Imperial Credit

From ExodusWar

The Imperial Credit was the standard electronic-transaction based unit of currency issued and backed by the Royal Imperial Bank during the reign of Lucius Black.

The Credit was first issued as currency in 2301, when the first branch of the Royal Imperial Bank opened on Alpha Centauri. Every person living under the Empire's rule was issued the Imperial Identification Implant, which tracked their vital statistics, contact information, and current balance of credits in their account. The Royal Imperial Bank exchanged all United Earth Alliance Dollars at a 1 to 1 rate of exchange for the first week, and at a 2 to 1 rate of exchange afterwards.

Imperial decree illegalized the use of foreign currencies on Alpha Centauri after 2301. The Imperial Credit was the standard currency of the Empire until it collapsed in 2324. As part of their revenge against the Alliance of Planets coalition, the Royal Imperial Bank erased all of their computer databases, then vaporized the computers themselves, effectively bankrupting anyone who's wealth was in Imperial Credits. This senseless act of economic sabotage was part of the reasoning behind the Prefecture's use of the gold standard.