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New member of the Free Trade Organization
The Federal Republic of Piedmont free state has officially joined the Free Trade Organization. The procedure of accession of the Nation into the Organization is expected to be completed as soon as Piedmont free state will accept libero as its national currency.

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Proposal of assumptions for monetary policy of the FTO's Regional Central Bank
Today, on May 8th, Member States of the Free Trade Organization will get a proposal of the basic assumptions of Organization's Regional Central Bank for further debate:
1. The RCB will:
- set the interest rates for loans to commercial banks in the libero area countries and thus influence the money supply and inflation;
- manage the libero area foreign reserves and the sale or purchase of currencies to keep the exchange rates balanced;
- assist national authorities in exercising adequate supervision of financial markets and institutions and in ensuring the smooth functioning of payment systems;
- ensure the safety and health of the FTO banking system;
- allow libero area countries to issue libero coins and banknotes;
- monitor price trends and assess the associated risks to price stability.
2. The RCB will be independent from the national governments and central banks of the FTO Member States, but will be a subject to the control of international audit bodies and will be obliged to obey the Constitution of the Liberal Democratic Union and other normative acts of the LDU.
3. The RCB will implement monetary policy through economic and monetary analysis, traditional instruments such as open market operations and reserve requirement maintenance, as well as through non-standard crisis response measures.

The proposal will be discussed among the FTO Member States. Countries that are not members of the FTO, but unilaterally adopted the libero as their currency are encouraged to meet the entry criteria and apply for accession to the Organization, as only in this way can they influence the monetary policy of the Free Trade Organization.

Erimea wrote:

Epilepsia
I recommend you make use of this calculator sent by Potenzia: http://www.broomdces.com/nseconomy/, you can search for data from all nations and see the currency exchange rate.

That's cool although it has one disadvantage - the calculator doesn't know, that the libero in different countries is the same currency, therefore it gives it different exchange rates depending on the country ;)

One question (I don't know much about economics): How do I get the exchange rate between my currency and the Libero?

Sjevre wrote:

First exchange it with the dollar and then with the Libero

Using the value of Libero in Epilepsia are the following data:
1 Tron (my currency) = 1.24 dollars (1 dollar = 0.81 Tron)
1 Libero = 1.31 dollars (1 dollar = 0.76 libero)

Erimea wrote:

What do I do now?

Divide 0.81 by 0.76. I think.

Sulasburg wrote:

Divide 0.81 by 0.76. I think.

I already did, if I remember correctly my currency is equal to 1.06 I libero

Erimea wrote:

I already did, if I remember correctly my currency is equal to 1.06 I libero

Okay.

Epilepsia wrote:

So, 1,31/1,24 - 1 tron = 1,06 libero
or 0,76/0,81 - 1 libero = 0,94 tron

That was precisely the result.

New publication of the official newspaper of the Government of Erimea.
https://telegra.ph/Erimea-Central-News-Network-05-08

Epilepsia wrote:

Roleplay

Secret intelligence prisons?
As reported by the New Lublin Herald Tribune, there are suspicions that there may have been secret Chitral prisons in Epilepsia where, without trial, fundamentalists suspected of terrorism were held. In today's edition, investigative journalists of the largest capital's daily newspaper describe the backstage of a secret facility near a former military airport in the east of Epilepsia, where Chitral intelligence was said to lead the prison at a time when it headed the Liberal Democratic Union and was at war with Erimea. The facility was operated without the signing of any intergovernmental agreement between Chitral and Epilepsia, which had no jurisdiction over what happened at the former military airfield. Journalists managed to reach one of Erimean citizen, who allegedly was held in the secret prison. He describes the numerous tortures used by Chitral intelligence officers, such as waterboarding. According to the alleged prisoner, the facility was intended as a stopover for many prisoners on their way to the prison for those accused of terrorism off the coast of Chitral. Moreover, journalists say they have evidence that a similar facility was supposed to exist in Ainland as well. Former Chancellor Radosław Martinus, during whose term of office the prison was said to exist, was elusive for the media today. The interior ministry denied the journalists' reports. Human rights organizations are calling for an investigation into the matter.

Government Spokesperson, John Aliyán.

Given the reports of a group of journalists about illegal prisons in which acts of violation of human rights were practiced, the Erimea government demands an immediate investigation and if it is proven, they will begin to issue measures directly against those responsible.
Erimea is a country that has been guaranteeing as many human rights as possible, both recognized in the Constitution and in practice, and these acts are a shame for the entire region.

The detention of citizens of our country under unspecified situations and recurrent acts of violation of human rights demand an immediate response and we demand that various nations initiate an investigation into these events.

In the meantime we will stay informed through the media.

Epilepsia wrote:

That's cool although it has one disadvantage - the calculator doesn't know, that the libero in different countries is the same currency, therefore it gives it different exchange rates depending on the country ;)

I suggest that the libero value of Epilepsia, ł1=$.76 (1 libero is .76 dollars) because Epilepsia is the head of the FTO