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AEC: The CNNP Reserve System; Central Bank of The CNNP
Topic Started: Feb 6 2006, 08:52 PM (98 Views)
The CNNP
Member Avatar
Enforcer
Reserve Board Chairman:
Márcio Leão Coelho

The economy has made great gains for the beginning of this fiscal quarter; the denar is ₡1.7296 to the NS$. The economy is up to $19,752,194,078,162.16--worth denars ₡11,483,833,833,766,373.35. Unemployment is 2.66%, down from 5.78% last fiscal quarter. Inflation is -876.98%, down from 4.02% in the previous fiscal quarter. Interest rates are 3.00%, but we are expecting an increase...to an undisclosed amount at this current time. The reserve ratio is 8.02%, down from 10.75% in the last quarter. GDP per capita is NS$34,531.81; equivalent to denars ₡19,965.20. Which is up from 28,894.56; denars ₡16,705.92.

The tax cut from 56% flat income tax to 40%, is expected to facilitate further economic growth. The passage of the Rebate and Subsidy Acts has had an extremely desireable effect on economic growth to our domestic corporations. Our current interest rates and currency strength and stability have encouraged foreign and domestic investments to increase substantially by 19.92% in this quarter alone; however, it is expected to taper off substantially.

The construction project, the Blue Nile Gorges Dam, projected at a current cost of ₡75 billion denars...NS$125.7 billion--is expected to provide a massive boost for the economy--projections run from at least NS$200-400 billion at least, in the form of new jobs and cheaper, more reliable energy costs.
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The CNNP
Member Avatar
Enforcer
Reserve Board Chairman:
Márcio Leão Coelho

Oil and energy exploration is proceeding according to plan, 12 new nuclear fusion power plants have been brought online and the oil question is looking very promising. The massive oil fields of Tonguska (Sudan) are showing great promise to our own plans for oil production and the fields in the Ogaden are going ahead as planned. We are expecting oil production to top off at 30,000 barrels in the Ogaden. Further oil exploration in the Red Sea is also expected to yield great results.

We are also experimenting with gasohol, a corn-wheat alcohol mixture with gasoline in an attempt to lessen the burden at the pump and promote environmentally friendly fuels.

We are also researching the possibilities of making the entire Nile River suitable for ocean-going commerce. The Blue Nile Gorges Dam will permit ocean-going commerce to Lake Tana from the dam site. Further investments in the former Tonguska area along the Nile are making potential investors very excited over the possibility of making the Nile River into a massive ocean-going canal for commerce purposes as well as farming activities.
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The CNNP
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Enforcer
Reserve Board Chairman:
Márcio Leão Coelho

"The National Assembly has approved the new denarius currency for The People's Republic of The CNNP. It will integrate the latest anti-counterfiting technology the world has to offer."

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