Because President Darshu has continued to ask me to write a report of MoF, I am putting the summarized MoF financial report in the very end of President Darshu's term.
During Darshu Administration, Ministry of Finance has accomplished mush to revitalize both eJapanese national incomes as well as to replay our debts to Taiwan left behind from the previous administration. With the end of Darshu’s Presidency, I would like to take this opportunity to release the financial summary of the Ministry of Finance’s National Bank of Japan activity.
While it has in the beginning faced much controversy, with the implementation of VAT increase program lead by Geezus, it has helped our financial situation tremendously during the period when the program was active. While program was officially closed for the time being since the erepublik day 1681, the program has managed to bring in an income of about 2,500,000 JPY into the eJapanese treasury, subtracting the cost of the operation of the program. Without active leadership of Geezus and cooperation from the rest of eJapan, this program would have not been this successful. I would like to personally thank both Geezus and other member of eJapanese community who had made this program into one of the most successful revenue raising program in the past few months.
Repaying Taiwan the debt burdened by the previous administration had been the immediate issue surrounding the Ministry of Finance Team since the beginning of the Darshu Administration. I am happy to announce that MoF Team was able to deal with this issue swiftly and return the money owed to Taiwan on the Day 1677. This was accomplished without any reduction to the MoD supply or other eJapan program such as MoI initiatives to help new citizens of eJapan. Furthermore, we did not have to increase any taxes or ask for more burdens from our citizens to accomplish our goals. We have ended our term with total reserve of 350 Gold and 842,869.08 JPY. This roughly translates into total of 1,500,000 JPY.
I am happy to announce that in the short month we had, we, the Ministry of Finance Team, had managed to quintuple our NBoJ reserve holding from what was left from the previous administration. This amazing accomplishment would not have been possible if we did not have wonderful vMoF supporting MoF to make this into a reality. I would like to thank both Geezus and Tom Medelsvensson for their wonderful job as vMoF. I would not have been able to run MoF effectively without you two.
Detailed list of all transaction to and from National Bank of Japan can be found here: (http://sdrv.ms/KCtY8N). However, I would like to put simple summary of transaction to and from NBoJ during Darshu Administration.
As you can see from the chart, NBoJ reserve has generally increased during the month except for the time when we were paying for domestic programs or foreign debt. We had faced some monetary turmoil this month as admins introduced new changes that have changed international demand of gold and JPY, but in general, eJapan has done well financially, especially being small in the size. I think the MoF team this month has left a great foundation for eJapan to continue building off of, and I look forward to the Next month’s MoF team continuing what was working well during this month, while adding new ideas into the mix to continue to stabilize eJapanese national income.
This officially concludes this month’s MoF’s action. Again, I would like to thank Geezus, Tom Medelsvensson, and Darshu for wondergul 1 month we worked together. We couldn’t have pulled this off without the commitment of all three person listed above in helping the MoF.
-Akki, MoF of eJapan
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