Treaty No. 2
Purpose
The purpose of the Treaty of Aros is to eliminate the economic friction and instability caused by fluctuating national currencies. By creating a single, universally accepted standard of metallic coinage, the Treaty secures the long-term economic peace achieved by the Generative Assistance Bond (GAB) System and facilitates seamless international trade across Draconia.
Document Structure
Clauses
The key mechanisms of the Treaty include:
- Universal Unit of Account (UUA): Establishes the Gold Piece (GP) as the base measure of value. The UUA consists of four standardized metal denominations: Copper Piece (CP), Silver Piece (SP), Gold Piece (GP), and Platinum Piece (PP), each with immutable exchange rates (e.g., 10 SP = 1 GP).
- Physical Standards: Defines mandatory physical requirements for UUA-compliant coinage: a minimum metallic purity of 90% and a standardized weight of one-fiftieth (1/50th) of one standard pound mass for every coin.
- Mandatory Acceptance: Requires all signatory nations to accept UUA-compliant coinage universally, regardless of national iconography imprinted on the coin.
- Accession Process: Creates a formal process (Article 8) for non-member nations to ratify the Treaty, thereby adopting the UUA standard within their territory and gaining the benefits of universal trade acceptance.
- Enforcement: Grants the Permanent Coordinating Mission (PCM) the authority to monitor compliance and sanction High Contracting Parties for intentionally minting non-compliant coinage.
Caveats
- Non-Membership Accession: The Treaty explicitly states that accession by a non-founding nation only grants them the UUA standard; it does not confer the status of a High Contracting Party within the Tri-Nation Treaty Alliance System (TTAS) and grants no rights or membership in the Permanent Coordinating Mission (PCM).
- Sovereign Minting: Nations retain the right to issue their own coinage, provided they strictly adhere to the physical standards (purity, weight) and exchange rates defined in Article 2.
- Sanctions: Signatories who violate the coinage standards may face sanctions, including temporary disqualification from the GAB system.
References
- Treaty of Elysium (TTAS Treaty No. 1): Referenced as the foundational agreement of the TTAS, affirming that the Treaty of Aros is a subsidiary agreement that cannot alter the original administrative structure, impasse resolution procedure, or GAB Guarantee Clause.
- Article 8: Referenced in Article 3 to clarify that the right to mint UUA coinage is extended to all sovereign nations who join the Treaty through the specified accession process.
Publication Status
Final and Ratified.
Legal status
A binding international economic treaty that imposes the Universal Unit of Account (UUA) standard across Draconia. It forms the permanent commercial basis for all international financial dealings.
Historical Details
Background
The Treaty of Aros emerged from the operational success of the Treaty of Elysium. Although the Generative Assistance Bond (GAB) System solved the immediate crisis of resource distribution, the logistical difficulties and transaction costs associated with converting dozens of unstable national currencies—each with fluctuating metallic values and purity—into the required resource values proved crippling. The Permanent Coordinating Mission (PCM) concluded that a common currency was the necessary next step to fully secure the global economy.
History
The Treaty was drafted and executed at a convention held in Aros, the capital of the Empire of Sirine. This location was chosen to highlight Sirine's established mercantile power. As the first major TTAS agreement following the end of the War of Scarcity, the negotiations were swift and efficient, driven by the unanimous realization that the lack of economic trust was far more dangerous than any single external enemy. Its ratification quickly followed, leading to the rapid adoption of the UUA by trading partners anxious to participate in the stable GAB system. Within ten (10) years of its ratification by the High Contracting Parties, every sovereign nation in Draconia had acceded to and adopted the UUA standard.
Public Reaction
The public and merchant class hailed the Treaty as a revolutionary simplification of life. For the first time, traveling merchants could rely on a coin's intrinsic value, eliminating the need for constant assaying and exchange calculations between kingdoms. This dramatically boosted trade, travel, and economic specialization across the continent, directly contributing to the post-war recovery. The Treaty firmly cemented the TTAS's role as the benevolent manager of global commerce. Established institutions, such as the Church of Thoth, which was finalizing the construction of its College of Thoth, particularly lauded the UUA for enabling the simple, universal standardization of its tuition and fee schedules.
Legacy
The Treaty of Aros is considered the definitive law of currency in Draconia.
- It permanently established the four-metal coinage system used across the world, creating the first truly universal economic tool.
- Its success proved the depth of the High Contracting Parties' commitment to Lawful stability, providing a clear model of international cooperation that heavily influenced the nations and Dragons who would later convene the First Convention to create the Draconic Confederacy.
- The Accession Process (Article 8) proved crucial, allowing the UUA to spread far beyond the three founding nations, ensuring its global dominance within a decade.
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