Utlian Economy

Utlia as a nation has had various currencies during its life, in the modern era the country uses the Utlian Dolare as the national currency for both the island of Utlia and the east ocean territory. The Dolare is minted in factories in South Utlia.

System

The Utlian economic system requires all businesses are required to pay the government a tax to do business in the nation. The Utlian government also requires all Inter-island businesses to agree to a thorough inspection to make sure that the business aligns with government ideals. This law is not required for domestic-based businesses. Both international and domestic companies have to give the government a percentage of their company to be fully authorized to work in all Utlian states. Utlia has 2 main banks, The government-run "Liamia Bank" and the "Bank of Utlia", owned and started by the Utlian founded Ylemm corporation. Both the BoF and Liamia bank give out loans but the Liamia bank requires applicants to be university graduates or planning on going to university.

Industry

Utlian industry is focused in 3 main sectors, Health and Medicine, Fishing/Livestock and Coal. These are the three pillars of the Utlian economy, accounting for a large majority of the country's growth and wealth. In recent years the Medical field has become Utlia's largest and most profitable industry, with major medical research and the largest medical school in the Eastern Bloc. Historically the economy has been reliant on coal and fishing to uphold itself, however, in modern times these have taken a less substantial role in the expanding economy.