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[Finance] Rate of the NLG

Day 1,119, 06:35 • Published in Netherlands

• by Ministerie van Economische Zak

L.S.

As some of you might have already seen the exchange rate for the NLG hasrisen from 0.016 to 0.018/0.019.

The reason for this is that the offers posted from the government were taken from the market. The reason for this is to allow our currency some breathing room.

The reason for a higher rate is due to the loss of our high grain region the price of grain in our country skyrocketed. As a result food prices also rose greatly. With a higher exchange rate we hope to attract grain producers to purchase export licenses for grain to our country and drive down our very high grain prices. As a result this should lead in the grain price going down and as a result our food price as well. Hopefully the change in rate will not affect your salary in NLG. I do not see this as a problem seeing that we had some of the cheapest labor in the eWorld.

If you would like more information with regards to this change, feel free totake part in the discussion:

http://www.enetherlands.nl/viewtopic.php?f=27&t=7149

Gr Auggy