TheoTown

Attobaxia is printing more banknotes to lower the value of the currency (and also raised national salary). The prime minister said that 2$ is a bit high. ABX has dropped to 49TBH

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In other news, Attobaxia will be putting a new plan to combat automation and robots, that's right, it's the Universal Basic Income!! This will be active next year and all Attobaxian over 18 will receive 8,000USD8,000USD for IRL reference monthly(+optional working salary [ABX/hr.])!!
Nothing to do with currency exchange directly but just leaving this out there that we have UBI...

Clux fell for about 18%

During the sinking of Mexico City The government carried out the evacuation of all the capital's businesses so the economy has not been damaged.
The Mexican peso has increased its value by 50%.

This Week Currency: TTCVCE:

Welp i m not big exporter

*Bitcoin Intensifies

Brody Craft wrote: ↑

13 Dec 2017, 11:05

*Bitcoin Intensifies

Yup,Bitcoin are growing too fast!!!!

"Freetradezonia, get your stuff together!! Do you REALLY need that many cryptocurrency????"

Freetradezonia only Focuses On Internet, i Mean LITTERALLY.

The Tottoroan Mei has the second lowest value of TT
It should help us with trading... Theo Town, be prepared for the tottoroan products invasion !

Not Really.

Just dreaming about something that will probably never happen Dreams are good for health, don't you know it ?

Kylie Schreave wrote: ↑

13 Dec 2017, 14:12

The Tottoroan Mei has the second lowest value of TT
It should help us with trading... Theo Town, be prepared for the tottoroan products invasion !

Sorry, we are currently allover the market. You have to surpass us first!
/Woke up from sleep// //Yawn//
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.
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Oh, my apologies. I was plotting something to loud, hope you don't mind...

Brody Craft wrote: ↑

13 Dec 2017, 14:09

Freetradezonia only Focuses On Internet, i Mean LITTERALLY.

Actually,I am focusing on Internet and Finance Industry Only.

-LeoLeo- wrote: ↑

13 Dec 2017, 14:29

Kylie Schreave wrote: ↑

13 Dec 2017, 14:12

The Tottoroan Mei has the second lowest value of TT
It should help us with trading... Theo Town, be prepared for the tottoroan products invasion !

Sorry, we are currently allover the market. You have to surpass us first!
/Woke up from sleep// //Yawn//
.
.
.
Oh, my apologies. I was plotting something to loud, hope you don't mind...

In real economy, a country that have a money with a lower value can trade with others more easily as its products are cheaper than those that have highest money value, so I'm not totally wrong...

Why Chinese products are almost everywhere ? Because importing chinese products cost less money. Why Japan want to make the Yen have a lowest value ? To sell its products faster and to have more clients, which will buy japanese instead of american because japanese is cheaper than american

I tried to lower my currency value before, didn't work. Do you have any good suggestion? @Henderion The Mayor

-LeoLeo- wrote: ↑

13 Dec 2017, 15:01

I tried to lower my currency value before, didn't work. Do you have any good suggestion? @Henderion The Mayor

Dear:@-LeoLeo-
For your Question,I having some suggestion for you,

• Raise the Inflation(or literally Money Supply)

This is an option,you can use which is raise the inflation rate by using the method which can bring some pro and cons.
On the Pro side, which is can let Attobax depreciate and also reduce the demanded money on the market and meanwhile in con side which is can let your unemployment rate rising and product price levels(which price of goods) are increasing to fast and if you uncontrol of it,you will suffer the hyperinflation which is consider the inflation which more than 50% in a period(Maybe a year),and what is happen as on Zimbabwe which is using the 100 trillions dollars-:Here is the picture of it. and for more info about this:- You can click to link on here:-https://en.wikipedia.org/wiki/Hyperinfl ... n_Zimbabwe

• Reducing the interest on loan

This is another option which is bit similar on first one which I mention, which you can use this to control the money market,mostly money demand, on this method, which is called in economic terms is "monetary policy" which is control by central bank and another small question for asking you what is central bank(mostly national bank)of Attobaxia?
And on now i will tell you how this works, Simply to say, which is when Thai National Bank are increase the money supply about for a number which is 5 Billion Baht and reserve ratio is 5%, therefore when the first bank are loan to Thai National Bank is same amount what I mentioned on here is 5 billion baht and the first bank will keep 5% of 5 billion,which is exactly 250 million baht and rest are loan to second bank and it repeats until Zero on the market and mostly this bring money supply increase and bring currency down.
Answered by: @Henderion The Mayor

For terms are hardly to understand,you can refer to website on here
Hyperinflation -https://en.wikipedia.org/wiki/Hyperinflation
Inflation-https://en.wikipedia.org/wiki/Inflation
Money Market-https://en.wikipedia.org/wiki/Money_market
Money Supply-https://en.wikipedia.org/wiki/Money_supply
Money Demand-https://en.wikipedia.org/wiki/Money_demand
Monetary Policy-https://en.wikipedia.org/wiki/Monetary_policy
Reserve Ratio-https://en.wikipedia.org/wiki/Reserve_requirement
Central Bank-https://en.wikipedia.org/wiki/Central_bank

KoalaGuy wrote: ↑

13 Dec 2017, 16:14

Trying to look professional, huh?

No,but this is a fact on learning to economics and it is will be a long paragraph if you not summarize them into a short paragraph. This is almost 60% been summarized.

Now that's what I call "Bullsheet"


Aye former member, want the old currency system back?

Ahmad Nur Aizat wrote: ↑

13 Dec 2017, 16:52

Now that's what I call "Bullsheet"


Aye former member, want the old currency system back?

Ban and using old system back? Perhaps No but you can mention it but this is not fully good compared to this!