Important: Ministry of Finance Announcement.
Day 1,240, 17:36
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Published in Ireland 
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by
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by New Ireland Bank
Summary:
From today the Bank will be holding the Gold to IEP rate at 0.01. If you are an Irish Business or Citizen, message the Bank and we will sell you IEP at the rate of 0.006. Please shout this and spread the word.
Reasoning:
One of the issues the wider economy currently faces is the retention of Gold at a player level, causing poor liquidity, unpredictable market conditions and the excessive predatory buying of currency.
The first of a number of MoF initiatives to gain economic stability will tackle excessive speculation on the MM, which is one factor in the current unpredictability in the areas of wages and prices. This will be achieved by ensuring that the currency exchange is unviable for currency predators, who are currently keeping the value of the IEP artificially low. (240 IEP to 1 gold).
Holding the IEP rate at 0.01, up from 0.06, will dissuade foreign MM players who ultimately have to turn their currency back into gold. When the IEP to Gold rate returns to a market defined level (Probably 140 - 160) the bank will gradually reduce involvement in the other side.
Providing Irish businesses and citizens with a rate of 0.006 from the Bank will ensure that during this process it is not the Irish citizen who shoulders the burden.
Look out for more Ministry of Finance articles in the near future.
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Comments
Nice 🙂
Cheers brah
Voted.
It's nice to see efforts being made for a better eIreland.
I'm working on a small project to shore up the value of IEP, too. I'm hoping to implement it sometime in the next few days. I also have another project on some pertinent financial info. But, that won't be ready until early next month... sorry.
nice 😃
Ambitious project considering that Gold is ~200 in most of the major currencies.
The move is not permenant, just phase 1 of a wider strategy.
I'm not criticizing this, just stating that it is pretty ambitious. Looking forward to seeing more of the strategy.
Hahaha.
I'm going to ruin it just to annoy you
Stranger Here Myself for MoFinance
I would welcome Stranger Here Myself into the Financial Team.
ambitious but it i hope it works
Good luck with Phase 1
It wont be possible to hold the IEP stable at 0.01, if we, at the same time, provide IEP for 0.006 to irish citizens.
Unless there is something really smart about this that im missing (or about Phases 2+), this looks like a big Gold-grave for the irish tax payer.
It's at 0.006 already, good work.
And I wouldn't join an administration that is ready to go insanely prodigal with taxpayers' money for the first whistle of the ultimately incompetent leadership of the army.
Btw, after a day or so, nothing has really happened on the monetary front either.
And it's your own comrades sabotaging your efforts:
Kavrocks 766.28 IEP 1 IEP = 0.006 GOLD
This IA government is a disaster for eIreland.
Attempted control of the monetary markets makes sense in RL, but in erepublik there's very little point only to help those with a load of IEP be a bit richer.
That is true