Secrets of Monetary Market [1]

Day 763, 02:43 Published in USA USA by mormeg

Before starting I want to apologize for publishing so many times both articles of this course. I hope you can forgive me and understand this is a necessary evil for citizens throughout eRepublik to know about this course and benefit from it. In order to avoid unnecessary nuisance, I am reducing with each article the amount of countries in which I publish. In the end, I will only publish in the most populated countries.

Given that levels elementary and probably intermediate may seem boring for experts, at the end of each article I will list a few countries in which to invest.

1. Introduction
Monetary market is most suerly one of the less known features of the game for many citizens.

To put it bluntly, the monetary market is a place where citizens, orgs or companies can buy and sell different currencies and/or gold by selling or buying gold and/or currency from a country. There is also another option, which is to sell or buy currency from a certain country while you sell currency from a different one. However, these kind of transactions aren´t advisable.

Depending on the economy of each country in each moment, exchange rates vary causing, from time to time, a considerable difference between the exchange rate values in a country to appear. When citizens speculate in the monetary market, they benefit from these margins in order to obtain some profit.

Each time we move with our citizen or org from one country to another, the game adds in the profile a slot for the country´s currency even if we don´t find a new job. We can travel with our org or citizen throughout the New World to buy the local currency of every country. But there are easier ways.

The cheapest and fastest way to do it is going to the monetary market and buying the country´s currency by selling gold. Not spending too much gold is important, it´s enough if we buy 0.01 XXX of the national currency of every country. Speculators usually have currencies of all eRepublik countries so that, if the chance comes, they can rapidly purchase or sell different currencies as fast as possible and earn a bigger profit.


Suggestions
For those of you who are cautious when investing, Japan is one good country in which to spend some of your savings. The profit may be smaller than in other countries, but their currency (JPY) is fairly strong and will give earn you some cash.
If you´re the risky type, since about 2 weeks, North Korea has been a good place in which to invest your gold. The KPW has reduced its value and is a pretty good opportunity for speculators, especially for those who can hold their gold in for a while.

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