)argo for approximately 2ST, 40SP.

In politics, several parties welcome the new currency and claim it for their ideology. Minister of Finance O'Conor, PPJ, sees the new currency as a realization of President Woshkal's (PPJ) plan to integrate Saidercray into the IDU without giving up sovereignty: "The new currency will facilitate financial, economical and touristical contact and relations between the different nations. I want to emphasize that the introduction of the new currency does not result into any single change of our tariff policy, it is not the end of our ability to use tariffs as a means of shaping."

Vice President Harry Old (SPS) directed to the positive influence of socialist policy onto the change of currency: "1 and 2 cent coins have been prevented. Saidercray's working class will not be sent to the seas of manipulative exploitation, and neither shall it have to face sudden higher prices everywhere, because our nationalized enterprises serve the people's needs, not the profit's greeds."

In opposition to this, politicians of the capitalist LUSC welcomed the new currency for very different reasons. Vice chairman Luke Anderson: "We are happy to see that the government is able to learn, and unhappy to see that it doesn't recognize this itself. The day when the new currency arrives is a day of defeat for protectionism, and a day of victory for capitalism and gloablization, which now finally knock at the door of the United Republic."

Mostly critical voices towards the new currency come from the VCA, whose leader Janet Finnigan called the Saidercray Thaler "a piece of national tradition, culture and identity. It is unworthy to throw it on the dust-heap of history."