![]() For this article, we are looking at two of the galaxy's popular currencies: the Federation Credit and the Ferengi Latinum. Though money is no longer important, a currency continues to exist for the buying and trading within Federation borders and other races. It's primary goal is to seek out new life and new civilizations, protect her assets and citizens from harm, and be a force for good. Phrased perfectly by the Federation Captain Jean Luc Picard, the accumulation of wealth is no longer the driving force behind the Federation. We work to better ourselves and the rest of humanity." - Jean-Luc Picard Introduction The acquisition of wealth is no longer the driving force in our lives. You see, money doesn't exist in the 24th century. This takes two forms: 1) a lump sum payable either as a credit account with a Federation financial institution or as currency, and 2) a continuing line of credit or periodic currency disbursements to cover ongoing living expenses."The economics of the future is somewhat different. Upon retirement, Starfleet personnel receive a pension credit. Shipboard replicator use in excess of basic replicator allotment is also charged against the line of credit. This line of credit may be used to issue local currency when on non-Federation planets of stations, but on Federation and allied planets charges are made directly to the ship's account. Starfleet personnel do not receive a salary as such, but are allotted a line of credit against which they may draw at any time. For ease of handling, it is generally encased in a lightweight ingot of foamed gold alloy, hence the term "Gold-Pressed" Latinum. Extremely difficult to replicate, it is used as a stable, freely convertible currency by most civilisations in the Alpha and Beta Quadrants. Latinum is an extremely stable metallic monomer which is liquid throughout the survivable range of temperatures for most humanoid species. These currencies are rarely used outside Ferengi territory. As noted, exchange rates vary wildly, in accordance with principles known only to the Ferengi themselves. * These are three repesentative Ferengi currencies. This is based on my feeling that the Credit should be roughly analogous to a dollar. ![]() *Note that the Federation Credit as given on this table is worth ten times the value given in the Star Trek: Deep Space Nine Core rule Book. ![]() Note that the exchange rates for some currencies, particularly the Ferengi currencies, vary wildly. Values given beneath each currency name are given in Federation Credits. ![]() The Ferengi are unusual in that even with a unified world and interstellar travel, they still have 49 different units of exchange, although most real business (and virtually all business with non-Ferengi) is conducted using Latinum.įor game purposes, it is assumed that one Federation Credit (¤1.0) is roughly equivalent in buying power to one present-day US Dollar or one Euro. Individual planets often have their own currency which is used mostly for transactions on that planet. Most interstellar trade is done using Gold-Pressed latinum as a unit of exchange, although within the Federation the Credit (¤) is ubiquitous. The following table is a representative sampling of the currencies to be found in and around the territory of the United Federation of Planets. This concept dates back to mid-late 20 th century Earth credit and debit cards. Rather, the Federation at large uses an electronic credit transfer, usually quite invisible in use to both customer and merchant. What these individuals really mean is that they do not carry cash physical tokens of value, whether coin or printed notes. All economies require the flow of some form of monetary exchange to function. It is often stated by Federation citizens that "We don't use (or carry) money." This is a misleading statement.
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