Month overview and financial conclusions.

Day 896, 07:27 • Published in Netherlands Netherlands • by Ministerie van Economische Zak

Dear citizens and other readers,

I know that those financial reports are long and hard to read.
That is why i am presenting an overview, this overview goes for my term so since march 26th.

The data below ignores that money is on the mm and deals with it as if it was removed from the mm.

Current amount of money in our DNB and EZ:
44350,03 NLG
1836,23 GOLD
5000,49 BEF

11000 NLG is comming in of tommorow but that will be taken out of this report.

Amount at the beginning of my term:
97421,54 NLG
551,84 GOLD
29510.85 BEF

So the change is:
-53071,51 NLG ( -849, 14 GOLD)
1284,39 GOLD ( +1284,39 GOLD)
-24510,36 BEF ( -465,7 GOLD) (this is at an rate of 0.019 like there mm will be soon).

If u count this all up 1284,39 - 849,14 - 465,7 = -30,45 GOLD

This means that we lost around 30 gold this month.

conclusion

We sold lots of local currency and gained lots of gold.
Our current balance of our country is -30 gold, this means that we are spending around 30 gold every month.

Some might say that we can print nlg for 0.005 gold and that the balance is then not -30 gold.
---- calculation, skipp to ---- if ur not interested
53000 * 0.005 = 265 gold
53000 * 0.011 (difference of printing and selling) = 583 gold.


So those who say we can print cheaper will then say we didn't lose 30 gold, but gained 553 gold.
But i then have to remind u that we also need some buffer to buy nlg again when market tends to go the other way ( the last days we allready bought 35 gold worth of NLG),
In order to make good financial balance we have to exchange gold