Credits

Category:Items
Credits are the standard galactic currency, utilized by both species of the Milky Way Galaxy and those outside of its influence.
== History ==
The credit was established as the standard galactic trade currency by the Unified Banking Act, a piece of legislation enacted by the Noverian Council. The Act also laid out regulatory guidelines for determining the value and exchange rate of the credit in relation to the currencies of the individual Milky Way member races.
The credit has a managed floating exchange rate, calculated in real time by the central bank to maintain the average value of all participating currencies. Some regional currencies are worth more than a credit, and some less. When the Systems Alliance joined the Citadel, its various national treasuries were linked into the credit network. A human with a bank account of Mexican pesos, Japanese yen, or Indian rupees can purchase any item priced in credits at fair market value. All economies that participate in the credit network are required to price items in both local currency and credits.
Hard currency can be stolen or counterfeited, so electronic fund transfers are the norm. More importantly, physical transactions cannot be easily tracked, making them ideal for tax evasion or the purchase of illegal goods.