monetary market

when will the goverment do someting about the swings or do you let it bee

Government does nothing. Try to live with that.

bruno goethals wrote:when will the goverment do someting about the swings or do you let it bee

The day we have enough money to stabilze that. It isn't cheap to do it, you need like 100-200 gold to hope and do somehthing (and change it to currency). We don't have that money for the moment and you can understand why we don't do something. I would like to change it, but we simply can't.

If one of you (Bruno & Palodigon) have a good proposition, I would be happy to hear it. Maybe you can donate some of the BEF you have?

olv007 i dont have much bef left already used the first time to make the mm stable so sorry cant help you

and the Eunl have alot to ask them

You have stole 1/3 of the BEFS Belgium had when eBE merged with eNL.

You maybe don't have BEFS anymore, but you can donate some golds to our state to help to stabilize the monetary market...

It's quite unbelievable that the two ones who complain about the MM are 2 of the 3 guys who stole/kept/secured (choose the correct one) the old belgian treasury...

And for information, Bruno G, wasn't you who change the pass of the Belgian Local Government organisation ?

this is so funny.

nice constructive comment... it will help, i'm sure...

BY the way, the mm isn't unstable at all. It's been fluctuating between .16 and .18 for a very long time now.

palodigon wrote:BY the way, the mm isn't unstable at all. It's been fluctuating between .16 and .18 for a very long time now.

http://erepublik.ws/currencies/BEF

then why did you put out an offer to sell it at .015? to the original question, why are you taking stolen bef and using it to create stolen gold and incite chaos into the mm?

no its not me that changed the pass and i did donate some gold and bef to

jasonalwaysready wrote:

palodigon wrote:BY the way, the mm isn't unstable at all. It's been fluctuating between .16 and .18 for a very long time now.

o_rly.jpg

http://erepublik.ws/currencies/BEF

then why did you put out an offer to sell it at .015? to the original question, why are you taking stolen bef and using it to create stolen gold and incite chaos into the mm?

That only proofs what i was saying. It has been stable since mid januari up till now. But .15 - .17 instead of 16 and 18

and I thought we talked about the stolen money.

then let us go back to the original concept that youre trying to pull over on everyone. if you keep changing the peg with the 10-20000 bef that you have, you are hurting the economy, not helping it. if you really think that you were doing the best thing, would it not be better to give the money to the bank, so that they get belgiums gold instead of you, and they can be in charge of setting the ceiling peg?

Let's throw in some of my Finance experience. It's up to you whether you want to use it or not

First: Look at the graphs per month.

http://erepublik.ws/currencies/BEF/month

With a small exception of two days (February 6, February 14/15) it looks quite stable. Of course, young countries need some time for the economy to get on track: companies need to be set up, others need to switch from old currency/market to new one (requiring a lot of instant demand for BEF), people use the chance to get rid of any BEF they don't need anymore (they couldn't sell it before, as there was no Belgium).

Only after the first period of stability, the government should look at the rate and decided on what rate to stabilize it. Even if you have enough resources at the moment to stabilize, maybe it's good to wait a week or two, to give the BEF a chance to come to a "natural" balance.

I'm pro government stabilization on the MM, also did so when I was MoF in eUNL. However, timing is important in order to avoid throwing away all your resources.

I think governmental influences on the mm could be very costly. More than you think. Don't forget that alot of bef still is in the hands of foreigners. Waiting for the government of belgium to pay them alot of money to keep the belgians mm stable.

i consider it throwing away resources when in the space of 24 hours, you put out tens of thousands of bef anywhere from .018 to .015.

+1 jasonalwaysready

If you stabilize as government, you'll need to do it structural: at one rate for a prolonged period of time - and have the resources to keep offers up during that time.

Also, start "high" (0.018 for example), and slowly lower it to the rate you want to reach/stabilize on. (This maximizes the amount of gold you'll get for the BEF sold and reduces any "shock" effect on the market.)

not that it really matters. belgium wont see any of this stolen gold.

jasonalwaysready wrote:not that it really matters. belgium wont see any of this stolen gold.

... which is not a reason to not focus on a stable economy/market

Boklevski wrote:

jasonalwaysready wrote:not that it really matters. belgium wont see any of this stolen gold.

... which is not a reason to not focus on a stable economy/market

true, all i meant was to drive the point home that the money was stolen from us, and is now being used against all of us in profit against us.

Boklevski wrote:..., people use the chance to get rid of any BEF they don't need anymore (they couldn't sell it before, as there was no Belgium).

The BEF price for Gold was practically the same as now about 2 months ago, when eBelgium didn't even exist (and that considering that when The Group left almost 100 BEF were needed to buy 1 Gold). I believe there were some Spanish investment groups (among others) who were speculating on the BEF back then, and sort of kept the rate stable.

Just a small remark off the point

wow the price of gold as increased by 10 BEF good if you want to sell but costy if you want to buy some.

Old thread is old.

This was from before I arrived here.

I know but I didn't fell like creating a new thread just to say what I wanted to say.

If you use this graph, you can see that the price of the BEF has indeed been going down.-Monetary market graph

But before we can intervine, we must first see to what point we want to stabelise the BEF. How much do we aim from? 0.018g or more? Pleas keep in mind that high BEF price will mean that our export isn't realy going to be good, but I'm not realy up to date about the belgian economy situation. Could you guys tell me what our biggest market is? local or foreign?

I want to make clear that we will do evrything within our power to make sure our market is stable and our economy turns. eBelgium will get back it's fromer glory and rise I would also apreciate evry help I can get, and I want to ensure you that we'll keep trancparancy high in our ideals.

Theneka,
MoF of eBelgium

Good to see that you are motvated.

Theneka wrote:How much do we aim from? 0.018g or more?

Maybe read the topic about the peg a bit... it contains more info (at least more recent info) than this thread.

Theneka wrote:Could you guys tell me what our biggest market is? local or foreign?

Or

C) None of the above options?

the UNL still has 5k BEF left, so dont hesitate to ask there MoF (me )for help if u want to put some extra BEF on the market to put some pressure on the BEF.

right now there is plenty of BEF for sale at .02

I believe the general consensus is that this is ideal. I still think the NBB-BNB should convert it's BEF through a peg regularly to maintain the .02 price but the market is more stable than ever now imho.

isn't belgium more of a local economy?
if yes then we need a strong BEF, if no then its not really a problem if we have a low BEF because it could give us more export changes,
the question we need to ask ourself is what the plans our for the global economy to do, do we want to have a good local or a good global economy?
we have to keep in mind that we are a small country without a lot of resources so a global economy is probably better but if we could let the value of BEF decrease that would mean that our local economy could get in trouble, wich means there should be some kind of support then towards the local economy. The opposite doesn't count that much, because the bigger companies go international and suppose they have a rough period they will have much more chances to recover then a local company that just started up.

Sorry, but only users granted special access can read topics in this forum.
could u plz tell the headlines what was in that post?

On request of our MoF Theneka, here's a proposal to make 12 000 BEF available for NBB-BNB to use to set a peg of 0,020 BEF on the Monetary Market.


This has been passed

well that's just jolly.... Whatever happened to the economic terrorist?

Velitia wrote:well that's just jolly.... Whatever happened to the economic terrorist?

banned during a while and then left.

DNB also has 5k BEF on the belgian market @ 0.02
Plz inform us when we should take it off or when we need to change the course.
Greetz,
Antiko
MoF of the unl

the 10000 BEF should be always visible on the first page of the "exchange table". If not speculations start again...

kabouter_wesley wrote:the 10000 BEF should be always visible on the first page of the "exchange table". If not speculations start again...

Normally you can see it on first or second page. Doesn't change much tough, they are checking this ^^

Apotygma wrote:

kabouter_wesley wrote:the 10000 BEF should be always visible on the first page of the "exchange table". If not speculations start again...

Normally you can see it on first or second page. Doesn't change much tough, they are checking this ^^

euhm, is it normal that NBB-BNB sells it at a rate of 1 bef = 0,2g? o.O

damn that's why I didn't see it. Grrr sorry my fault

BEF from nnb-bnb should allways be at the bottom of the page, wheater its number 2 or 10. speculators only calculate the total ammount of BEF that is on the market (and probably check for additional BEF in belgian treasury, in this case nnb-bnb)

Unless the belgian government wants to sell some of there BEF, otherwise the offer should be the lowest.