UNE Credits

Not to be confused with New Earth Credit or TokensThe United Nations of Earth Credit, often referred to as a credit, was the offical currency of the now defenct United Nations of Earth. The currency was backed by Terran Central Reserves' gold, as there are no other major economies to peg the credit to.

However, the currency was discontinued after the end of the Martian-Terran War of Liberation, with all banknotes and coins no longer in circulation.

However, UNE Credits are still accepted on Luna.

History
The credit was created in the Claudeman Agreement, as the new government required a new international currency to replace existing national currencies. The credit was initially backed by the United States Dollar, the Euro and the Chinese Yuan. By 2301CE, all other currencies would be phased out and replaced by the UNE Credit.

Administration
The credit was managed and administered by London-based Terran Central Reserves, the TCR is responsible for all printing, minting and distribution of physical currency and is able to set the exchange rate of credits to gold.

As specified in the Claudeman Agreement, all UNE states must only be able to accept the UNE Credit as tender, but observer states may continue to use their previous currency, but still have to accept the UNE Credit.

Characteristics
As the credit spans across Earth, the currency is often labelled in different languages specific to their distribution area, along with three primary languages of English, Mandarin and Spanish. For example, banknotes produced for Syria will have arabic as the 4th language on the note.

Banknotes and coins are also decorated with famous people according to the region, again for example, in the UK, the $10 note will be decorated with the image of William Shakespeare or Jane Austen.

Post Martian-Terran War
The collapse of the central UNE government effectively made managing the currency impossible in addition to all digital stores of money also being lost, rendering cash as the only method of transaction before the introduction of the New Earth Credit.

The currency can still be used as legal tender on Earth or Luna, with the value specified being the equivalent to the New Earth Credit, but physical UNE Credits are worth far more than their marked value.