Star Wars Lore – Credits
Credits were a standardised form of currency used throughout the galaxy during the reign of the Galactic Republic and later the Galactic Empire. However, while most major planets accepted the currency, some Outer Rim worlds, such as Tatooine, desired something more suitable in exchange for their goods. Unfortunately, more and more planets began to devalue credits as the years passed by. And so, as the New Republic rose to power, the currency was largely considered worthless…
Credits came in many different forms. In canon, the pocket-sized credit chips could be carried on one’s person, while credit ingots were stored in vaults and transported under heavy guard. In Legends, the currency was circulated through coins and bills - both of which were sometimes decorated with patterns or designs depending on their value. However, in certain areas, such as the Death Star, credits could be accessed with a debit code. Sabacc and pazaak players often made use of account cards to withdraw or transfer credits. Nearing the conclusion of the Galactic Empire’s reign, the physical currency enjoyed an increase in popularity, as many felt credit chips would become worthless following the Galactic Civil War.
Fun Fact: The credit symbol resembled an Aurebesh letter R with two vertical strokes.
From its inception on the moon Sojourn, the credit was backed by the immense wealth of the InterGalactic Banking Clan. However, during the Clone Wars, many in the galaxy grew concerned over the conflict’s outcome and how it could affect the galactic economy. As a result, the majority of Outer Rim planets created their own unique currencies instead. In 22 BBY, the InterGalactic Banking Clan found themselves creating new currencies at a rate of twenty per day. Regardless, the credit saw continued use during the reign of the Galactic Empire. The renamed Imperial Credit once more became the galaxy’s primary currency, and even saw circulation among members of the Rebel Alliance. Its coins and chips, which varied in value, were decorated with images of important elements within the Empire, such as the Imperial Palace. Following the Battle of Endor, many regions, including the Imperial Remnant, began printing their own legal tender. However, traders, smugglers and freighters dealt in precious metals as neither the New Republic nor the Imperial Remnant would accept the other’s currency. Despite the New Republic’s best efforts, the credit gradually faded into obscurity…
Now it’s time for this week’s question: if a new currency came into existence in the Star Wars galaxy, what would you name it? Let me know in the comments below.