North American Dollar (Rebellion of 61)

The North American Dollar is the currency of the North American Federation. It was established on October 9, 1949, replacing the former United States Dollar on a 1:1 basis, which had, in turn, replaced the various regional dollars. That re-established federal currency was established at the gold standard as 1.5 grams of gold. As *here*, however, the dollar eventually left the gold standard.

Unlike the previous United States Dollar, the North American Dollar is not produced by a single entity. Every member state produces coins and banknotes denominated in North American dollars, with production controlled according to the common economic policy. All coins and banknotes, however, are legal tender anywhere in the North American Federation.

Over all, inflation has been a little lower than *here*. Combined with the higher value of the dollar when it left the gold standard, this results in a North American Dollar which is worth roughly US$1.83 in *here*'s money.

Currently, most member states produce the following coins:

• 1 cent
• 5 cents
• 10 cents
• 25 cents
• 50 cents (rarely used)
• $1 (some states)

Banknotes are produced in the following denominations:

• $1 (some states)
• $2
• $5
• $10
• $20
• $50
• $100