[MoE] NBB MM ops

Day 1,357, 15:42 • Published in Belgium Belgium • by NBB-BNB



The Ministry of Economy wishes to inform of the nature and goals of its money market operations.

The NBB-BNB (State Treasury) is active on the money market.

We do not and will not intervene to stabilise values that can't be controlled in the long run. 'Classic' MM intervention by the NBB-BNB was intended to keep the Belgian Franc value above certain values. However, there were no long-term benefits since admin can, in various ways, pump as much BEF in the market as they want (and did so in the past): the gold cost regularly ran through the roof. So, a few months ago, the classic MM intervention policy was abandoned.



List of offers:


- 9.17 BEF for 100 gold per BEF. This is a publicised channel intended for direct donations of 1 gold increments to the NBB-BNB (Aside from the Congress donation vote, this is the only way to donate to the NBB-BN😎.

- 20 gold for 599 BEF per gold (= 1 BEF for 0.00167 gold). A "historical" offer", clearly unattractive now, left there to quell eventual speculation crises where no gold would be on the market for very short periods. At this moment, no sign warrants that the BEF value would durably go under this rate so it should also be seen as a way to potentially make money overall (sell gold for lots of BEF at a rate of 1 BEF = 0.00167 gold) and eventually sell those BEF again later for a higher gold value).

- 10000 BEF for 0.006 gold per BEF (= 1 gold for 166.7 BEF). A result of the in-game feature that Congress can still print 200 BEF per gold. If this offer sells, and we need BEF, we can simply print it with the received gold through a "Issue Money" congress vote (wiki). If a transaction is made, it is 100 % certain to generate a 20% profit.


This article is also posted as a forum thread.