[MoF] Bank of England - Financial Report 4th January to 5th February

Day 3,365, 12:29 • Published in United Kingdom United Kingdom • by Bank of England


The Books
Treasury: £1,168,547.42 ---> £283,100.72 (as of 03:00 Day 3,365)
Government Organisations: £1,368,148.37 (£1,242,318.51 on Monetary Market)
Tax Income: £64,739.50
Returned Occupied Tax Income: £9,000.00 (Lithuania)
Loaned Organisations Income: £1,000.00
Bank of England Trust MM Scheme Income: £477,529.24 ---> £488,639.59
Bank of England Government MM Scheme Income £77,248.47 ---> £91,861.65
MPP Fees: £130,000.00 (France x2, Belgium, Canada, Belarus, Macedonia, Serbia, Indonesia, Germany, Israel, Iran, Netherlands, Albania)
Mo😨 £400,000 from Government Organisation funds
BoE: £800,000 from Country Accounts (2x £400,000 Donate Laws Law 1 Law 2)


Introduction

An end of term report from the Ministry of Finance.


Market Log

A look at recent market trends







Revenue

Average Wage



Bank of England Monetary Market Trust

As a reminder the Ministry of Finance is taking advantage of the increased demand on gold price on the monetary market by operating a Bank of England Trust for citizens and allies to invest in.

Ten 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.

Since Day 2,908, the Bank of England Monetary Market Trust has made profits of;

£488,639.59 for the UK
£663,302.74 for private citizens

This equates as a daily income for the United Kingdom of = £1,069.23

The Bank of England Government only investment MM Scheme equates as a daily income for the United Kingdom of = £463.95. This has been in operation since Day 3,135.

Please 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

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 £3,333.00 into a MM fishing. There is two reasons for this;
1) The current and fairly long-standing exchange rate for 1GBP has been 0.003 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 £3,333.00 for 9.999 gold.

It will take around 10 days for your currency offer to sell on the monetary market. This will give you 9.99 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 9.99 gold onto the monetary market at the current exchange rate (at publication's this was 1 gold for £454.000). This will result in the 9.99 gold selling for £4,535.46. Once you subtract your initial investment of £3,333.00 you will have generated a profit on your investment of £1,202.46

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