Minecraftian Ingot

The Minecraftian Ingot (マインクラフト国の地金), often abbreviated as ING in Eastern Minecraftia and JGN in Western Minecraftia, is the official currency of Minecraftia. The ingot got its name due to iron and gold ingots being the most common use for currency in the 17th century, before Minecraftia declared independence.

The current exchange rate for one ingot has been 100 yen in Japan and one US dollar.

History
The ingot for currency was first coined during the early 17th century when a group of miners from a cave in present-day Kabayashi province mined out iron and gold. Mass production of the ingot occurred when a huge chunk of land was cut between Eastern and Western Minecraftia, which formed the river that divides them both. The ingot only had two values at first: iron ingots were worth only one, while gold ingots were worth five.

The currency expanded when the miners discovered diamonds and emeralds. The total values increased to four, with diamonds being worth ten and emeralds being worth twenty. Another value was brought from the Netherworld, that being quartz, which was worth fifty.

Immediately right after Minecraftia declared independence, the iron and gold bar use for ingots was discontinued due to shortages in those resources and were instead printed on banknotes.