Forum:Tarephia Cooperation Council/Tare
As we all know, the Tare is the TCC's unified currency project. 9 countries use it completely and 13 partially. However, not much seems to have been decided about it. Therefore, I would like to propose the following points to be revisited and/or agreed upon:
- Value of the currency
- Design
- Symbol
- Denominations
- History
--xioma_sg talk 13:41, 18 December 2023 (UTC)
Discussion
Value of the currency
Possible models:
- Dependant on the Tarezone members' economies
- Dependant on the value of one or multiple real-world currencies
--xioma_sg talk 13:41, 18 December 2023 (UTC)
Design
Symbol
I regard the current symbol in the wiki, ※, as kind of questionable and not really looking like a currency symbol. I would suggest a symbol like Ŧ or ₮. --xioma_sg talk 13:41, 18 December 2023 (UTC)
From the Tarephia Cooperation Council, "the Tare has its roots in Tigeria and Kotel. The two countries were using ※ as the symbol for the Tare before it was introduced in the TCC. The symbol is derived from the character for rice (米), from the days when many Tigerines and Koteliers paid their daily wages in rice. The symbol was simplified when the currency got introduced and was taken over by the TCC." So ※ is a modified symbol for the character 米, and is historically tied to the practice of paying wages in rice. Chazeltine (talk) 14:11, 18 December 2023 (UTC)
Denominations
From the Tigeria article, I've written "The Tare (symbol: ※; code: TAR) is the official currency of Tigeria. It is abbreviated as TA※, and is referred to as the tare or the Tigerine tare. The tare is subdivided into one hundred piastres (p). Banknotes are produced in denominations of ※5, ※10, ※20, ※50, ※100, ※500, and ※100. Coins are produced in denominations of ※2, ※1, 50p, 25p, 10p, 5p, and 1p." Chazeltine (talk) 14:11, 18 December 2023 (UTC)
History
From the Tarephia Cooperation Council, it's written that "The Tarephia Cooperation Council introduced a currency called Tare upon inception in 1984. The currency is used in some of the member states. It eases the process of money exchange and financial exchanges. The Tarephian Central Bank, which manages the Tare, is located in Hexagonia City, Tigeria." There's some important context to add: the Tare was used in a currency union between Tigeria, Kotel (and later Inxigne and Meilan) before the TCC came into existence in 1984, and it was adopted and introduced as the TCC currency. The central bank of Tigeria was rebranded as the Tarephian Central Bank to continue its banking duties over the currency as the central bank of the TCC. Chazeltine (talk) 14:11, 18 December 2023 (UTC)