A country that has never had its own currency has formed a central bank and put

Question

A country that has never had its own currency has formed a central bank and put you in charge of developing money. It needs to perform the necessary functions of any good currency efficiently (i.e., being a medium of exchange, a store of value, and a unit of account).   Because your country is interested in trading with other members of the global economy, other nations must have faith in its fitness and the currency exchange markets must be willing to accept it. Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.

Explanation / Answer

First of all, the country needs to create gold reservoir so that other countries trust on the system... then the country is required to take the membership of international organization in order to built there presence in international market. Uniqueness of currency is of vital importance so that no one can make the same. Denomination of the currency should be fixed by the government as per the need of the country .

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