Federation Credit
The Federation credit is the monetary unit of the United Federation of Planets.
As of the 23rd century, the Federation abandoned the normal use of money, favoring a philosophy of self-enhancement for all. (Star Trek IV: The Voyage Home; and Star Trek: First Contact)
Despite this, the Federation retained a currency based economic system, involving the use of computer-based "Credits". (TOS episode: The Trouble With Tribbles)
By the 24th century, the majority of non-Federation worlds in the Alpha and Beta Quadrants adopted a monetary system backed by Gold-Pressed Latinum.
In the 24th century, some establishments would not accept Federation Credits.
In the early 25th century, Star Fleet officers were paid in Federation Credits on a monthly basis. The Pay Scale can be found here. The Federation government has also adopted an exchange rate between Credits and Latinum, so as to further encourage free trade between member and non-member worlds. As of 2418, the current exchange rate is 1 Credit = 1 Slip, 100 Credits = 1 Strip, and 1,000 Credits = 1 Bar. This is not necessarily an equal exchange rate, and the Ferengi justify it by claiming 'service fees'.
Mentions
- James T. Kirk stated that the Federation Star Fleet had a lot invested in both him and Commander Spock. In fact, Star Fleet had 122,200 plus credits invested in Spock by the end of 2267.
- In 2269, Harry Mudd was selling love potion crystals with 300 credits a piece before he had realized they actually work.
- In 2364, Beverly Crusher bought a roll of cloth and had her account on the USS Enterprise billed.
- The Federation would have paid 1.5 million Federation credits as a lump sum and then 100,000 credits every Barzanian year for the rights to the Barzan wormhole.
- Quark accepted credits in his bar when doing business with Federation citizens.
