Error creating thumbnail: File missingLeague of Christian Nations
Template:Country data Tekkit
Error creating thumbnail: File missingProvidence and Port Hope
|Inflation||0.20 % (2015)|
|1/1000||Mill (used in accounting and by almost all gas stations)|
|Nickname||Bill, bean, buck, paper, smackeroo, ducat, doubloon, dead president, smacker, and greenback. Plural: dough, green, bread, bones, bananas, bucks, skrilla, (bank) clams. Also peso in Puerto Rico, and piastre in Cajun Louisiana.|
|Freq. used||1¢, 5¢, 10¢, 25¢|
|Rarely used||50¢, $1|
|Freq. used||$1, $5, $10, $20, $50, $100|
|Rarely used||$2, $500, $1,000, $5,000, $10,000, $100,000|
|Issuing authority||Christian Reserve System|
|Printer||Bureau of Engraving and Printing|
|Mint||Christian Nations Mint|
The Christian Dollar (sign: C$; also abbreviated C$ and referred to as the dollar) is the official currency of the League of Christian Nations and several countries. It is a Christian Reserve Note and consists of 100 smaller cent units.
The Christian dollar is fiat money. It is one of the most used currencies in international transactions. Several countries use it as their official currency, and in many others it is the de facto currency.
Currently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Though still predominantly green, post-2015 series incorporate other colors to better distinguish different denominations.
Means of issue
The monetary base consists of coins and Christian Reserve Notes in circulation outside the Christian Reserve Banks and the LCN Treasury, plus deposits held by depository institutions at Christian Reserve Banks. The amount of cash in circulation is increased (or decreased) by the actions of the Christian Reserve System. Eight times a year, the 12-person International Open Market Committee meet to determine LCN monetary policy. Every business day, the Christian Reserve System engages in Open market operations to carry out that monetary policy. If the Christian Reserve desires to increase the money supply, it will buy securities (such as LCN Treasury Bonds) anonymously from banks in exchange for dollars. Conversely, it will sell securities to the banks in exchange for dollars, to take dollars out of circulation.
When the Christian Reserve makes a purchase, it credits the seller's reserve account (with the Christian Reserve). This money is not transferred from any existing funds—it is at this point that the Christian Reserve has created new high-powered money. Commercial banks can freely withdraw in cash any excess reserves from their reserve account at the Christian Reserve. To fulfill those requests, the Christian Reserve places an order for printed money from the LCN Treasury Department. The Treasury Department in turn sends these requests to the Bureau of Engraving and Printing (to print new dollar bills) and the Bureau of the Mint (to stamp the coins).
Usually, the short-term goal of open market operations is to achieve a specific short-term interest rate target. In other instances, monetary policy might instead entail the targeting of a specific exchange rate relative to some foreign currency or else relative to gold. For example, in the case of the Christian States the Christian Reserve targets the federal funds rate, the rate at which member banks lend to one another overnight. The other primary means of conducting monetary policy include: (i) Discount window lending (as lender of last resort); (ii) Fractional deposit lending (changes in the reserve requirement); (iii) Moral suasion (cajoling certain market players to achieve specified outcomes); (iv) "Open mouth operations" (talking monetary policy with the market).