The Sinai Peninsula
10-08-2006, 00:57
DEBT FINANCING:
The 2006 budget approved by the Parliament of the Sinai Peninsula currently runs a $50 billion (USD) deficit. Therefore, the Treasury Ministry of the Constitutional Monarchy of the Sinai Peninsula is mandated to issue bonds to cover the difference. The bonds issued will be $1 billion each and will be paid back by the government of the Sinai Peninsula over a 5-year period with 5% interest (if your nation ships any significant amound of cargo through the Suez Canal, please inquire about our Strategic Partner Policy Act as that your nation may be eligible for more favorable interest rates.) Requests for purchase of the bonds should be posted in the following manner (only 50 will be issued this fiscal year):
name: (official full name of country)
bonds: (# of bonds purchased)
note: no single nation will be permitted to finance over half of the national debt
NATIONAL BANK (DEPOSITS)
The newly formed National Bank of the Sinai Peninsula will accept deposits from foreign governments and/or private corporations. Currently a flat rate of 1% will be paid on each deposit yearly. The National Bank of the Sinai Peninsula (NBSP) is required to invest no more than 90% of its deposits at any given time. All deposits are insured by the Sinai Peninsula Deposit Insurance Agency. Requests for deposits should be posted in the following manner:
name: (official name of country)
deposit: (amount deposited with bank)
The 2006 budget approved by the Parliament of the Sinai Peninsula currently runs a $50 billion (USD) deficit. Therefore, the Treasury Ministry of the Constitutional Monarchy of the Sinai Peninsula is mandated to issue bonds to cover the difference. The bonds issued will be $1 billion each and will be paid back by the government of the Sinai Peninsula over a 5-year period with 5% interest (if your nation ships any significant amound of cargo through the Suez Canal, please inquire about our Strategic Partner Policy Act as that your nation may be eligible for more favorable interest rates.) Requests for purchase of the bonds should be posted in the following manner (only 50 will be issued this fiscal year):
name: (official full name of country)
bonds: (# of bonds purchased)
note: no single nation will be permitted to finance over half of the national debt
NATIONAL BANK (DEPOSITS)
The newly formed National Bank of the Sinai Peninsula will accept deposits from foreign governments and/or private corporations. Currently a flat rate of 1% will be paid on each deposit yearly. The National Bank of the Sinai Peninsula (NBSP) is required to invest no more than 90% of its deposits at any given time. All deposits are insured by the Sinai Peninsula Deposit Insurance Agency. Requests for deposits should be posted in the following manner:
name: (official name of country)
deposit: (amount deposited with bank)