The Bank NBB-BNB

Hi eBelgium and eBelgium people some of you know me some don't.I left belgium to the rl belgians and continiue to play the game and help some other nation.But i was in love with belgium and i didn't stop watching over you.And yesterday i saw that the bank has only 10 gold and i asked myself what hepend and i am here know and i want to know.And also i didn't see any donations.

thedragon I'm sure you can find the financial rêports too in the newspaper.

Hey

I can answer you that as I did those changes ^^ They all went towards the financing of our second MPP this month for our TW. We also had to pay the fees in advance as the donation of 60 gold confirms.

This was all voted on by congress : https://ebelgium.forumotion.net/congress-voting-area-f9/joining-colombia-venezuela-tw-passed-t865.htm So no worries. Also, you can't see a lot of our currencies that are currently on the market in order to be exchanged !

Greetings !

the problem was that about 10 days ago we've signed our MPP with malaysia for the TW over there. However, phillipines, the attacking partner of malaysia, got invaded and with the troubles over there, it isn't likely a new TW will appear soon. Thus it was decided to quickly sign a MPP with venezuela and participate in that TW.
results:
=> 400gold away in a short time.
that's your reason why. Further the economy is quite ok: the bank has a lot of BEF and the BEF is currently rather stable. For an economic overview, check our MoF's report on: http://www.erepublik.com/en/article/late-financial-report-1392215/1/20
I hope this answers your question!

Hi thedragon, good to see you back here.

How are you doing getting back your country eMacedonia on the map?

I missed you!

Manong Rizal wrote:I missed you!

I missed you too ,and i missed Belgium

Olv007 wrote:Hi thedragon, good to see you back here.

How are you doing getting back your country eMacedonia on the map?

Good to see you too.
The admins are just laying now they say that they will add eMacedonia after the new modules.We are just waiting we can't do anything else.
And someday i will return in eBegium.

And thank you for telling me what hepend.
An advice do not sign anymore for SOL TW is better to find some other TW.

thedragon wrote:An advice do not sign anymore for SOL TW is better to find some other TW.

well, we've got a month Col-Ven TW now hopefully, we'll see within a month if it's a good one or not.

thedragon wrote:
The admins are just laying now they say that they will add eMacedonia after the new modules.We are just waiting we can't do anything else.
And someday i will return in eBegium.

That's great news! I'm happy for you

Welcome thedragon! and that is great!

just mentioning that the peg has been bought out (aka NBB-BNB has been sold out) and that there's 'only' +- 1200 BEF available on the market at the price of 0.019, and halve of it is from one invester only so ...

The offer from the NBB-BNB just ran out. That's all, I reposted it.

Can someone explain me what the function of the National Bank is, what it's used for and what's the profit for the eBelgians and how we can make our bank powerful?

and what is "MPP" and "TW". I'm not familiar with the abbrevations.
Just playing the game for a week.

Greetings

MPP - Mutual Protection Pact (Alliance)
TW - Training War

It's simplier manage money from National Bank as organization than from country accounts (somebody else can explain you more about that, but I think it's main reason).

Longer explanation:

The national bank is an org, owned by the state that is the central hub for all the country's funds. It is used because it allows for much more flexible use of the country's money. If we kept the money in the national treasury, we would have to propose a congress vote every time we wanted to transfer funds. This way, we transfer the taxes to the national bank every month or so and use the bank to distribute the money.

Also, if a country loses a region, the attacking country gets a part of the treasury
So by transferring the money you make that the opponents get 2-3 gold, wich is better then 100-200 gold if you letted all the gold inside

Thats not good Glenn :/

Plus PTO (political take over) danger - if our Congress of President's chair would be taken over by some foreign group, they could send the funds from the in-game treasury (the place where our taxes automatically go to) to their personal organizations, litterally robbing our country. This has happened before (but luckily it was a while back, and hopefully we won't experience anything like this any time soon).

Aldous Zamiatin wrote:Plus PTO (political take over) danger - if our Congress of President's chair would be taken over by some foreign group, they could send the funds from the in-game treasury (the place where our taxes automatically go to) to their personal organizations, litterally robbing our country. This has happened before (but luckily it was a while back, and hopefully we won't experience anything like this any time soon).

Or your Banc gets hacked every month, like in Ireland
I proposed ideas to them to make it more difficult to hack a Banc, but they didnt listen (very good)
Too much people having acces to the Banc is asking for a hack

Glenn Wauters wrote:
Too much people having acces to the Banc is asking for a hack

+1, that's why many countries have fixed in (forum) laws who have access: enough to react quickly in emergencies like attacks, and few enough to keep it safe. It's mostly only 3 people (eNL for example: CP when not under PTO, Prime Minister and Minister of Finances). New people on any of those positions means new password.

(I use the same in eBelgium, by the way, where only also our trusted secretary Velitia has the pass.)

Aldous Zamiatin wrote:Plus PTO (political take over) danger - if our Congress of President's chair would be taken over by some foreign group, they could send the funds from the in-game treasury (the place where our taxes automatically go to) to their personal organizations, litterally robbing our country. This has happened before (but luckily it was a while back, and hopefully we won't experience anything like this any time soon).

was that the pto whit the group?

that was the last PTO that I recall indeed

nogex1 wrote:

was that the pto whit the group?

That's right.

Sammy Tanghe wrote:that was the last PTO that I recall indeed

I hope no one PTOs Belgium.

Rowan Quigley wrote:I hope no one PTOs Belgium.

With an small tax income, most cash on the national bank, no high regions, and both EDEN ánd Phoenix very close by (no need to create 'puppet state' here), I don't see why we would be PTO'd soon.

Plus, we have a full functioning Congress, something which makes PTO'ing harder.

Not saying it's impossible... just not attractive enough

Aldous Zamiatin wrote:

nogex1 wrote:

was that the pto whit the group?

That's right.

now that were bad days for belgium almost no jobs low wages expencive food bad days

Boklevski wrote:

Rowan Quigley wrote:I hope no one PTOs Belgium.

With an small tax income, most cash on the national bank, no high regions, and both EDEN ánd Phoenix very close by (no need to create 'puppet state' here), I don't see why we would be PTO'd soon.

Plus, we have a full functioning Congress, something which makes PTO'ing harder.

Not saying it's impossible... just not attractive enough

Good, Well I have plans to come to Belgium on the 20th December.

And hopefully have a good and just nice experience in a new country for me to visit and hopefully live in for a long time.