[MoF] Bank of England - Financial report June-Aug(ish)
Bank of England
Good morning gents o/,
Just a brief summary of our accounts from the last 2 months. Sorry for the delay, originally intended to publish yesterday evening - and forgive me if I forgo Huey’s fancy graphs as I’ve never really been that much of an economist either...
Also forgive the odd formatting in places but these emojis are ridiculous
The Books
Day 4,219-4,273
National Treasury: £79,411.85 ---> £208,137.87 (+£128,726.02 as of 10 : 30pm)
Monetary Market Fund : £463,736.93 (+£35,161.58 over 6 Citizens)
Government Organisations: £3,352,454.93 & 2,487.17G
Tax income (again from day 4,219)
Work as Manager: £144,120
Work: £42,312
Value Added Tax: £39,101
Import Tax: £9,015
Medals: £3,708
Total: £214,431
Expenses
MPPs: -£70,000
Cities Subsidy: -£23,825
Whisky: -£459 (reimbursed)
Total: -£93,825
Lost revenues*
Argentina: -£295,212
Greece: -£103,726
Turkey: -£69,543 (returned)
Croatia: -£68,781
Hungary: -£67,322
Chile: -£63,101 (returned)
Egypt: -£35,183
Cyprus: -£21,541
Thailand : -£12,548
Total: -£604,313
*Note that the bank will be in touch with new administrations after the election.
Bank of England Monetary Market Trust
As a reminder, the Ministry of Finance is taking advantage of the gold price on the monetary market by operating a Bank of England Trust for citizens and allies to invest in.
Six citizens have invested into the Trust. The monetary market profits have been agreed to be split 60% to the citizen and the remaining 40% for the Treasury to reinvest/store in reserves. Any monetary market profits made will be reported in future MoF Reports.
Do get in touch to discuss this further if you're interested in investing into your own Trust in partnership with us here at the Treasury.
Player Support Programme and Training Ground Loans
Upgrading your strength buildings is the best way to earn income as it allows you to receive Super Soldier medals much quicker. A Q4 Weights Room & Q4 Climbing Center (without any contract training) earns the most money of any training/contract combination. Together they will earn you 13.38g/month (0.446g/day) after you pay the daily training.
During promotional periods training ground upgrades are reduced;
To upgrade your Weights Room, Climbing Centre, Shooting Range or Special Forces Centre it costs 45% less for each incremental rise in quality.
Monetary Market fishing Guide
Monetary Market (MM) fishing is not new and there are many fine guides however here is a brief MoF guide as a refresher and to introduce the concept to younger citizens who may not be aware of it.
At the current market rate it is most optimal for a citizen to invest £3,333.00 into a MM fishing. There are two reasons for this;
1) The current and fairly long-standing exchange rate for 1GBP has been 0.003 Gold.
2) The daily gold limit for most citizens is 10 gold.
Therefore the maximum currency you may sell at the current exchange rate is £3,333.00 for 9.999 gold.
It will take around 10 days for your currency offer to sell on the monetary market. This will give you 9.99 gold. It is worth noting that the amount of currency you sell can vary greatly, sometimes all the currency you put on the MM will be bought and sometimes you don't sell any. Offers do expire on the MM, however, any currency that does not sell is returned to you.
Place this 9.99 gold onto the monetary market at the current exchange rate (around publications this was 1 gold for £429). This will result in the 9.99 gold selling for £4285.71. Once you subtract your initial investment of £3,333.00 you will have generated a profit on your investment of £952.71
In the high likelihood you’ve spotted a mistake or need clarification - don’t hesitate to send either of us a friendly bribe...
Cheers o/,
Appleby & Huey
Comments
Good to see we're still solvent.
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Expect we can be for years if necessary; even without a portion of the £600k lost returned.
Problem is you can gamble every last penny on a campaign and it wouldn't hold up more than a few battles at best
Very informative article
Thank you for your comment o7