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An Economic Overview of the Republic of Tinland
The Republic of Tinland has a market economy which, currently due to the confederation's limited recognition and ability to regulate macronational economic policy effectively, remains unregulated by the Republic of Tinland and still follows the policies of the United States of America.
The economy of the Republic of Tinland is focused on the manufacturing and service sectors. According to a May 2022 report from Choose DuPage, a regional economic development agency, the largest industries in the Village of Bolingbrook (where most of the confederation's territory is located) were Transportation and Warehousing (14.9%), Retail Trade (14.0%), Manufacturing (10.5%), and Administrative and Support and Waste Management and Remediation Services (10.4%). All other industries were below ten percent.
The cost of living in the Village of Bolingbrook is 19.7% higher than the U.S. average and 11.4% higher than the Illinois average.
This is an example of a one-dollar banknote. The design of the Tinlandian Dollar was outlined in the Currency Act, adopted by the National Assembly in April 2023.
The Tinlandian Dollar
The official currency of the Republic of Tinland is the Tinlandian Dollar, also known by its currency code TD$. The Tinlandian Dollar is divided into one, five, ten, twenty, and one hundred dollar banknotes. It has an exchange rate of 1 TD$ for every 0.10 United States Dollars (USD).
The Tinlandian Dollar became the official currency in May 2020 with the adoption of the first Currency Act and then reaffirmed in April 2023 with the second Currency Act. Despite its status, many citizens still use the United States Dollar.
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