[GOV] Turmoil on the monetary market
Prime Minister's Department
Hello everyone, I come with some important news today. If you take a look at our monetary market, you can see that the exchange rate of MYR has jumped up to 0.01 gold from 0.007 gold only 1-2 days before. Deflationary pressure was too high at the 0.007 rate partly because of speculators and partly because of other reasons. If we wanted to keep the rate at 0.007 gold we should have printed more MYR to ease this pressure with which we have fallen behind. Without issuing MYR we could only stop the upwards trend (that escalated into all MYR being bought out at one point) at 0.01 gold for now.
But now we are catching up as a proposal is submitted about issuing 8000 MYR for 40 gold. It will take almost two days till we can actually use it but then we will try our best to normalize things on the monetary. Every congress member was informed about the situation and this proposal in private mail as well as this is a very important action, and I hope we will come out of this situation in the best possible shape.
Best regards,
Nagyzee
PS:
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Comments
voted
i hope this is fixed soon
Voted
http://erepublik.forumotion.net/the-congress-and-government-f15/modmy-suggestion-t195.htm" target="_blank">http://erepublik.forumotion.net/the-cong[..]5.htm
well, i think it's normal while those young population got their golds from medals together. It's even a chance for you to benefit this situation 😉
hopefully it will fix itself and it only benefits some. some is a huge disappointment
Mike Dale, what do you mean? Please be a bit more clear!🙂
i just got 5 gold hoping to get alot of myr i am no longer able to get the 150 myr for each gold i was hoping for.disappointment i missed the huge amount by 1 day lol but yes for people that had alot of myr the amount of gold you could get for the smaller amount of myr is good.