From the Ministry of the Economy
On the Adoption of the Ketsel as the Nation's Currency and the Imposition of Austerity
The Chamber of the Economy has long stated that the economic status of the Union is unsustainable and is at its core reliant on debt as a result of its attempt to maintain an entirely moneyless economy domestically while being entirely reliant on exports.
Having refused to heed this advice, we now find ourselves in a near crisis. We have borrowed far too much; now, our economy is threatening to collapse outside of Kiel as a result of an inability to repay bonds issued.
In order to rectify this issue, it is imperative that a currency be launched. The Ministry, in coordination with the remainder of the Government, is attempting to distribute ketsel notes, which have been declared legal tender, through the System of Public Distribution, which is currently replacing the previous method of distributing goods.
We assure all working citizens that at this time, all essential goods will remain without cost; however, as a result of the potential crisis, rations will be reduced the and high taxes, currently being negotiated, imposed, as according to the prescribed policy of austerity.
The current level of taxation is being disseminated to all individuals at this time.
Tsein Lunavin
Minister of the Economy
Kalju Lepik
State Elder of the Union of Syndicates
Andries van Beek
First Minister of the Council of Ministers
Meszich Letik
First Elder of the Council of Progress
Vestisz Nevist
First Elder of the Council of Reason
Nelisij Kalszen
First Elder of the Council of the Immortal Republic