As you all know, we recently hosted a public forum on selecting a material to use as a smaller currency denomination in Aquora since iron is so vanishingly rare. Originally we intended for this material to be gold, but /u/Dangerciv made some striking arguments for the use of coal instead. Namely, it has inherent value so even if we switch over to a fiat currency or just back to normal iron one day nobody will be mad that they're left with a boatload of coal.

Thus, in my capacity as Pantarch-Regent of the Republic, I am officially declaring coal ore to be the smaller denomination of currency in the Auroran Republic, with diamond remaining the larger denomination. Based on past mining experience, the government suggests an exchange rate of 20 ore to 1 diamond to begin with, although this is by no means a hard rule and I fully expect the market to reach a true equilibrium in the future.

Some concerns have been raised about this not being a realistic rate and coal actually being a much higher ratio of the ores in Naunet. Should this be true, and the coal ore devalues too much, the government will endorse coal blocks as the smaller denomination.

Long live the Republic!