Galactic Credit Standard

The credit, or Galactic Credits Standard has been the main currency in use in the galaxy since the time of the Old Republic. During the Clone Wars, and the Rise of the Empire, many people were worried about the outcome and what effect it would have on their global economies. Because of this an overwhelming majority of planets outside the core and inner rim wouldn’t accept credits. These planets, and regions started minting their own money. The Empire used the same currency, although they called it the Imperial Credit. During the reign of the Emperor, there were few who wouldn’t accept the credit. Even the Alliance used it, as it was the most used currency, and the easiest to use. After the end of the Empire at the Battle of Yavin, many different currencies came into existence, though the New Republic had reclaimed the credit, it was by no means the most accepted monetary unit in the galaxy. Many regions printed their own currency, including the Imperial Remnant. During this time exchange rates fluctuated wildly, and indeed it was hard at times to find anyone that would exchange one for another. During this time traders, smugglers, and legit freighters dealt in precious metals, and commodities, as neither the New Republic, nor the Imperial Remnant would accept the others currency.

The credit has always been a physical currency, since its inception coins and bills were printed. Later during the height of the Old Republic Credit Chips became popular. When the Empire was nearing its end, physical currency regained a gush of popularity. This was because nobody knew which side would win out, and they didn’t want their credit chips all of the sudden to register as empty.

The symbol for the Galactic Credit Standard is the number seven with two parallel lines running horizontally through it. One tenth of a credit is called a Decicred.