[MoF] Profits and #buyirish project

Day 3,979, 10:17 • Published in Ireland Ireland • by New Ireland Bank



Dia Dhuit, Éire!


As I promised it’s time for an update on what’s going on in Ministry of Finances. There’s been few things I’ve been doing lately, most of my time went on Monetary market where we had to fight strong inflation and losing the value of currency. Gold has been raising fast and it was a big challenge to follow markets and know when to buy. Also, there are few projects rumbling through my head, one of them is going to be started today with a 300 000 IEP budget.




Security

Firstly, I’ve started the procedure of resetting our orgs, all of them are going to be dedicated to the new e-mail address as part of security reset. I’d also like to thank aimeisan for keeping all of them safe and secured. He did a great job in that department. Until the end of this week we should have all of our orgs secured with a new email and password. Rented orgs won’t be affected by this change so we don’t complicate things for everyone involved.


Rented orgs

At this moment we’re only renting one of our orgs to the foreign citizens. As the price is kinda good for all the sides in this story I believe we should make a stronger effort to rent out few more. Anyone who wants to rent Irish national org can do it for a fee of 4000 IEP per month. For someone who knows how to operate on Monetary Market this price is fairly cheap. All other informations about our orgs renting project can be found in.

The only change from the previous month is that we’re no longer allowing anyone to change org’s name. Some of those name still have a huge meaning to those who has been here for years and for that reason we’ll charge anyone who changes name with an additional 10 000 IEP.

Also, orgs are free to rent to the Irish citizens so if you know what you’re doing and if you’re aware of all the risks, feel free to send me a message and get org for yourself.




Current state of Irish funds

I took charge of the Irish finances few days before the CP elections. We didn’t have any money on our orgs except the 400 000 IEP Trito has been trading with. Considering the huge changes on the monetary market it was crucial to put our currency in use as it would only lose the value sitting in the treasury. The 1 200 00 we’ve gathered through donations would be worth less today compared to gold. There's another congress proposal of allocating another 280 000 IEP to the Ministry of Finances.

Some of the moves I'm making are highly risky and we might not end up in profits, but I doubt we'll end up losing the money as well. What we're doing is basicly protecting the value of our assets by adopting to the changes. If we're not on it we'd be about 100 000 IEP poorer today.

Anyway, what we used 1 200 000 to buy gold when the price of gold was lower and we’ve made about 50 000 IEP profits during the last week. This week has been equally hectic in terms of changes so I’ve made some moves to protect value of our assets and the results are more than obvious. I stated them in my last article, but in order to keep everyone updated I’ll post it again.


Start assets value:
1 200 000 IEP
End of period assets value:
1 261 000 IEP
Change:
+61 000 IEP




Project: #buyirish

We’ve been receiving feedback from our citizens and they were unhappy with the high prices on our markets so we’ll be taking action to change that and make eLife easier for everyone.

Ministry of Finances will start buying products and raw material on foreign markets and import in here in eIreland for the equal prices. The price difference will always be under 5% of the prices good are bought for. It means eIreland will have the cheapest average prices as we’re going to buy much cheaper than anyone could afford due to discounts for bigger amounts and our connections to foreign producers. If there’s anyone of foreign producers interested to work with Irish Government on this project by selling us stuff cheaper you’re more than welcome to message me.

Products we’ll be buying are:
- Q1, Q2 and Q3 houses
- Q1 and Q5 food
- Q7 weapons
- Weapon raw material
- Food raw material

To make this project successful we need to support it as a whole community. Project will start as soon as this article is published and you can all start buying on Irish markets. Our goal is to save up travelling money for our citizens. Ireland will have the world’s cheapest prices and hopefully it will bring some profit to Irish citizens. Also, if there are any producers in Ireland who could supply the Government with products stated above, please message me because we’re interested in buying them.

I’ll use my private funds for this project to avoid the complications with calculating all the expenses and money returns. Budget used for this will be 300 000 IEP.
UPDATE

Money spent:
292 500 IEP

Net value when sol😛
292 300 IEP


*Currently the cheapest market in the world







Yours,
Don