Join the new world

Hello Ladies and Gentlemen

I am Arthur Wellesley, the new Chancellor of the Exchequer. I would like to take a moment to introduce the finance team for this administration and describe a little bit about the fiscal and monetary policies we are going to pursue.

First of all, we're going to try and replace the terms "Minister of Finance" and "Under Minister of Finance" with their real world counterparts (or close to them). Our new Permanent Secretary of the Treasury (previously known as the Under Minister - not an exact parallel, but close enough) is Nile Frater. He will be helping me deal with the current instability on the Monetary Market.

Secondly, we have Hoth functioning as our liaison to the military and offering advice on relevant spending. Finally, we have Archerstorm as an apprentice.

The main goals of the Treasury this term will be in stabilizing the eUK's economy and currency. We are committed to upholding the benchmarks.

I will repeat that. We are committed to upholding the benchmarks. They still remain at:

1 Gold = 38.5 GBP
1 GBP = 0.027 Gold

Previously, we have not had the liquid cash to maintain the benchmarks. This is not the fault of the system, but merely a reflection of the GBP shortage on the market. We are preparing to resolve this with the issuing of 50,000 GBP within the next day (hopefully). After that, the markets will be aggressively maintained and we will work with private business to encourage trading at benchmarks.

I would like to point out that the Ministry of Finance Org is no longer taking direct requests for personal purchases of GOLD or GBP at benchmark.

If you have any questions, we will do our best to address them. Further statements on policy will be forthcoming.

Thank you,
Arthur Wellesley
Chancellor of the Exchequer

(p.s., the Bank of England is not a commercial bank. Please stop asking for loans.)