[MoF] Bank of England - Financial Report 19th October - 26th October
Bank of England
The Books
Treasury: £186,048.73 ---> £273,659.49* (as of 13:30 Day 2,897)
£200,000 has been proposed to transfer to Nifty. by a member of Congress
Long-Term Deposits: £100,000
Government Organisations: £30,624.75 (£29,637.00 on Monetary Market)
Tax Income: £121,571.99
Loaned Organisations Income: £1,000.00
Donations: 0.00
MPP Fees: £50,000.00 (Croatia, Germany, Chile, Ireland and Ukraine)
Introduction
Your third report of term from the Ministry of Finance.
Market Log
A look at recent market trends
Revenue
A track on what is recorded on our Country > Economy Page
Factory and Raw Material Company Profitability
Some 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. Energy costs and if applicable raw material costs are not included so please factor these in.
Currently caution is advised by the Ministry of Finance when selling Q1 to Q3 weapons and FRM produced at Grain Farms 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.
We have only one applicant so far.
The rebate is likely to be a statutory process of reimbursement for military unit suppliers to be repeated each month and can be back dated to Day 2,888.
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 is still evaluating the advantage of the increased demand on gold price on the monetary market by considering opening the Bank for citizens and allies to invest in. The monetary market profits would be split 60% to you and the remaining 40% for the Treasury to reinvest/store in reserves. Please see republished Monetary Market fishing Guide below for the principle of monetary market investment.
Please get in touch to discuss this further or declare your interested in investing into a Bank of England Trust.
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 £293.559). This will result in the 10 gold selling for £2,935.59. Once you subtract your initial investment of £2,500.00 you will have generated a profit on your investment of £435.59.
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. 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
Comments
Just amazing
Lovely work.
Excellent work. The explanation of Monetary Market Fishing is clear and easy to understand. All eUK citizens should be engaged in this form of clean revenue generation!
Voted and endorsed!
*£200,000 has been proposed to transfer to Nifty. by a twat.
fixed it for you 🙂
Also it takes 10 days to catch your fish (unless it has been changed somewhat recently).
Also the amount you can get can vary greatly, sometimes all the cc you put on the MM will be bought and sometimes you don't even get a nibble. So I would suggest to be cautious before investing in an org, and would only do it if you have a large sum of cc (I would recommend having at least 25k, and even then it would be better to have more, although anything over 300k, I would invest in another org and split the 300k equally for better chances of a bite).
From my past experiences with it and current prices, you should except around 2.5% back from your original investment, but like I said, this can vary greatly sometimes.
Thank you, Scarfar
I have amended the Monetary Market fishing Guide as 10 days is far more realistic and to include some of your other advice. I'll also try and find some time to increase the MoF advice in regards renting an org to fish on the monetary market using your experience and recommendations.
its cute how much you dislike me
Loved it. Voted.