Northwest Economic Union

The Northwest Economic Union is an economic pact between Hentzo, Zotazil, Dhourigkàn and Tantsang, with the aim of ensuring stable and self-sufficient economic power, not relying on the spawn regions for their wealth. The group uses the shared currency of the Kang, which is yet to enter circulation. Previously, the group used the Hüte, the former national currency of Hentzo until the mass devaluing

History

The NWEU was formed on the 1st of May, 2024. The group has yet to meet in person, however many events have happened in its history.

The Hüte Incident

On the 4th of May, the Office of Monetary Affairs issued an emergency announcement that halved the backing value of copper from 1:160 to 1:320, meaning that the Hüte also halved in value. Two days later, the office issued a further announcement that the backing value of copper (after a survey) had halved once more to 1:640. This sent the Hüte into freefall. This required the formation of the Kang, which is to become the official currency once the mint is opened.