[Finance] The UNL Economy and Monetary Market
•
by Ministerie van Economische Zak
The Ministery of Finance would like to inform the public on a few matters relating to our Economy and the Monetary Market (MM).
First of all the State Secretary of Finance Pander Sol has resigned his position. I have decided that no replacement is required because my duties as Minister of Finance aren’t that much. The quality of my care for our Economy and the MM will not suffer because Pander Sol has resigned.
The biggest problem is still the MM and the fact that there are too many NLG on the market. The previous MoF, Boklevski, and I have sold a lot of gold for NLG in an effort to create a shortage of NLG which will increase the worth of the NLG. So far this has been without the hoped effect but we will continue to try.
Right now there are two things that can happen with the MM and that can help speed up the process of restoring the NLG to its value. I will discuss these shortly:
1. We merger with the UK which will mean that all NLG can be exchanged for GBP. The rate for the GBP is 0.03 gold while the NLG is 0.015 gold. So if we merger I would like to see that for every 2 NLG you get 1 GBP which will mean that your savings will stay intact. Now because the NLG will be taken of the market our MM problems will disappear with it.
2. We don’t merger with the UK but instead take back Brussels and Flanders. With those 2 regions come 363 citizens and several companies. Those citizens and companies will need NLG to buy food, weapons or pay their employees. This will increase the demand for NLG help creating that shortage. More citizens means also a large economy, market and more profit for companies.
So I think that in the next few weeks the MM and our economy will improve. The new MPP with Turkey and the daily battles will help citizens to keep their wellness high and will increase productivity of companies and therefore profits.
Do you want to help the economy? Invite some friends to start playing Erepublik and get 5 gold when they reach level 6.
Regards,
Minister of Finance Mitch rapp
Facebook
Twitter
Discord
Comments
Voted, nice report.
Voted
Yep, good report. But I think those of Boklevski are much better 😉
For invitations, use the UNL website !!!!
>> http://unl.ebabyboom.fr" target="_blank">http://unl.ebabyboom.fr <<
Don't give them the erepublik link but the ebabyboom website link !
Please edit it the article ! 😉
Thanks for the report. I do hope more information will come like Boklevski did here on December 2: http://www.erepublik.com/en/article/-finance-financial-report-december-2-16h00-erep-time--1065567/1/20" target="_blank">http://www.erepublik.com/en/article/-fin[..]/1/20 For a government that is for transparency that would be good to do.
I asked questions under the last governmental news, I repeat the economic ones here because they were not answere😛
On the economic field I am not that positive. I do understand that when we would merge with the UK economics will improve. But when Brussels and Flanders are back in UNL and no merge will happen I do not think so much improvements will be made. I have seen companies closing, I have seen times with no skill 0 jobs, I have seen that the wages dropped, and prices are about stable. So I am very interested to hear why "economic opportunities arising"?
With all do respect Niemand (Cocoamok) the part about no skill 0 jobs is ridiculous and you know that very well. Right now there are 100 skill 0 jobs open with the training companies. Sometime all of them are gone and that goes unnoticed untill we get the reminder from erepublik. So normally there is maybe 15 min no skill 0 jobs.
When Flanders and Brussels are rejoined to us we get 363 new citizens. These citizens need to eat, fight and work. So when they join we need to feed 363 more mouths everyday so more products being sold. More demand = more economic growth which is basic economics.
If you disagree with that i suggest you go read some economic books because in RL it works the same. The world economy is growing because countries like China and India have a growing demand for products. Same applies in Erepublik but instead of globally the focus is more locally because of the import tax in all the countries.
Thanks Mitch Rapp for some answers. My knowledge of economics is quite good, so no need to your instructions to read those books.
You can tell me it is ridiculous about no skill 0 offers, but I have seen them a lot of times without reminders. There is no need to have none skill 0 offers, food that you have now about 100 open.
Interesting that you think that the 363 citizens are all active in Flanders and Brussels. Most active citizens there will be already moved to either Romania, UNL or London because they wanted to have a Q5 hospital available. I expect a minor growth from these regions. When this is the only reason for growth (as you did not bring in other things, nor did you reply on companies closing, wages dropped and prices stability) I fear your optimistic economic view is more based on wishes than on knowledge.
Gold market did come back from 1 NLG for 0.014 gold to 1 NLG for 0.015 gold. But still not strong I think. Good for export it is though. I wish you luck.
No answers were made on the
When the UNL was in control of Flanders it had only 70 people living there although it had no Q5 hospital which it neither had during the Romanian occupation but it still grew and actually almost doubled in size. So last presume that the 363 citizens in Belgium are all dead or inactive, then still a lot of new people join in those regions. So the same principle will apply more people more growth.
To asnwer your companies on companies closing, that is part of doing business. I know that as a socialist you would like to see the government financially support all companies even those that arent profitable but the current government doesnt believe in that.
The profitable companies will stay open the other companies will quite and wait for better times. I also see new companies opening as we speak. A q2 weapons business and gift business openened in the last few days so companies are closing and opening.
Thanks for trying to answer again. You seem to fail to understand what is socialism and on what are my ideas. I have no intention at all to give subsidizes at all to the private companies, neither will most socialist parties want that.
The profitable companies stay open of course. with the lowering of wages more and more will be profitable. But that will not automatically bring a better economy (less to spend by the employees because wages are lowering, less selling inside the UNL, more export though).
I presume your way of handling the economics is all by the free market. Remember that when people start business that fail, the investments are a loss to the society in a lot of cases (like grain companies outside Western Netherlands or companies from people who stop because of this failure. All gold not spend for improvement of the UNL.
I cannot follow your explanation in the Flanders/Belgium case, but as I do understand two more regions when united with UNL will give at least more citizens.
The best economic growth will be the new citizens that come lately to the UNL. Sadly UNL is loosing high skilled citizens due to the low wages. I hope the coaches will be able to get most new citizens active for a long time and that the emigration will stop.
Again wish you luck with your methods.