Before the Days of Fire there were many currencies used in the area now known as The Federation.
The main currency was from the, then, Qadaq Republic and based on silver and gold Talents, a universally accepted coinage that set the economy throughout the entire region. At its centre in the capital of Remus, the republic mints churned out vast quantities of these coins and used them to fuel its vast economy. The Talent was always intended to be used for large scale transactions and as such many of the larger coins were actually oblong not round.
As you travelled father from the capital however, the many countries and nations that lived under the umbrella of Qadaq still had their own coinage that was used within their own borders but this was almost always superseded in value by the Talent. Nevertheless it still existed alongside the stronger coins and generally found a way to work in tandem with exchange rates being set by the various governments, kings and warlords.
At the very furthest borders of the republic the Talent was still used but a greater number of other currencies existed and at the edge of Qadaq’s power they were less controlled and less tied to the Talent.
At its most western point, in the Kingdom of Elland there were and are a number of coins used for trade, although barter was still common amongst ordinary people.
The Middle Kingdom currency of the golden Lions, silver Eagles and copper Falcons was a commonly used currency throughout the realm and the Theocracy beyond.
It was, also, widely accepted currency for trade with the merchant princes of Tyrras and Toleda. Whilst not the only currency, it was the most prevalent and widely accepted.
In the west, the Theocracy had launched a range of paper bearer notes that led back to Sarqand where the gold was stored in vaults. If one was brave enough one could take the note to Sarqand and demand the gold on the note. This form of currency was not widely used outside of the Theocracy as payment was often ‘taxed’ to pay for administration.
Nordland coins have only ever been accepted within their own borders. It is an isolated land with self-imposed enemies all around. The gold mines of the mountain ranges and the western silver mines on the coast produce enough precious metal for the noble clans to strike a currency comprised of gold Hammers and silver Anvils. Unusually many northern coins have holes so that they may be kept on strings. These coins are used in all parts of the north to buy and trade in the tundra and the fjords for goods, food and services. It has historically never been used beyond their own borders. With the formation of the Northern Alliance small amounts of this coinage could be seen in the south. Due to the quality of the metals in the coins many traders have started to accept this currency at a variable rate of exchange for Talents, Lions and Eagles.
There are many more local currencies that exist in the world and to name them all would take far too long. Suffice to say that this far from the centre of the republic it was always a matter of many nations and communities trading using a huge range of local and national currency. Each nation set rates of exchange that represented a fair and decent price for goods received.
Under the banner of the Northern Alliance, it’s leader Edric Shadowbane created a Guild Currency, for the payment of expeditionaries to The Vale, which could be used to fuel the payment for other services.
With the formation of The Federation, the Guild Currency was abolished. The strain of losing all the natural resource of silver and gold funding a coinage system to pay so few, has in part led to the weakness of the region. Instead talk has been made of adopting a Theocracy’esk currency where the actual gold is held safe within the boundaries of the Federation.
Within the Vale a new currency has begun its ascendancy, that of the ‘soul shard’. This can be taken from any race via the act of calling on ones gods. They are a source of power that can be used in many ways, and accepted as payment by all beings of great power.