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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.

Coming soon: The hyperinflation

Day 1,221, 09:12 • Published in Japan Japan

• by Koppanyi Ferenc

The current exchange rate: 1 gold = 144 JPY (other side: 1 JPY = 0,009 gold; the gap is 33 JPY/gold!). And it will be even worse: there is 43K JPY and only 287 gold in the National Bank (the congress just printed 25K JPY). I don't want to demut, but I have to ask: is it a calculated devaluation?

Hyperinflation in Hungary, 1946

Comments

ShinigamiTM Day 1,221, 09:23

eh... -> Nipponblog.net <- visit our national forum once in a while and you shall know everything

Koppanyi Ferenc Day 1,221, 09:43

It answers nothing. Or I have not found the good topic...

Amamiya Mii Day 1,221, 10:30

価格破壊か
http://nipponblog.net/showthread.php?p=54048

Fruitcommando Day 1,221, 10:35

>more worse

Sugawara Michizane Day 1,221, 12:12

@fruitcommando
Implying English is either a) everyone's primary language or b) have mastered it.

What a tool..

Squibeel Day 1,221, 14:03

@fruitcommando
i've seen you write worse things...

Lejina Day 1,221, 15:01

From reading the linked thread on the forum, I just learned the MoF of eJapan is freaking Yoda.

YUICorp Day 1,221, 23:36

thanks the admin for printing so much money for us

Marchello12 Day 1,222, 07:20

Oh sh*t.. I think I'll better wait till the Yen starts climbing again..

Terrys Ren Day 1,222, 11:32

@Yagami M
It's no good posting a link to a thread that we can't access. 😑

Sardar Confucius Day 1,222, 12:24

My wallet is a wheelbarrow.

Sophia Forrester Day 1,222, 13:46

Does anyone actually have a coherent explanation as to why the admin would print more money? It does not help them, since gold stays just as valuable. It does hurt national banks and wealthier players though. Also seems to have been playing havoc with the monetary markets... but just that rumor can't explain everything. I wonder if the overproduction could be it? Well, that makes more sense than thinking admin would intentionally devalue Gold by adding free currency that no one needs to pay to print.

Lejina Day 1,222, 16:24

Admins are buying the overproduced products in a bid to keep the economy/prices stable. However, by doing do they create a massive amount of currency.

It's yet another band-aid fix made by the admins with little forethought.

exReality Day 1,223, 01:26

Congress printed JPY so we can use them for the new MPPs. MPPs now cost currency. Since the currency is not actually entering the monetary market there will be no devaluation caused by the printing of the yen.

The only devaluation you see currently is the damage the admins caused by buying the overproduced products. By buying that many products it increased the circulation of yen that did not exist. Unless you have a genius way to combat the admins, there's not much of a solution you can think of. So no, the devaluation wasn't done on purpose.

exReality Day 1,223, 01:31

Also @ Koppanyi:

http://nipponblog.net/showthread.php?t=3024&page=7
http://nipponblog.net/showthread.php?t=3058

@Terrys Ren.

Sign up on Citizenship access to get your access on the forums again.

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