Griton Federation Federal Reserve

The Griton Federation Federal Reserve (GFED) is the oldest government building in all of the Griton Federation. It was constructed in late 2018 to serve as a storage facility for the country's stone supply, which had been decided as the national currency. The GFED is also in charge of determining national and international exchange rates, updating the diamond price graph on the Griton News Board, and publishing an infrequent national budget report.

Before the Minecraft 1.16 update, the GFED building consisted of the same stone and red concrete design that appears in numerous other buildings in Griton Sea Port. However, once blackstone appeared in the world of Ung Svane, the interior and exterior of the GFED was updated to include the new block.

Exchange Rates
The Griton Federation Federal Reserve is in charge of calculating the exchange rates between stone, the national currency, and various commodity items such as diamonds, iron ingots, gold ingots, and emeralds. These rate calculations are then displayed on a board in the first floor of the GFED building in downtown Griton Sea Port. The GFED also calculates the exchange rate between the official currency of the Griton Federation, Stone, and the official currencies of other nations in Ung Svane. These are displayed in the basement room of the GFED building. Exchange rates allow shops in the Griton Federation to accept fair payment for goods using items other than the national currency of stone. For example, if the current exchange rate between stone and iron ingots was 2 stone for every 1 iron ingot, a shop could elect to charge a customer 16 iron ingots for a good or service that usually costs 32 stone. Additionally, according to the Constitution of the Griton Federation, citizens of the Griton Federation are permitted to exchange stone for precious items.

Calculation
Exchange rates in the Griton Federation are calculated by comparing the available stone reserve stored inside the GFED building and the amount of commodity items that exist for use in the Griton Federation. Because of this, the exchange rates are subject to change and are usually updated every four to six months. Before June 2020, this calculation method applied to all items. A multiplier called the Diamond Ratio has since been added to the stone-to-diamond exchange rate in order to increase the price of diamonds in the Griton Federation. The Diamond Ratio is equivalent to one over the percentage rarity of diamonds, which is 1 / 0.0846. This works out to around 11.82 as the multiplier in the diamond exchange rate calculation.

Current Griton Federation Exchange Rates
Exchange rates in the Griton Federation as of December 2021:
 * 1 Diamond = 1815.55 Stone
 * 1 Iron Ingot = 4.61 Stone
 * 1 Emerald = 142.52 Stone
 * 1 Gold Ingot = 25.04 Stone
 * 1 Nether Quartz = 21.60 Stone
 * 1 Netherite Ingot = 13824.00 Stone
 * 1 Copper Ingot = 31.35 Stone

In the past, redstone and coal were also listed on the exchange rates board on the first floor of the GFED. However, with the advent of the extremely rare and valuable netherite, and the fact that redstone and coal were always extremely cheap, the two commodities were replaced by netherite and nether quartz. The GFED still calculates the exchange rate for redstone and coal, and shops in the Griton Federation may still charge consumers these commodities. In late 2021, copper ingots were included in the commodity pricing calculations.

GFED Historic Price Data

International Rates
In addition to calculating the rates for items within the Griton Federation, the Griton Federation Federal Reserve calculates the exchange rates between the currency of other nations to the currency of the Griton Federation. This usually done by comparing a commodity that another country uses for its official currency and the price of that commodity within the Griton Federation. This is not always the case, however.

Heskari
Heskari uses a currency comprised of emeralds, bookshelves and books 2 emeralds = 1 bookshelf and 1 bookshelf = 3 books.

Current Griton to Heskari Exchange Rates:
 * 1 Emerald = 142.52 Stone
 * 1 Bookshelf = 285.04 Stone
 * 1 Book = 95.01 Stone

Aki no Kaze
Aki no Kaze uses emeralds as its national currency.

Current Griton to Aki no Kaze Exchange Rates:
 * 1 Emerald = 142.52 Stone

David Territory
David Territory uses glowberries and sporeblooms as its national currency, with 125 glowberries equivalent to 1 sporebloom and 25 glowberries equivalent to 1 emerald.

Current Griton to David Territory Exchange Rates:


 * 1 Glowberry = 5.70 Stone
 * 1 Sporebloom = 712.50 Stone