[Swiss Federal Department of Finance] Monthly report
Felllix
First, I would like to thank to our Country President JAVIER MIGUEL L for giving me opportunity and responsibility to work as Minister of Finance this month.
I must say that we had very turbulent time in past few weeks from monetary side of view, but for now we are in plus and I assure you that we will continue in same way.
Report will be divided in 4 main parts:
1. Treasury and daily income
2. Marketplace
3. House industry
4. Monetary market (main issue)
1. Treasury and daily income
Current situation in treasury is around 180kcc and is stabile. Most of the money or 105k cc are from transaction that will be explained in fourth part and from daily income from taxes.
Daily income from taxes is around 700-800cc(average) which is result of several law changes about taxes in past two months. At this point I think we dont need further tax changes, except maybe in import tax for food and wepons. Maybe we can equalize both taxes on 7%. If someone have suggestions I will be glad to hear.
2. Marketplace
For this analize I used q3 food and q7 weapons because I think that this qualities of products are most used by players. As you can see average lowest prices are 0.18cc and 6.79cc for food and weapons respectively, which is similar with almost all countries. So in this part I encourage you and suggest you always to check first Switzerland market before you buy something. Our interes is to buy products from our market.
3. House industry
Few days ago Plato announced changes in house industry and yesterday changes were implemented. In short, house industry is probably first step from admins to try to give back economy module opportunities to players, like we had in past.
More about this change you can read in update 2491
Until now effect of this change is double price of houses on market and I suggest you to not buy houses at this moment and wait for lower prices. In long term I think that this will be rentable change for house factory owners.
We will follow situation and inform you on time.
4. Monetary market (main issue)
In my last article before 20 days I announced and explained my idea of making some money, due to expected fluctuations on MM, like a result of Kill rush tournament.
More you can read here: Let's make some money
Here I would like to thank mungos032 for supporting my idea and starting the second law, which was accepted.
As you know, by that law 2525g were exchanged for 505k cc. After that 400k cc are transferred to Swiss National Army org and 105k cc was left in national treasury for MPP's.
From last graph you can see that transaction (red arrow) from local currencies to gold was made on 3.09.2014 at average gold rate of 155cc, lowest gold price during last 2 years.
Same situation is now on Swiss National Army
To shorten this article,
question for 10g:
How much gold we made with this transaction?
Regards,
Felllix
eSwiss Minister of Finance
Comments
[Swiss Federal Department of Finance] Monthly report
http://tinyurl.com/l24evlt
o7
uhh... I'm not sure whether I understand the last question right, but is the answer ~204.73 gold? 🙂
nope, far more😉
May I make a 2nd guess 😛
sure
~733 gold...
sry but wrong again😛
W O W
This is an actual financial report !
Impressive
Ај уште три гласа!
http://www.erepublik.com/en/article/3-3-tnx-d-2445254/1/20#comments
lazes kurvo !!!
kazi kolku ukrade !!!
translation in english
Good work bro !!
Sisaj!
translation in english
Thank you bro 😃
lol I know Macedonian 😛
Medar ostaje Medar 😃
500-600 gold kjar.. prakjaj 10 gold sea
583.90 gold.
~675,85
606 gold or something like that 🙂
o7
o/
o/
o/
ZZZZ
Impressive report, keep going!
As I already said, your grade is A+ (or 5+)
Svaka cast!
Kwality Report
o7
Prakaj
o/
o7
07
o7
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o7
v35!
O7
o7
645 gold
2525g at 155 cc per gold. would cost 391.375 cc
505.000 cc was printed from 2525 gold.
so 113.625 cc profit,
with gold at 155cc.
profit would be 733 gold.
hm, can you explin why you got a number different than 733?
because I'm not good in math 😉
i had a thought. the government could buy gold from people for 2000. so if people wanted to get a better rate than the monetary market they could.
or maybe this would be too hard to implement?