CP Gold Coin Alliance

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.

Economy


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 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.
 * The micronation of Ghostlia has used Coins as their currency since it was founded in 2009. They claim to be part of the Alliance, but Ghostly35 has never spoken to EBUL. Ghostlia may "leave" the alliance since they are considering getting rid of coins as a currency.