[MoF] Bank of England - Financial Report 23rd November to 30th November

Day 2,932, 16:21 Published in United Kingdom United Kingdom by Bank of England


The Books
Treasury: £175,874.89 --->£198,467.86 (as of 15:45 Day 2,932)
Long-Term Deposits: £100,000.00
Government Organisations: £142,116.76* (*£33,175.00 on Monetary Market via Bank of England Organisation)
Tax Income: £180,150.44
Loaned Organisations Income: £0.00
Donations: £0.00
Bank of England Trust MM Scheme Income: £4,352.64 ---> £4,981.80
MPP Fees: £30,000.00 (Ukraine, Italy and Albania)
Mo😨 £140,000.00 allocated via Donate Law Proposal and Donate Law Proposal



Introduction

Your fourth report of term from the Ministry of Finance.


Market Log

A look at recent market trends





Revenue

A track on what is recorded on Egypt's and our Country > Economy Page





Factory and Raw Material Company Profitability


Visual market guidance for our newer Factory and Raw Material Company owners if required on the profitability "work as manager" (WAM) generates against the current work tax rate which is set at 5% when products are sold at today's lowest prices in their respective markets. Assuming that all products produced (base production + bonus production) is sold at the lowest flat market price.

Ministry of Finance advise caution when selling Q1 weapons and Q2 weapons produced at current market prices from WAM.



Military Unit Supplier Rebate

The Ministry of Finance are still inviting citizens to apply for a work tax rebate to your costs to work as manager to produce the supplies needed for your Military Unit. Details of rebates issued to MU suppliers will be reported via these MoF weekly reports.

We have five applicants so far.

Congress has ratified a Finance Bill proposed by the Country President

This means an eligible rebate period started from Day 2,922 and the budget for it is automatic based an approved applications. The Government will request that Congress transfers the funds just before end of the current Country President's term.

Please get in touch if you would like discuss the Military Unit Supplier Rebate.



Bank of England Monetary Market Trust

As a reminder the Ministry of Finance has begun to take advantage of the increased demand on gold price on the monetary market by opening a Bank of England Trust for citizens and allies to invest in.

Three citizens have invested into the Trust and monetary market offers placed from a number of eUK Government Organisation reserved for use by the Bank of England. The monetary market profits have been agreed to be split 60% to the citizen and the remaining 40% for the Treasury to reinvest/store in reserves. Any monetary market profits made will be reported in future MoF Reports.

Currently the Bank of England Monetary Market Trust has made profits of;

£4,981.80 for the UK
£7,472.70 for private citizens

Please see republished Monetary Market fishing Guide below for the principle of monetary market investment and get in touch to discuss this further or declare your interested in investing into a Bank of England Trust.



Player Support Programme and Training Ground Loans

The Ministry of Finance is assisting the Ministry of Home Affairs to provide support to our citizenry. Please review this article for more information

Upgrading your strength buildings is the best way to earn income as it allows you to receive Super Solider medals much quicker. A Q4 Weights Room & Q4 Climbing Center (without any contract training) earns the most money of any training/contract combination. Together they will earn you 13.38g/month (0.446g/day) after you pay the daily training.

During promotional periods training ground upgrades are reduced;
To upgrade your Weights Room, Climbing Centre, Shooting Range or Special Forces Centre it costs 45% less for each incremental rise is quality.






Monetary Market fishing Guide - Republish

Monetary Market (MM) fishing is not new and there are many fine guides however here is a brief MoF guide as a refresher and to introduce the concept to younger citizens who may not be aware of it.

At the current market rate it is most optimal for a citizen to invest £2,500.00 into a MM fishing. There is two reasons for this;
1) The current and fairly long-standing exchange rate for 1GBP has been 0.004 Gold.
2) The daily gold limit for most citizens is 10 gold.
Therefore the maximum currency you may sell at the current exchange rate is £2,500.00 for 10 gold.


It will take around 10 days for your currency offer to sell on the monetary market. This will give you 10 gold. It is worth noting that the amount of currency you sell can vary greatly, sometimes all the currency you put on the MM will be bought and sometimes you don't sell any. Offers do expire on the MM however any currency that does not sell is returned to you

Place this 10 gold onto the monetary market at the current exchange rate (at publication's this was 1 gold for £321.000). This will result in the 10 gold selling for £3,210.00. Once you subtract your initial investment of £2,500.00 you will have generated a profit on your investment of £710.00.

What if I had a bigger boat?

An organisation has no daily limit for gold meaning you can invest more currency into the monetary market therefore increasing the profit you can make on investments every 10 or so days. The Ministry of Finance offers loans of organisations at a rate of £1,000.00 per month. Caution is advised before investing in an organisation and it is advisable you have sufficiently adequate funds available for monetary market fishing that will recoup the rental fees with 1 or 2 successful trips. Get in touch with the MoF if you would like to discuss this further.

Close

For any further information don't hesitate to contact me.

Huey George - Minister of Finance and Governor of the Bank of England