Energy Standard Organization

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The Energy Standard Organization is an intergovernmental economic organization and de facto monetary union which regulates the energy standard and establishes the rules for commercial and financial relations among its members. The chief features of the ESO are an obligation for each member country to adopt a monetary policy that maintained the exchange rate by tying its currency to a fixed amount of energy and the ability to address exchange rates with fiat currencies of non-member countries subject to market valuations.

A treaty for the establishment of the ESO was signed on 29 May 2006 by the leaders of Aetolia, ?? and Varkana, and came into force on 1 January 2007.

Meetings[edit | edit source]

The finance ministers of the member states of the ESO meet every year to discuss and control the policies of the ESO. The ministers meet in camera a day before a meeting of generally a few days. They communicate their decisions via press and document releases.

Additionally, the heads of states of each member states meet every two years to promote the energy standard as a monetary system for Adonia.

Membership[edit | edit source]

Country Adoption Date Date of Sign
 Aetolia DATE OF ADOPTION OF THE ENERGY STANDARD 29 May 2006
 Armazia 28 August 2004 29 May 2006 (de facto)
 Varkana 28 August 2004 29 May 2006


The treaty establishing the Energy Standard Organization was formally signed by three states which adopted the energy standard: Aetolia (DATE OF ADOPTION), ?? (DATE OF ADOPTION) and Varkana (28 August 2004) on 29 May 2006.

Armazia is officially using the lari as currency and therefore de facto became a member by using Varkana's currency in 2004, although it has no finance ministry or central bank.

Enlargement[edit | edit source]

Enlargement is one of the primary objective of the ESO. Varkan President Zurab Avalishvili has stated that his goal was to enlarge the ESO to all Adonian states.

U/C

Exchange rates[edit | edit source]

Exchange rates of the energy standard users
Currency ISO 4217 code
(Symbol)
value
(June 2015)
energy amount
(June 2015)
VarkanaLari
VAL (ლ)
1.00 12.12 kWh
AetoliaAetolian drachma
AED (Δρ)
?.?? ?? kWh