The Economy of Akar
Here you will find information on both the system of currencies and trade in Akar, and the products of Akar, both proposed and actualized. As a territory of the Cat Republic, the Cat Republican Dollar is the primary currency of Akar for the time being. Due to its close proximity to the United States, the US Dollar is also an accepted form of currency until Akar declares full independence.
Currency in Akar
The most encouraged form of business in Akar is barter. The Emperor wishes to press the value of goods and services over the simple and proverbial dollar sign. All goods have value immeasurable in a fictitious number scheme, and that is what Emperor McCreed is trying to impress upon his people.
After barter, the Akari Service Token is the next most encouraged form of trade. Tokens are coin pieces with specific amounts of time assigned to them. This time is for services rendered and must be negotiated between the payor and payee for the terms of the transaction. This includes the date, time, and location of the use of the time and the work to be done during the time. This is intended to impress upon Citizens the true value of time and services rendered.
Finally, intended to be used as a last resort, for example if someone wants to buy something from someone who has nothing he wants to trade nor work he needs or wants done, is the Akari Republic Credit. ARCs are a paper currency, the value of which are based on the world value of a stockpile of precious metals in the government's possession. ARCs currently are not in circulation, as there is no business to speak of in Akar, however concept art for the One (1) and Ten (10) ARC denominations have been completed. 1 ARC is worth roughly 0.01 USD at the current time.
After barter, the Akari Service Token is the next most encouraged form of trade. Tokens are coin pieces with specific amounts of time assigned to them. This time is for services rendered and must be negotiated between the payor and payee for the terms of the transaction. This includes the date, time, and location of the use of the time and the work to be done during the time. This is intended to impress upon Citizens the true value of time and services rendered.
Finally, intended to be used as a last resort, for example if someone wants to buy something from someone who has nothing he wants to trade nor work he needs or wants done, is the Akari Republic Credit. ARCs are a paper currency, the value of which are based on the world value of a stockpile of precious metals in the government's possession. ARCs currently are not in circulation, as there is no business to speak of in Akar, however concept art for the One (1) and Ten (10) ARC denominations have been completed. 1 ARC is worth roughly 0.01 USD at the current time.
Private Sector
There is currently no private sector in Akar, as the current population is comprised entirely of government officials and the Imperial Family.
There are a myriad of jobs available, as the nation is still in its developmental stages. First and foremost, medically trained personnel, carpenters, plumbers, electricians, masons, and architects are in high demand, as the future site of the capital city
There are a myriad of jobs available, as the nation is still in its developmental stages. First and foremost, medically trained personnel, carpenters, plumbers, electricians, masons, and architects are in high demand, as the future site of the capital city
Public Sector
The public sector of Akar is mainly government services such as the military, customs, the Akari Postal Service, and the AAB, with one government-owned business called The Akari Web Group which performs a range of web-related services from website creation to web security assessment.
The government also publishes a weekly newspaper, The Akari Herald, which will be available in print and for digital download as a PDF.
The government also publishes a weekly newspaper, The Akari Herald, which will be available in print and for digital download as a PDF.