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You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.

[MoF] Bank of England - Financial Report 10th June to 15th July

Day 3,525, 13:53 • Published in United Kingdom

• by Bank of England

The Books
Treasury: £1,110,874.75 ---> £702,516.03 (as of 12:36 Day 3,525)
Government Organisations: £1,709,188.38
Tax Income (including donations): £494,815.00
Monetary Market activity temporarily suspended until market conditions improve
MPP Fees: £140,000.00 (Estonia, France, Bulgaria, Serbia, Indonesia, Macedonia, Israel, Cuba, Slovenia, Romania, Lithuania, Czech Rep*, Iran and Spain)
*Czech Rep MPP privately funded
Return of Ireland Tax Revenue (Day 3,466 - 3,487) £6,636.00
Return of Ireland Tax Revenue (Day 3,487 - 3,500) £4,903.00
Transfer to MoD from Country Accounts:
£400,000.00 (Donate Law I) & 400,000.00 (Donate Law II)
Transfer from MoD to Dishmc😛 £50,000.00 (for setting of COs)
Transfer from MoD to WayneKerr: £200,000.00 (for setting of COs)
Transfer from MoD to BoE: £530,000.00 (for monetary market investment)

Introduction

A report from the Ministry of Finance.

Market Log

Q5 Food Trends
Complete Record

Recent Record

Q7 Weapons Trends
Complete Record

Recent Record

Q1 House Trends
Complete Record

Recent Record

Q1 Aircraft Trends
Complete Record

Recent Record

Gold Trends
Complete Record

Recent Record

Monetary Market Profitability

Revenue

Average Wage / WAM Click Cost

Close

For any further information don't hesitate to contact me.

Huey George - Minister of Finance and Governor of the Bank of England

Comments

Chemical Chaos Day 3,525, 15:09

nice work as always

mittekemuis Day 3,525, 22:21

thank you

Sir Humphrey Appleby Day 3,525, 22:42

certacito Day 3,525, 23:47

Thank you once again for a comprehensive set of accounts.

Does the increasing margin between GOLD buy/sell prices mean that investments in monetary markets are more profitable?

Would it be possible to include revenue from monetary market trading in the UK Revenue chart? On a monthly basis, what percentage of eUK income is generated from MM trading?

Voted and endorsed

Bank of England Day 3,526, 02:47

Thanks certacito,

The MoF is currently not carrying out the monetary market activity as the profit margin on investments is around 8% on each cc invested (if you sell it, cc conversion to gold sells tend to be every 1 out of 3 with however a complete sell a fairly rare occurrence). With the risk, gold prices could drop below 500cc again resulting in a loss of profit if cc is sold at a conversion rate of 0.002 gold. It is deemed a little too low to risk private and/or Government investment. Prior to the Gold prices breaking the 500 cc mark and currency conversion rate dropping to 0.002, the profit that was expected 20% to 30% for a fairly long time and peak near 49% before Gold reached 500cc.

Once we start to carry out monetary market trading again I will include the revenue generated from this into the revenue chart.

Harambe the Gorilla Day 3,525, 23:48

bamber Day 3,526, 08:51

Can you provide information on the uptake of the loan to citizens during the training ground upgrade sale ?

Bank of England Day 3,526, 14:43

No training ground loans were provided during (or for) the last promotional sale period. 10 citizens declared an interest about potentially being supported by the Government however after discussions with them all, no citizen was in a position to take on a loan which would have benefitted them. The MoF will remain in contact with those citizens who the Government may be able to support during the next promotional sale period.

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