Open Season January 2024

Day 5,923, 23:59 • Published in Japan Japan • by metehan2010

Dear eJapanese Citizens and some others;

Here is a cool story about what happened to your money last month.



Our daily revenue has exceeded 400k cc per day mark since day 5873. Averaging 440k a day. Out of which we owe a little over 400k back to our TW partners (Finland by itself is over 300k a day). This means, even if we manage to post donate laws back to back whole month, we will not be able to keep up transferring enough to our orgs in order to pay our partners back.

We receive about 1m cc back in taxes from our TW partners every month and that helps us run our transactions without dipping into our savings too much. However it is extremely important to place donate laws as soon as the current one ends. Please remind each other when you notice if there is no active donate law.

Nadvis's recent article about how to place donate laws is here if you have not placed a donate law before.

https://www.erepublik.com/en/article/quick-guide-to-donation-law-2776214/1/20

Additionally, Monetary Market profits are a must for us to keep our incentive programs alive and/or on life support.



However, Air Rank Improvement is still very expensive. Our MM profits have covered this expensive program for draIeNS89 terms but it is no longer sustainable. We have to adjust and cap the earnings at 10k cc for every citizen for the Air Rank portion of our program. J.U.D.O will stay the same as before. So, max amount any citizen can get in a week is 20k cc. We can revise it again as necessary during upcoming weeks and months.

Summary of #s for January as of Feb 7:

We have not made and tax transactions yet.

At the end of last month our net worth was 43m (total value in our org accounts)

Air Rank Improvement & Judo Expense: 3.64m
Donate Laws : 24 Laws, 8 IJA, 16 Bank of eJapan = 9.6m

Total value in our orgs as of Feb 7 is 50.9m



43m + 9.6m - 3.64m = 48.9m
50.9m - 48.9m = 2m is our Monetary Market profit for the month.

Taxes owed back:

Finlan😛 10m (they gave us a 10% discount last month, we shall see if they will offer the same this month. I will note the article once confirmed.)
Canada: 965k
Spain: 1.12m
Pakistan: 539k

Taxes to receive back:

Estonia: 278k
Polan😛 252k
Pakistan: 272k
UAE: 282k

Once we settle these transactions we will have about 39.6m in our org accounts. We did not do as good of a job with donate laws compared to previous months so losses look a little worse than they actually are but this is the reality with 400k limit on donate laws.

Let me know if you have any questions.

Thank you.

Metehan2010

Update 2/9/24: Finland offered 10% discount so that is another 1m cc stayed in our bank.