Financial Update - February

Day 1,176, 16:08 • Published in India India • by Indian Government Bank

Oh hi, India. President David Forde basically did this ministry's job listing government assets right here. Copy/paste job from his article, accurate as of a day or two ago:

Assets
INR - 41,693
Gold - 628
Numerous companies still stuck in Pakistan - awaiting resolution from admin.


Revenue

Any numbers given here would be somewhat misleading due to the changing value of our currency (more on that to follow). However by way of a sort of general statement, our revenue has been hanging around 6 gold a day (though of course taken in through taxes in the form of INR).


Bond Repament

Bond repayment is concluding. The final borrower is scheduled to be repaid by Day 1183.



Our Currency's Value

As described in this article, there are a number of reasons that our currency has lost value lately. Due to the reasons given in that article, this Ministry has decided that it would be best to allow some fluctuation in the market. However in the last couple days, the bottom has dropped out of the INR.

The Ministry of Finance would like to inform you that we will not stand by while our currency experiences runaway inflation, and we are prepared to take corrective action if the situation does not correct within 48 hours.

What does this mean for you, the Indian citizen?

1) BUY UP INR WHILE IT'S CHEAP! If you will need some to pay wages with, or to buy land with (1000 INR is much more expensive when the INR is at 0.016 than when it's at 0.011), or even just to buy stuff with down the road, there may never be a better time to buy up INR than now.

2) Stop selling your INR now. The value is going to improve, you'll only lose yourself gold.