[X] And the Lord spoke: "Let there be money!"
-[X] Talk about money. Explain to the Sultan and the Sultana how the Planetosi economies are currently running on coinage minted from precious metals. Due to the fluctuation in prices across the planes, most notably the understandable unwillingness of the Opaline Vault to accept gold as currency, you consider this situation untenable. You wish to see trade flourish between the realms and for this, you wish to create a new currency that is accepted on each of the three planes involved in this conference.
-[X] You do not intend to issue a currency backed only by empty promises though, but one that is grounded in something both of them would trust. Their own money.
-[X] You wish to sell the amount of 90.7 tons of adamantine to the Opaline Vault at market value for a sum of 300,000 Great Glass Scepters and 300,000 Silk Notes. This money will remain in the possession of your state, with the Iron Bank of Braavos being entrusted with the storage of that wealth.
-[X] You will then issue a currency that is backed not by your word alone, but by this deposit of foreign currency and a fixed exchange rate. At least 50% of all Imperial Marks in circulation, be it in the form of minted coinage or book money, will be at any time backed by a reserve of planar currency. The exchange rate will be for now fixed at 1 Great Glass Scepter to 2 Imperial Marks. Anyone approaching your state with the desire to redeem their Imperial Marks can thus, at any point in time, have them exchanged for the predetermined value in Great Glass Scepters.
-[X] As for the Planetosi economies, you will pin the Imperial Mark at a 1:1 exchange rate to the Iron Mark, assuming the Iron Bank of Braavos is interested in such an arrangement. (We should not sound as if we can just dictate this to the IB, but let's be honest. They would have to be enormously stupid to not jump at this deal.)
-[X] To not strain the trust needed for this agreement unnecessarily, you will for now operate at 100% backing, thus you will issue 12 million Imperial Marks for now and slowly issue additional currency as the trust in your coinage increase. Alternatively, you will increase your reserves of foreign currency before issuing additional coinage.
-[X] This obviously has implications for their own fiscal relationship. If the Imperial Mark is pinned to both the currencies of the Opaline Vault and Amun Kelisk at a fixed rate, both of these currencies are also indirectly pinned against each other. This would definitely be a boon for trade between their realms, though you are understanding if they feel the time is not yet rife for such close cooperation between their polities. Should this be the case, you will pin your currency only against the Great Glass Scepter, due to the inability to use gold backed currency in the Opaline Vault.
-[X] Should they be interested in a mutual pinning between all three currencies though, you would suggest the formation of a special council to oversee this matter. It should be set up with one representative from each of the involved governments and one banking institute from their respective realms. They would meet regularly and adjust the exchange rates in accordance to the exchanges that have been taken place and the flow of currency through trade. Thus the currencies can stabilize against each other and no single party can take advantage of this arrangement. By making said council consistent of 3 political and 3 economical actors and having decisions made by majority vote, neither the governments can intentionally harm the economy, nor can the economic actors dictate policy. Likewise, no single realm can force a deadlock on the council and neither can two governments conspire against a third. The structure would ensure cooperation to the mutual best interests of all participants.
-[X] If this solution should come to pass, you would like the Iron Bank of Braavos to represent the your realm in it as the independent economic actor. Likewise, you would like to gain the right for them to set up offices in Amun Kelisk and the Opaline Vault to perform currency exchanges there and to offer other financial services. You have a great interest to increase you reserves of planar currency to further stabilize the Imperial Mark by selling bonds that are denominated in the local currencies, with the Iron Bank acting as the intermediate.
-[X] Use
these denominations and designs for your coinage.
-[X] If this works out, turn to Lady Uraka and say to her with a sad smile: "
Years? I'm saddened by your lack of faith."
