Reserve currency

A reserve currency is a currency which is held in large quantities by foreign institutions for investment and international trade. According the Centre for International Finance, the Kirib and the Standard Hawking Dollar are the de facto world reserve currences with others having at best a regional influence although some analysts believe that the United Krone and distantly, the Packilvanian dinar may challenge that hegemony in the future.

List of currencies

Alpha world reserve currencies

The two alpha world reserve currencies dominate global commerce, trade and accounting for instance they are used to calculate and pay fines for breaching the emissions thresholds of the International Climate Change Convention. Interestingly, they trade virtually at par despite being free floating currencies. They are characterised by their unfailing stability and the impeccable management of monetary policy by their respective central banks. Their proportion of global trade is around 30% or more each. These are as follows:

1. Kirib (KRB) is the official currency of the Kirib Monetary Union (an international organisation whose membership overlaps almost entirely with that of the United Nations of the Auroran Continent), by far the largest monetary and customs union by GDP in the world.
2. Standard Hawking Dollar (SHD) is the official currency of the United Confederation of Concordian States, the second largest national economy in the world, and the International Trade Dollar (ITD) used by Tamerlaine is pegged to it at par

Beta world reserve currencies

The beta world reserve currencies (their proportion of global trade is around 7% to 14%) are as follows:

1. United Krone is the official currency of the North Concordian Economic Forum, the second largest monetary and customs union in the world. Some analysts believe that should Tretrid adopt the United Krone, it would significantly increase the prospect of the currency eventually becoming an alpha world reserve currency.
2. Packilvanian dinar is the official currency of Packilvania, and Musetszna and is pegged to the Drakkengard dinar at par. It is the only currency of a developing country to cross the 7% threshold. Some analysts believe that should Packilvania become an upper income economy and/or allow the dinar to float, the dinar could transition to an alpha world reserve currency
3. Red Krone is the official currency of the Red Crown Economic Union

Other reserve currencies

Other world currencies, referred to as gamma world currencies (their proportion of global trade is between 0.8 and 3%), are as follows:

1. Jade Nudo is the official currency of Asendavia
2. Volkian korona is the official currency of Volkia
3. Vekaiyun veskono is the official currency of Vekaiyu
4. Tretridian pound is the official currency of Tretrid
5. Cryrian krona is the official currency of Cryria
6. Vistaran gildemark is the second official currency of Vistaraland alongside the United Krone
7. Yasterian recan is the official currency of the Free Pax States