[ Royal Alexandria, 13 October 2018 ]

The Right Honourable Marion Maréchal-Le Men, President of the Electoral College and the Yohannesian Emperor, told current affairs programme The Nations this morning, “... that when times are tough, investors flock to the Quertz because it is the national currency of a government with reputable economic administration and proven worldbuilding track record. However, a much stronger Quertz is not good for our international trade-led economy. Yohannes is not that strong, actually — we are growing weaker, economically and militarily. In comparison to fast growing powers from powerful organisations such as the International Freedom Coalition and Santiago Anti-Communist Treaty Organisation, we are becoming comparatively weaker by the day.”

The 18th Yohannesian Emperor concluded, “I was voted into office with the promise that I will try to limit the encroaching and destabilising negative effects of internationalisation and deindustrialisation caused by Israeli banking conspiracy and unfettered non-Occidental open border, illegal immigration organised by radical extremists and religious terrorism. I want to protect my people. I want to protect the future of my two beautiful daughters, who will one day grow to become strong, empowered citizens just like their Yohannesian mother and African Yohannesian father.”

“I know the Great Nifonese Shogun will agree with me. I want to do the same for the sons and daughters of the Yohannesian nation — so that this beautiful Realm can and will last for a thousand years. I want to protect our people. I know that the Great Nifonese Shogun Kojiro and His Excellency the Great Nifonese Prime Minister Murakami Akira want to do the same for Great Nifon. They want to protect their people too, in the exact same way we want to protect ours.”

There are rumours that some Ambassadors and foreign dignitaries would take this news badly — especially those who represent the many organisations of the World Assembly. The Nineteen Countries Union of International Students’ Association (NCUISA) has protested against this latest “nationalist move” by “civic nationalist” Marion Maréchal-Le Men. Ms Duan Zhihao, NCUISA President, told The Royal Alexandria Times this morning, “... that this is totally WA illegal. I mean, seriously, c’mon people? ‘Yohannesian government intervention in the currency market’? It should be ‘Yohannesian government will use its knowledge to manipulate the currency market’ instead. And they will do so to benefit Yohannesian exporters and their foreign friends… like the Nifonese, or other friendly nations.”

“This is a disgrace. I know that there’s no way Chancellor Annabelle Thorndon-Stevensonn is behind this whole thing — it must be Marion flexing her political muscles to pressure the Chancellor to go ahead with this totally so crazy move. I can’t wait for the 2018 Realm Parliamentary Election to be over, so we can finally see the end of the GOP’s far-right nuts and the Tea Party supporters running away crying from Yohannes First.”

Figure 1: Quertz russling real effective exchange rate. Above 100 indicates overvaluation, whilst below 100 indicates undervaluation vis-à-vis the NationStates Dollar or Universal Standard Dollar.^{[ source: 115th Realm Parliament ]}

The news has also been badly received by one of the nation’s most well-known advocates for internationalised and cross-border banking. Mr Badruddeen Al-Zakaria, Nusalia and Yohannes Islamic Banking Group Chief Credit Officer, has seen the effects of the announcement already. “Bearish outlook. Even as we speak, the Yohannesian Quertz russling has already weakened as investors start to move to profit from this latest, to be frank with you, really unexpected move by Marion Maréchal-Le Men — I mean, okay, it’s the Chancellor signing the letter, but there’s no way Thorndon-Stevensonn is behind this latest move. Hopefully after the Realm Parliamentary Election 2018, the GOP would lose their paper-thin majority in parliament. Because this is just insane.”

“What are they going to do next? Make the Realm of Yohannes apply to join SACTO? That would break the balance. This whole thing has been insane right from the start, when they table the ban religious ‘face covering’ Bill because apparently [niqāb] prevents the clear identification of a person, and is thus a security risk and social hindrance.”

The announcement, which proved that speculation about monetary stimulus by the Economic Palace was right all along, has also been accompanied by a sudden increase in the number of gold reserve transactions by various Yohannesian funds. “We know [the speculation] was right the moment Marion won the election to become the 18th Yohannesian Emperor”, Mr Al-Zakaria said.

“But I never thought she would go this far.”

With all the financial knowledge of the government being used to strengthen its latest move, the market has reacted — the Quertz russling has declined by NS0.03c so far since the announcement. And today’s level of NS0.89c may just be the beginning, as Economic Palace Chief Economist Dr Fat’hiyaa el-Rasheed has predicted that the lowest point of the Quertz is still yet to be determined. “The Quertz russling will depreciate against the NationStates Dollar (Universal Standard Dollar), Yohannesian exports will be more competitive overseas, and investment projects or the extent of investment found all around the continent will also increase. The end result will be higher inflation.”

The Economic Palace has pushed out its forecast for the Quertz to reach NS0.79c by 2020. “If central bankers of imperialist powers the International Incidents over turn more hawkish... then this will allow for the Quertz to gradually depreciate within our sustainability band.”

Meanwhile, despite the fears of bearish investors, financial pundits have predicted that the effect of intervention “could be” reduced slightly by rebound after the intervention. And with rumours that such powerful quasi-state actors as the Redshield foundation and Caracasus Board of Industry and Trade have started to exploit this latest International Incidents update by buying into the Quertz russling by the billions, it remains to be seen whether this latest daring move by the maverick GOP poster girl Marion Maréchal-Le Men will be strong enough to influence the long-term effects of the Quertz’s movements.

Today’s exchange rate: According to the International Securities and Exchange Commission, 1 NationStates Dollar or 1 Universal Standard Dollar (NSD/USD) (World Assembly and International Standard) is enough to buy 112.21 Quertz russling (Yohannesian); that is, a Yohannesian needs to spend at least §112.21 to be able to afford $1 NS.

Published by The Royal Alexandria Times

Claudia A is one of the underpaid interns at The Royal Alexandria Times. She is a Macroeconomics postgraduate student and professional procrastinator in between lectures by day. She has previously attempted green policy analysis and social justice reviews, but was suck at both. These days you can find her in her natural habitat — writing for the Parliamentary Analysis Archive and The Royal Alexandria Times in her leisure time. She can sometimes be found tweeting together with her friends Baxter W, Erica B, Yohannes D & co. at the Maxtopian social networking website NationStates.

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259 Comments

Marion is a communist and the GOP a pack of civic nationalists after all so no surprises they want to protect the economy and build infrastructure no matter what not even our international reputation they care about. It’s all part of her plan to turn us into a civic communist state.

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Yohannes First

GO back to the Land of the Free with its creaking infrastructure! Trump and the borderless oligarchs called — they want their supporter back!

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ShadesOfGreyDarker

@Yohannes First One could argue that Marion is no different than Trump and our GOP is no different than the American GOP — it’s just that we have social market economy instead of America’s shareholders first economy

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When GOP put the minimum wage up the price of groceries go up.......

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Fuel prices what a wee joke Economic Palace. Alexandria all around well over 175.21 Quertz a litre even in rural far north 161.34 Quertz some one needs to sort this hermione out

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