Ni-Rao: Difference between revisions

A significant portion of the Raonite economy is dependent on remittances from Raonites working abroad sending money home to their families. Wages earned in more stable currencies are valuable to Raonites, as the New Deben is a very weak and unstable currency compared to the global average. The New Deben was introduced in 2002 in a currency revaluation in which 100,000 Debens became worth 1 New Deben. The Tavari Dollar is commonly circulated in Ni-Rao in an unofficial capacity. Especially in the major urban areas, much economic activity takes place in the "informal economy," otherwise known as the black market, in cash transactions that avoid government taxation. Raonite cities are known for their street vendors and expansive bazaar-like markets.