Credit

The **Credit** is the term used to refer to the name of the official currency used by both the Galactic Republic and Terran Imperium, both of which are dubbed **Republic Credit** and **Imperial Credit** respectively since their foundations in 21K.400 BTC/14K.969 CE and 6369 BTC/30,000 CE. For much of both nations' histories, neither version of the Credit has ever overcome the other in terms of value, with neither ever being lesser or greater than the other. For all cases and purposes, both versions of the Credit are virtually the same currency, even after the Second Galactic War both currencies still remain the same in value. The only true difference between the two currencies is the symbol used to represent the Credit and the term used for the divided portions of Credits, though both are divided into a factor of 100 respectively.

Unlike most currencies found in the galaxy, which are often backed by the wealth held by the InterGalactic Banking Clan on Scipio, both the Republic and Imperial Credits are instead based on the collective wealth of the nations as a whole, with both nations centralizing the currencies into a central bank meant to represent the collective wealth of both powers, the Central Bank of the Imperium and the Federal Bank of the Republic. While the credit is a purely digital currency, this does not mean that there isn't any sort of physical currency made for them, far from it, both currencies use 'Chit' as a form of physical currencies. These 'chits' are a programmable electronic card that holds a set amount of credits in them and differentiates via a range of colors based on previous precious metals once used by society, typically going from a bronze-colored 1 Credit Chip to a silver-colored 5 and 10 Credit Chip, to a gold-colored 20 to 50 Credit Chip to finally a  platinum-colored 100 to 500 Credit Chip. Though most people of the Republic and Imperium carry with them a personal Credit Chit that's linked to their bank account allowing them to use just one Credit Chit to purchase their needs and luxury items without the need to bring with them stacks of Credit Chits.

Both the Republic and Imperium divide their currencies by factors of 100, but the names of the subunits of the currencies differ between the Republic and Imperium. The Republic's subunit names go from a Centicred (1/100th) to a Niccred (1/20th) to a Decicred (1/10th) and finally to a Quartercred (1/4th). The Imperium Subunit names go from a Pence (1/100th) to a Nickel (1/20th) to a Dime (1/10th) and finally to a Quarter (1/4th).

Likely owning to the wider galaxy's justified distrust of the InterGalactic Banking Clan, many states within the galaxy are known to adopt the Republic and Imperial Credit as their official currency then creating their own and in turn placing it within the hands of the Banking Clan and subject to its' infamous debt collection forces, this is especially apparent with the majority of Confederate memberstates, most notably the members of the Confederate Council, but following the end of the Second Galactic War and the reorganization of the Confederacy, this had ended and simply replaced with the Confederate Credit.

## Exchange rates

### Outside of the two superpowers

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