Ni-Rao: Difference between revisions
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Outside of tourism, the economy is largely based in agriculture and mining. Timber and paper products are a large agricultural sector, although they are both in decline as old growth forests are lost to deforestation. Rubber, palm oil, cocoa, sugar, fruits and nuts are also important crops. Beef-based agriculture, beans, corn, rice, and soy are newer, non-traditional sectors of agriculture that are quickly increasing as more land is made available by deforestation. In mining, diamonds and other precious gems are available in relatively high concentrations in the eastern highlands. Copper was traditionally mined in Ni-Rao but reserves have largely been depleted. There are also some coal reserves in Ni-Rao, although these are also believed to be approaching depletion. Metals such as gold, silver, lead, nickel are the most common commercially extracted in Ni-Rao. Ni-Rao also has particularly high reserves of bismuth.
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.
On December 27th, 2020, the government-in-exile announced that areas under its jurisdiction would begin using the Acronian Našdat instead of the New Deben as legal tender, due to the South's control over the mint and banknote production facilities.
[[Category:Nations]] [[Category:Gondwana]] [[Category:The Acronisphere]]
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