Ministry of Finance, International Trade and Industry

[Primo de Aguilar]

Free and Associative Kingdom of Constancia
Ministry of Finance, International Trade and Industry
Vey, Constancia

[Yulodion E'nothwocep]

The Office of Trade and Finance, Vosenuvitia District

Sire,

Would it be possible for Vosenuvitia to open a trade channel with Constanacia via the Ministry of Finance, International Trade and Industry that would enable its goods to be shipped across the vast network of Constancian ports? We would expect no major favors, we are prepared to work to pay the price you require; merely, we would like to confirm this access so that we can inform our suppliers (divisions of a Workers' Cooperative owned and managed by the Vosenuvitians) that their mineral and light manufacturing products, which Vosenuvitia is especially known for, will have markets in which to be sold and be profitable.

Sincerely,

Jacob Smith
State Workers' Cooperative Liaison

[Primo de Aguilar]

Free and Associative Kingdom of Constancia
Ministry of Finance, International Trade and Industry
Vey, Constancia

Memorandum for the Basileus' Councillors EYES ONLY

Executive Summary


After an exhaustive review of economic data, the Ministry is pleased to report the following indicators, with respect to the Free and Associative Kingdom of Constancia. Please note that these indicators do not include land, which under our laws is currently vested in the Basileus, who receives payments for lease.

Please note that these indicators do not include the Prosgeiosi Basileus, or the personal holdings of the Basileus and the Royal Family. These are solely the accounts of the Constancian State.

Please also note that these indicators do not include state-owned corporations, such as Urmin Ltd and RubyGem Ltd.., as is the Basileusan Bank.

All currency statistics are reported in Natopian Natopos. In accordance with Circular No 1 of the Basileusan Bank, dated Dioscouros (Geburtsber) 4, 1653 (6659 ASC),

3 Constancian Staters = 1 Imperial Erb of Shireroth
1 Constancian Stater = 0.33 Imperial Erb of Shireroth:

4 Constancian Stater = 1 Natopian Natopo
1 Constancian Stater = 0.25 Natopian Natopo

*****
GOVERNMENT OF CONSTANCIA
End of Calendar year 1655

ASSETS

Fixed assets ₦ 116,622,000
Reserve commodities ₦ 8,018,000
Investment Funds in Basileusan Bank ₦ 157,197,000
Cash in hand and in the Basileusan Bank ₦ 13,454,000
Receivables ₦ 25,598,000

LIABILITIES

Armed Forces Salaries Payable (Active Service) ₦ 150,909,000
Armed Forces Salaries Payable (Home Guard) ₦ 445,699,000

*Please note that Government investments in the Empire of the Alexandrians have been removed from this Balance Sheet

*Please also note that Armed Forces Salaries Payable to the Home Guard are accrued from the beginning of the Euran conflict

*Please note that no foreign lines of credit are currently available. Utilization of the domestic market is possible, but will significantly impact private sector productivity, reconstruction and rebuilding efforts, as well as domestic business outlook.

Gross Domestic Product for 1655 is estimated at ₦228.5 million.

Further documents may be provided upon request.


M. Souvlakis, Ph.D.
Chief Assessor
Ministry of Finance, International Trade and Industry

[Primo de Aguilar]

Please find attached a summary of further estimates for the Constancian economy, as of the conclusion of 1655.





M. Souvlakis, Ph.D.
Chief Assessor
Ministry of Finance, International Trade and Industry

[Primo de Aguilar]

The Ministry confirms an increase in the country's gross international reserves by ₺1,287,663,645.78 in gold.

[Continuator]

Imperial State of Constancia
Ministry of Finance, International Trade and Industry
Astérapolis, Constancia

Circular to Registered Financial Institutions - In Strictest Confidence

Advisory Notice

With effect from midnight 24.VII.1670 the exchange rate for the Imperial Stater (C$) shall be as follows:

• 1 Imperial Stater = 0.0016 Shirerithian Erb
  1 Shirerithian Erb = 642.56 Imperial Stater

• 1 Imperial Stater = 0.00020 Natopian Natopo
  1 Natopian Natopo = 4,911.04 Imperial Stater

• 1 Imperial Stater = 0.000018 Craitish Cräite
  1 Craitish Cräite = 55,687.65 Imperial Stater

• 1 Imperial Stater = 0.000064 Liberadosan Cruz
  1 Liberadosan Cruz = 15,578.58 Imperial Stater

Capital export restrictions by Special Measure of the Permanent Standing Committee are in effect from the date of the promulgation of this advisory notice.

Details of these arrangements shall be made available to valued corporate partners in due course. Safeguards to protect the value of capital holdings of valued corporate partners of the Imperial State will be implemented immediately. The Special Rate Stater, linked to the Natopian Natopo at the 4 = 1 ratio, shall be used for valuing the assets of the Imperial State as well as select favoured corporate partners of the Imperial State.

Standing debt obligations of the Imperial State shall be reckoned in Imperial Staters.

The Imperial State remains committed to its fiscal obligations. This revaluation is not to be construed as a default on existing commitments.



With the utmost regards,




M. Souvlakis, Ph.D.
Chief Assessor
Ministry of Finance, International Trade and Industry