[X] Plan Dryer Then Molten Skies
-[X] The Easy Stuff
--[X] Terminate your account with the Bank of Lys, taking the 50,000 IM from that account back into the treasury. // This account is pointless and can be terminated.
--[X] Mint 8 million Imperial Marks, turning that amount of Book Money into Coinage. // Leaving some money as Book Money instead of coins. Why will become clear in a bit.
--[X] Exchange your current treasury for Imperial Marks, taking 2 million in Book Money and the remainder (2,754,627.13 IM) in coinage, thus raising the Gold Reserve by 4,754,627.13 IM. // Now we can run part of our budget without physically transferring coins for everything. Also cleans up the treasury.
--[X] Since Imperial Marks are already in limited circulation, lower the coinage and raise gold reserves by the amount DP decrees. // Should be somewhere between 100,000 and 1 million.
--[X] Until the Iron Bank has a their own offices in Amun Kelisk and the Opaline Vault, let them operate from the ACSEC premises at no charge. // Was always implied, but let's spell it out.
-[X] The Average Stuff
--[X] Deposit 2 million Imperial Marks in coinage and another 2 million Imperial Marks in book money with the Iron Bank. // This is the seed for them to exchange money and give out loans in Imperial Marks. The seed should stay the same and if they need more coinage or book money, they have to transfer us the appropriate amount of gold in return.
--[X] As a general policy, you will keep a limited amount of gold reserves for now to stay liquid in Planetosi currency, but due to the influx of wealth from the planes, gold will loose value over the coming months, thus regularly devaluing your gold reserves. // Spelling it out here, but ultimately something that we need to keep in mind for further transactions ourselves.
--[X] Decree that taxes can be paid in gold or Imperial Marks at the exchange rate. This means that people can bypass the exchange fee set by the Iron Bank when paying the Imperium, thus encouraging them to give you their gold. This somewhat decreases the market for money exchanges within the Imperium for the Iron Bank, but they will still greatly profit from exchanging for foreigners, on the planes and for other governments who will soon try to insulate their treasuries from the dropping gold price. // This means that we have a steady stream of gold coming in while Imperial Marks leave our possession. For the ease of handling, I would just flat out set our total tax income as the monthly dissemination of Imperial Marks, baring what the Iron Bank is doing in regards to loans and foreign exchanges.
-[X] The Hard Stuff
--[X] Commit to travel to Amun Kelisk first thing next month to negotiate two deals. The first is acquiring and island tethered to Amun Kelisk on which you can build the third Terminus, the other being to sell off your gold reserves at a profit. To achieve this, you will re-introduce part of the gold into the Planetosi economy by buying trade goods that the Djinn state or large trading companies are interested in. // This opens up a steady gold drain from Planetos to the Plane of Air, which will greatly slow down the devaluing of gold in Planetos, preventing economic troubles. At the same time: profit. Lots of it.
--[X] You will exchange half the Silk Notes generated by such a deal into Glass Scepters and then deposit the whole sum as foreign currency reserve. That allows you to issue more Imperial Marks, which you will promptly do. // This is how we expand our currency reserves and issue more Imperial Marks. Keep in mind here that this is mostly a shell game at this point. We are not actually creating any money at all, as we issue 1:1. The actual printing will be done in a few months when we can convince the new currency council to lower the minimum deposit we need for issuing.
Vote not yet done, but dumping what I got so far so that people can start commenting on it.
