Yingdala

[jrandle8]

August 4878
Foreign Affairs Minister Responds to Liore
Liore Foreign Minister, Jail Obama, released his government’s official comment on Yingdala’s recent developments in Utembo.

Tian’an, Han — Minister of Foreign Affairs, Ah Hui Tu, commented on the recent government statement from Liore. Liore has let known it’s true feelings about Yingdala as they continue to pursue a United Dovani without Yingdala. Yingdala had recently signed a strategic military agreement with Utembo that stationed troops in the country for social and economic development purposes, however, Liore fears the motives of Prime Minister Fu is none but ill. Here’s the official government response made by Foreign Minister Ah:

We live in a country that has been blessed for thousands of years. Our culture and education is yearned for and nations all across terra compete in our market, the biggest in the world. We are fortunate to be the second largest economy in Terra and have one of the biggest and most advance militaries ever created.

At the beginning of Prime Minister Fu’s turn, he have spoken about moving Dovani ahead to the future; free of international control which includes Yingdala. The world has no space for imperialism or neocolonialism; and, we strongly condemn imperialism and neocolonialism to the highest degree. We don’t wish to tie down, rather, build up. We don’t wish to hinder growth, rather spur it. We don’t wish to limit opportunity, rather, create it equally for everyone.

With our well-developed economy, we wish to share our wealth with those who are not as fortunate as we are. That is why our country founded the EDO many years ago and revived it more than 20 years ago. Within the EDO, Yingdala invested ¥381 billion INS to develop eastern countries and we are doing that. Right now, our military is in Utembo, not to fight or control, but for social and economic development purposes. We are recruiting and training men in Utembo in order to develop their military and ensure that they can adequately provide security for their country.

We are investing billions of shapir into Utembo’s infrastructure and are considering expanding that investment into their industries, agriculture, and others, especially their water as they are having a water crisis. We do not appreciate, however, Liore or other countries taking our investment as a means of control. It’s simply not that. We aren’t asking Utembo for anything in return, and, I can guarantee that if we did, it would be denied quickly and I would be out of a job.

So, our recent involvement in Dovani is nothing more than a way to give back to the world who has given so much to us. I want every country in Dovani to know that we are here to help and glad to do so.

[jamescfm]

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[jamescfm]

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[jrandle8]

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Finance Ministry and Central Bank to Decrease Money Supply
15 November 4879
The Ministry of Finance and the Central Bank met for their annual meeting to discuss monetary and fiscal policies to keep the economy on track.


Members of the Ministry of Finance and the Central Bank gather at the Bank of Yingdala for their annual economic meeting.

TIAN'AN, Han: The annual meeting of the Joint Economic Council, composed of top officials from the Ministry of Finance and the Central Bank including the Finance Minister and the Central Bank Chairman, was held at the Bank of Yingdala as economic reports are released showing Yingdala as the world's largest economy, however, with an inflation problem. Over 20 years, Yingdala's inflation wavered around 6% as the Finance Ministry and the Central Bank increased interest rates, making it more expensive to borrow money. People all across Yingdala are now feeling the effects of the high inflation as buying products like homes, vehicles and loans became more expensive.

Before the meeting, Finance Minister Jia Chun Tai told reporters about our current economic standing. "Because of the Prime Minister's swift action to increasing economic activity," Minister Jia began, "Yingdala has now become the world's largest economy; however, we have a looming inflation issue on our hands that we need to solve before it becomes a problem. I expect that these solutions should come from this meeting."

Echoing the Finance Minister, Central Bank Chair Zhu Yanlin Li spoke to reporters on the accomplishments of the Prime Minister and the Finance Minister, but also took his time to educate the voters on what inflation is. "Many of our citizens don't understand what inflation is and why it can be good and bad," Chairman Lee began. " Inflation is a sustained increase in the general price level in an economy, meaning an increased cost of living as the price of goods and services rise. We will do everything we can to control it for the benefit of the people."

The Joint Economic Council, at the conclusion of their meeting, released their plan to combat the high inflation to bring it back to normal standards, wavering around 2%. The plan will remove trillions of shapir from circulation to begin decreasing the inflation rate, however, growth will slightly decrease as long as these policies remain. The Council utilized all monetary policy tools at their disposal such as the reserve requirement ratio and the interest rate policy and open markets policy.

The plan, known as the YJEC Monetary and Fiscal Plan for 4880-4883. Over the course of three years, these economic solutions will slowly be implemented, making the impact on the market less severe and making preparation and adjustment much easier and faster. The YJEC will seek to gradually increase the reserve requirement to 25% over the next three years, increase the interest rate from 2% to 12% over the next three years, and sell over ¥2.5 trillion INS bonds and securities to banks.

Industry leaders commented on the plan stating that it will hinder wealth creation and limit entrepreneurial creativity. Others say that the benefits will be seen over the long-term as soon as inflation begins to decrease. Dr. Sun Su Mi, an economics professor at the Tian'an National University told reporters that the government's implementation is too slow, while other economists say the government's implementation speed is just right and normal and would not cause drastic and unpredictable changes to the markets.

Over the next three years, we can see a dip in exports and a rise in imports as foreigners begin to see an opening in the shapir, making it more attractive for foreign investors. This happens when countries enact policies such as this plan does, making the currency attractive and increasing the competitiveness thereof. With the increased foreign investment, as well as domestic, the GDP will not be negatively affected, but the opposite will occur.

While foreign investment may flourish, loans to average Yingdalans for homes, vehicles, and credit use will be decreased over the next three years, making it more expensive to get a loan and making loan requirements much more stricter. Average Yingdalans will fill the impact of this policy, however, as the inflation rate decreases, so will prices for everyday household products and other products and services.

The looming inflation issue could be a problem if the government fails to enact these policies. The Minister of Finance is set to persuade the National Congress in December to vote for the plan for economic stability.

[thefalloutfan101]

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[jamescfm]

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[jrandle8]

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Monetary and Fiscal 3-Year Plan Takes Affect; Markets Begin to Slow
12 July 4880
The Joint Economic Council recenty proposed a plan to combat the inflation rate that is increasing the cost of living, making it more expensive to live in the country. Banks and companies have begun to adjust to the changing of the Central Bank's policies.


Homeless man in a subway station watches the market indexes as they begin to decline

The Joint Economic Council met last year in November at their annual meeting. The basic formality style meeting had a twist as top economists pointed out a looming inflation problem. For over two decades, the inflation rate hovered around 6% as the effects thereof slowly crept into society. It started when retail prices began to rise along with real estate, auto products, and other everyday products and services. The government has let this issue fester until just recently.

The Yingdalan Joint Economic Council, composed of top officials in the Ministry of Finance and the Central Bank, introduced a plan to the National Congress to combat this issue. Finance Minister, Jia Chun Tai, and the Central Bank Chairman, Zhu Yanlin Li, both testified in front of the Financial Oversight Committee in December and January as members asked about the proposed solutions and their effects on Yingdalan society. Focusing mainly on repairing damage before hyperinflation kicks in, the Finance Minister and CB Chairman both echoed that this plan is "needed now" for the country to get back on the right track.

Banks have already begun to tighten requirements on lending policies. Already, millions of Yingdalans have been denied a loan due to bad credit, owed debt, inability to repay, and other reasons. However, average citizens aren't the only ones affected by the new lending policies. Small businesses will begin to see such effects as they apply for loans. Entrepreneurs looking for a new business venture have also found it difficult to borrow money. While this will last about three years, it will slowly mix into society, slowly decreasing economic growth and slowing down the economy.

"The first year," Minister Jia began to state during the hearing, "will be the hardest for every Yingdalan who is relying on bank loans, however, once we get passed this curve, it will have all been worth it." Minister Jia was referring to the future decrease of the cost of living. Many politicians and industry leaders will be sitting on the edge of their seats until the first wave blows over.

While Yingdalans will feel the pain, many foreign investors are beginning to flock to Yingdala as the Indralan shapir is becoming more attractive, or as Prime Ministere Fu said it, "sexier." This was expected as policies proposed in the MFP 4880-4883 are the cause of such foreign attractiveness. Imports have also increased while exports have decreased, putting Yingdala in a trade deficit for the first time in history.

While this is only temporary, citizens have taken to social media to declare the government speed up these policies so that the inflation rate may decrease faster. The Prime Minister is still silent and waiting.

[jrandle8]

25 February 4881


Tian'an, Han: Late last night while sleeping, Prime Minister Fu Yu Jun passed away," the Chief Secretary told reporters early this morning. He was 58.

The late-Prime Minister Fu Yu Jun has suffered for many years from cardiovascular cancer, which was never disclosed to the public nor members of the National Congress. First Lady Fu Min Su told reporters that the Prime Minister's condition before taking office in 4873 was mild, however, began to turn for the worse late last year.

The Prime Ministerial doctor at the Imperial Hospital echoed the First Lady telling reporters that his organs began to fail due to less access to blood because of a weak heart. There was nothing more doctors could do since the damage caused by cancer has grown and increased in power, cutting off blood flow from and to the heart.

Citizens all around Yingdala have begun to morn the late-Prime Minister Fu as thousands passed by the residence and laid flowers and other memorial objects at the gate.

Many Yingdalans admired the Prime Minister for his accomplishments and for never giving up on the country. Now, they must turn to a new leader who will be elected in the coming months.


Prime Minister Fu Yu Jun during his winter photoshoot in 4855

The memorial service for the Prime Minister will take place in a week in Tian'an, Han where the Acting Prime Minister, Minister of Finance Li Heng Chin, will give the eulogy. Foreign leaders expected to be at the memorial service include Prime Minister Jaanus Kapp of Dolgava, President Shahram Jafarnejad of Aldegar, and Foreign Affairs Minister Clarissa Simmonds of Hutori.

The National Liberty Party Chairwoman, Hai Hui Yaling, announced that after the memorial service, filing for the leader of the party will begin. The election will be held in June of this year and the winner will assume office in July for the remainder of the unexpired term.

Prime Minister Fu Yu Jun served his country in the National Congress and as Prime Minister since 4848 at the age of 30 years. He has led our country with utmost respect and dignity. His policies have opened up Yingdala once again to foreign investment and global respect.

Before passing, the Prime Minister wrote a letter to be read at his funeral next week by the First Lady of Yingdala. These will be his last words for all Yingdalans at home and abroad.

May he rest in peace.

[jrandle8]

June 4881
A Lack of Motivation to Lead the NLP, Fu Young Su Elected by Acclamation
Following the death of Prime Minister Fu Yu Jun, the National Liberty Party has failed to garner motivation among party members to lead the party in the National Congress as Prime Minister of Yingdala.


Prime Minister-elect Fu Young Su during his winter photoshoot

The National Liberty Party has lost its swag as National Congress members have refused to run for party leader and finish the unexpired term of the late-Prime Minister Fu Yu Jun. Many members felt as if this seat should be filled by his son, Fu Young Su, who is a member of the National Congress. While Deputy Fu has told us he never seeks the role of Prime Minister, if no other person files, he would file to complete the unexpired term of his late father.

While some see this move as sympathy, many supporters of the NLP believe that there's no motivation for anyone to lead the party in the chamber. "These highly paid elected officials have planned in sympathy, but sympathy is the last thing we need; we need a leader now," one supporter told reporters as they were walking to the Imperial Hall of the People to protest.

After weeks of no one filing, Deputy Fu Young Su filed to run for party leader. Being the only person to file, the party declared him the leader by acclamation. Now the National Congress must vote to confirm his appointment to Prime Minister.

On his way to the Imperial Hall of the People, Prime Minister-elect Fu Young Su was asked whether or not he will seek election in 4883. "My father was a great man," Prime Minister-elect Fu began, "and it's already hard enough to fill his shoes. I will be seeking re-election to the National Congress, however, I will not seek re-election for Prime Minister of Yindala Da Tong. While I am honored to finish my father's term, I cannot in good faith fill his shoes."

The nation is wondering whether or not the NLP will garner any motivation, however, some members have began to build a base to run for Prime Minister. This comes in light of the return of the Social Democrats to Yingdala. Election year 4883 could bring surpries to the NLP and to Yingdala.