The average exchange rate of the credit to latinum is usually 1 strip to 10 credits.įor an easier conversion, this table is provided to assist merchants in calculating costs between the two currencies. The present rate of exchange is as follow. This is to assist interstellar trade and give both aligned and nonaligned worlds benchmarks for their own currency. The latinum itself is of value, with the gold being worthless and used only to ease the transportation and use of the liquid latinum in transactions.įrom the smallest to largest unit, the Ferengi have the slip, strip, bar, and brick.īoth currencies are considered fixed where the rate of exchange between the two do not fluctuate. From left to right, a brick, bar, strip, and slip.Ī unique and old financial system, the gold-pressed latinum is by far the most popular among worlds that do not belong to the Federation or are still driven by the idea of fame and fortune. This trade exchange is rarely used by the majority of Federation citizens. It is a unit that represents the basics principle of their economical society.įor worlds allied to the Federation but still using a currency system, a trade and credit exchange known as the Bolian Credit Exchange is maintained by the Bank of Bolias to help control a conversion between non-currency and currency base cultures. The Federation Credit is, in itself, not a physical currency as the United Federation of Planets does not employ a wide currency exchange. For this article, we are looking at two of the galaxy's popular currencies: the Federation Credit and the Ferengi Latinum. Though money is no longer important, a currency continues to exist for the buying and trading within Federation borders and other races.
It's primary goal is to seek out new life and new civilizations, protect her assets and citizens from harm, and be a force for good. Phrased perfectly by the Federation Captain Jean Luc Picard, the accumulation of wealth is no longer the driving force behind the Federation. We work to better ourselves and the rest of humanity." - Jean-Luc Picard Introduction The acquisition of wealth is no longer the driving force in our lives. You see, money doesn't exist in the 24th century. "The economics of the future is somewhat different.
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