BEF is going down!

We need to take some measures... We must reduce prices of goods and raws... we paying at the moment for big prices. Everyone sell on eBE market... home and foreign companies. Than sell bef for gold and crashing our currency...

Oh dear, just saw the MM.

What is going on?!!!1!

many people selling bef at lower prices then the peg. 0.018 atm

Is it because they're foreign agents and they know something we don't?

This is rather shocking, hope it does not destabilize the economy too much. I know the government will have a response to this. Just give them time.

Well, I will not go as far as to call it shocking or something done by foreign agents, as the amounts on offers were acceptable.

I have bought the offers of 0.018 G, and will continue to do so.

Fortunately, we took a careful approach when the rates were at 0.020 / 0.021, and we didn't flood the market with BEF. This makes for a whole lot easier MM management now.

Also, as we didn't waste gold over the last months, we have a very healthy financial situation of our country, we have the means to counter the smooth fluctuations in the rates. (I have to mention the help that Palodigon's generous donation will bring too! - although the loss of such a player really hurts... )

Just note: every offer bought at 0.018 G can later be sold at 0.019 G, so if the amounts are not too high, it's even a small profit for our country!

I will publish an article later today to let all our citizens know.

--
Boklevski,
Minister of Finances

PS: Here it is... http://www.erepublik.com/en/article/-mof-an-update-on-the-bef-rates-1641650/1/20

Huray for small profits

NBB-BNB, it's time to get back to action
I bought all offers for 0.016BEF, but NBB-BNB will have to do the 0.017 ad 0.018 offers, I'll buy some of the 0.017 too

NBB should to offer gold on sale... by 58 befs per gold... On that way they will stabilize other side... Bef will be 0.018-0.019.

Glenn Wauters wrote:NBB-BNB, it's time to get back to action
I bought all offers for 0.016BEF, but NBB-BNB will have to do the 0.017 ad 0.018 offers, I'll buy some of the 0.017 too

Done

(It's part of that not being online 24/7 again. I'm on family-weekend, so only limited time to log in... )

Thanks for helping out!

draganw wrote:NBB should to offer gold on sale... by 58 befs per gold... On that way they will stabilize other side... Bef will be 0.018-0.019.

To put any gold on the MM is very dangerous because all the currencies are devaluating because of the large income of "fake" national currencies... Plato have set up a script which buy overproduction products in each countries...

http://www.erepublik.com/en/article/plato-food-fake-money-and-bot--1650391/1/20
http://www.erepublik.com/en/article/economic-review-1650341/1/20
http://forum.erepublik.com/showthread.php/107167-eRepublik-is-issuing-and-destroying-county-currency!

Question to Thomas... How many companies do you have? I mean, I how many do you work daily?
Read in an article you made 30.000 economic skill in one day...

Not blaming you, it's the new rules so I guess you just play by them.

The stats of the articles were wrong, it was the stats from 2 erep days and not from one... And it's true that i worked more than as usual these last days in order to become guru***, which i suceeded by now...

well these new rules will crash the exchangerate and also the currency injection the admins gave will do alot to the exchangerate.

*And I went down down down, into a great ring of fire, ... and flames went higher*

Theneka wrote:*And I went down down down, into a great ring of fire, ... and flames went higher*

^^

back to serious though: buy up the 0.018 or lower offers and resell them at 0.019 if you can.

nope i would strongly advice this.
Plz wait untill admins are going to do something.
Because otherwise u will spend alot of gold and u will get nothing in return because admins print money and buy goods with a bot.
So there will only be more currency on the market and there isnt enough gold in bnb-nnb to buy this all so the exchangerate needs to be free and when admins finally do something then they can control it again.
But for now its useless.

And when do you expect the admins to do something good at this
The last thing I remeber when I thought the admins did a good job, was with the removal of happiness, wich I eventually found a bad job
You have to look back for over a year to find a good decision of the admins

Antiko definitely has a point. That is also why I'm reluctant to put up any GOLD offers with NBB-BNB. If some foreigner wants to get rid of all his BEF at once, he can easily buy up the whole offer. You can't do that with the current smaller amount of gold on sale.

I will, however, continue to buy all offers of 0.018 G and lower. I do acknowledge that the admins keep f*cking up this game anyway, but it's better than doing nothing at all and hoping things will go better one day, because... well... as Glenn said: we are already waiting for that for one year now.

This game sink fast! That is only think what can save as, or separate as... this is really remind me to my country Serbia in RL... we also sink fast, because of bad decisions of some people...

draganw wrote:This game sink fast! That is only think what can save as, or separate as... this is really remind me to my country Serbia in RL... we also sink fast, because of bad decisions of some people...

Your country is not the onliest one on a sinking ship
But we cant even dicde who is allowed to use wich rescueboat, so everyone will drown
Thats the current political situation in Belgium

Glenn Wauters wrote:
Your country is not the onliest one on a sinking ship
But we cant even dicde who is allowed to use wich rescueboat, so everyone will drown
Thats the current political situation in Belgium

You know... we could always try a RL United Netherlands?

Boklevski wrote:

Glenn Wauters wrote:
Your country is not the onliest one on a sinking ship
But we cant even dicde who is allowed to use wich rescueboat, so everyone will drown
Thats the current political situation in Belgium

You know... we could always try a RL United Netherlands?

Do you think Im opposed to that? Nope
But thats maybe because im 1/2 dutch