CP Gold Coin Alliance

CP Gold Coin Alliance.
The alliance's flag.
Details
Name	CP Gold Coin Alliance.
Type	Currency Alliance
Location	Antarctica
Head	None
Job	To have the same currency
Members	16
Headquarters	Antarctica

The CP Gold Coin Alliance (CPGCA) is an economic union of countries that have joined together to use the same currency, this one being the Club Penguin Gold Coin. The CPGCA currently is the largest economic union in Antarctica, and currently has 16 members. The CPGCA was founded on August 3, 2006, when many nations began to use the Gold Coin. The CPGCA is only for economic issues. Due to recent economic issues, the value of the Gold Coin used by the CPGCA is dropping. It is said that the economies of the Ninja Archipelago is the only thing holding it up.

History

The Club Penguin gold Coin Alliance started in 2005 with an agreement made with Batavia, young Snowzerland, South Alemania, Frankterre, Lisboagal, and obviously Club Penguin Island. All five countries and the island made a financial agreement with the coin manufacturers, EBUL, so that the countries would have the ability to use the coin legally as official currency. In 2006, several more countries joined the agreement and the "Gold Coin Agreement" was changed to an Alliance. The Alliance is maintained by EBUL, who frequently converse with members' legislatures and national treasuries individually.

Members

No.	Country	Representative	Join Date	Note
1	Club Penguin (USA Territory)		2006
2	Snowzerland		2005	One of the original signatories of the Gold Coin Agreement
3	Lisboagal		2005	One of the original signatories of the Gold Coin Agreement
4	Liguria		2006
5	Francterre		2005	One of the original signatories of the Gold Coin Agreement
6	Magyaria		2006
7	Rusca		2006
8	Castilla		2006
9	Batavia		2005	One of the original signatories of the Gold Coin Agreement
10	Culldrome		2006
11	Snowprus
12	United Provinces			Joined as Snowiny, now the United Provinces
13	No flag available Valnordore			In Valnordore the CP Gold Coin only sees use by a small minority. The barter system is preferred.
14	Acadia		2006	Unlike other countries, Acadia uses its other currency, the Acadian Dollar, alongside the Gold Coin.
15	Axle Powers		2014	The CP Gold Coin is the official tender for The Axle Powers, however, other national official currencies such as WB$ and Grams are preferred in Shops Island and Munijoch, respectively.
16	Tropicalis		2007	The Gold Coin is the official currency in Tropicalis though Tropicalian Dollars are much more common on the outlying islands where most shop owners accept it.

Economy

The Gold Coin.

The value of the CPGCA Gold Coin is backed up the economies of the nation's using it. Therefore, this means that every member nation's economy contributes to the manufacturing and value of the Gold Coins. This makes the Gold Coin's value very strong, and not easy to remove value from. However, in recent years, the economy in Antarctica has dropped. Many CPGCA member nations have suffered depressions and economic lost, and are now relying on the bigger nations to keep the value of the CPGCA Gold Coin up. This puts a lot of pressure on nations like Yow and Castilla, who both have large economies.

Currently the CPGCA has a debt of 5 million coins, due to the fact that the alliance is behind on payments to the manufactures. The alliance receives no profit, and therefore the member nations must all pay an equal price.

Trivia

• The alliance has helped eliminate currency exchange Traffic.

See Also

• Free Republic
• Antarctica