[MoF] Bank of Ireland & State money report

Day 4,001, 11:05 Published in Ireland Ireland by New Ireland Bank



Dia Dhuit, Éire!


It’s been a hectic few weeks in finances department, but I think we’ve handled them fairly well. Time has come to report on our profits and losses and inform the great nation of Ireland about what we’ve been doing recently.

This is going to be a double report article as the first circle of investments in the Bank of Ireland has officially ended today. Our state money balance has also been changing in the recent weeks as I tried to keep our assets on the same or bigger values.





Bank Of Ireland - Reporting the results


I’ve introduced this project only few weeks ago, but it got lots of attention and praises, not only by the Irish, but also by foreigners who are now trying to do the same thing in their own countries. Bank of Ireland has collected 3.252.000 IEP worth investments by the Irish citizens.

After several weeks of trading on both products and monetary markets Bank of Ireland has gained 324.000 IEP profits which is a lot in such a short time. It means that our Investment fund has been working with 14,39% profit in this turbulent times. All together it also helped our state money grows in numbers, but more about that later.

Big thanks goes to Ulsters Finest who sent 1.000.000 IEP with no interest in profits, just to make sure we can work with bigger amounts. I also took personal loan from the Greek player exohoritis who loaned me 1.200.000 IEP which also helped greatly to our numbers, but it wasn’t calculated into the investments value as it was personal loan. However, it helped us to work on a bigger scale and I’m taking this opportunity to let you all know how good friends we have among us.


Final amounts of money made by the shareholders of the fun😛



All the money has been sent back as returns unless the shareholders has asked for something else such as keeping the money in the Bank or donating it somewhere else (FRITZHILL).




Second round of investments


A new round of investments with the same rules is starting now and it will last until tommorow evening, after the national strike you will no longer be able to invest the money. Some of the investors from the first round have already re-invested the money and I believe all of them are going to do that. I remind you that the rules can be found in THIS ARTICLE

I’ll keep doing the same things I did until now. However, I don’t expect profits as big as this time as there will probably be a bit less changes we’re riding on. There’s always a big risk doing such things, but as I said in the article we’ve been introducing the Bank of Ireland with - I usually make profits.

Finally, I’d like to congratulate to all those who invested and thank them for their trust.





State money balance


While ‘playing’ with Bank of Ireland’s money I’ve added the state money completely on my account. We’ve had 1,58m before that, which included the four donations made worth 1,48m and a bit less than 100 000 IEP of profits from the trading by the Department of Finances. As I announced earlier I treated the state money same as the Bank of Ireland so the profits percentage is the same. We’re now, as a nation richer for 227 000 IEP which means our current balance is around 1,8m worth. Most of the money is kept in the currency at this moment.

Obviously I won’t talk in public about the details of operations being done, but I can assure you that all of the operations has been done with the minimum risk of our state money losing the value. Considering that donations on the state orgs always comes in the currency we also had to fight the inflation we had to work on multiple fronts.

Start assets value:
1 480 000 IEP
End of period one assets value:
1 580 000 IEP
End of period two assets value:
1 800 000 IEP
Change:
+100 000 IEP
+ 220 000 IEP


Total profits in this term:
320 000 IEP



Other projects and resources


We’ve been struck by this whole hectic game recently and it was almost impossible to keep up with the #BuyIrish project we’ve started few weeks ago. When things get back to normal we’re going to start doing it again and I expect that to be really soon. More about the project can be found in this article:

Ireland is a very stable country with lowest possible taxes and good bonuses with a low pollution. We’re keeping our bonuses on a permanent level and considering all the mentioned stuff we’re attracting several producers and others who move their holdings to our beautiful island. This has been obvious from the increased amount of taxes we’re collected by WaM (work as manager). We’re in the middle of two training wars, but none of those wars is affecting our bonuses. We’d be happy to attract even more producers in here and I’m going to think about the measures to be taken in order to do so.

I’ve promised an article on productivity at the beginning of my term as a Minister of Finances, but I just didn’t find time to write about it as almost all of my time spent in this game has been going on trading and making the money. I’m sure I’ll find more time for the things such an article is in the coming days.








Yours,
Don