Kerms

Kerms Monetary Unit/Currency of the Galactic Council. Solely issued by the Kermac, is a nonphysical currency much like the Union Credit, it is transferred and stored on Computronic Devices. It is not as widely accepted as Union Credits, because it is not as secure and Kermac can “see” where the money is and who holds it. Kermac can only be held by Kermac Civilization members and the wares or services bought are always recorded. Therefore many Galactic Council civilizations use either physical Iridium or Polo Coinage (Which is very impractical in large transactions) or they use Union Credit Boxes. On Kermac Prime the Wizard Signature Bills are also called Kerms and used for Purchases, but can only be used by members of the Wizard Towers.