Luthori

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The International Inquirer

Bank of Luthori Reaffirms Pound's Supremacy in Luthorian Commerce; FWSE Negatively Reacts to Vascanian Piracy.

15th, February 5571

Fort William - Today, the Bank of Luthori’s Governor announced the continuation of the Luthorian policy in terms of the usage of foreign currencies. Ever since the rise of the Lourennais (later considered to be the Canrillaise) Franc (soon-to-be renamed to “Fleur”) rose as the world’s currency, thanks to its usage within the Yeudi Neset, Luthori’s policy towards the usage of that currency in its commercial deals have been fluctuant towards the years, which the “non-usage” answer being the most common among all the successive Cabinets. While many hoped that the recent “heating” in relations between Luthori and Lourenne may have pushed Luthori towards a more conciliatory approach towards the LFR and its usage, their hopes were dashed by the Governor of the Bank of Luthori, Jonathan Wachford, who today appeared in a press conference detailing the Luthori’s policy towards usage of the LFR and other foreign currencies when dealing with other states in commercial partnerships. While this announcement was expected by many financial analysts, it sure was underwhelming, as Mr. Wachford announced that the Luthorian Government, upon which he was acting on their behalf, had confirmed the continuation of the “Pound First” policy. This monetary policy was established during the Ministry of Lord Derby, who established that policy in the aftermath of the Lost Souls War and the economic fallout that ensued, in order to protect Luthorian businesses from foreign competitions coming from Luthori’s already developed network of trade. This monetary policy was continued by successive Governments in the aftermath of the economic crisis and the downfall of relations with the Canrillaise Empire, even to this day, Luthori is still using that policy that was first meant to be “temporary” as stated by the Derby Ministry.

Fort William confirmed that the Currency Policy in place would remain intact, and that the Government would continue to enforce its “Pound First” policy in trade relations, although, if needed, it would use other currencies to facilitate the trade between nations, namely the LFR. Although, it has been confirmed that Luthori would push for the usage of the Pound for exchange between Luthori and another nation in priority, just as the Luthorians have done for a century now.

In other financial news, the recent information about the pirate attack on a tanker on the southwestern Vascanian region has come to exercise a ripple effect on the Fort William Stock Exchange, who has reacted negatively to the news, with some companies losing a lot of value overall in the stock market. This comes at a time when the Government was considering pursuing the privatization of both Imperial Gas Company and the Imperial Oil Company, also known as Luthori Petroleum. The Chancellor of the Exchequer stated that these goals were still “very much on the table”, when asked about the possibility of a government back-down in face of opposition coming from Labour’s left. The Tories, under Jesse Lawrence’s leadership, seem inclined to refuse the Bill as well.

In the FWSE, the day ended with a loss of 0.21% in overall value for the stock exchange. Stock Exchange analysts seem to be inclined that the whole week would follow a similar trend, as high-level shipping or oil/gas companies are affected negatively by this shelling.

Finally, the Ward Financial Holdings’ CEO is said to have met with Likatonian officials on the subject of creating a base of operations in Likatonia, this comes after serious concerns that the Martwick-Alchester Banking Corporation may be considering implementing its own Seleyan BoS in the Commonwealth of Mordusia, meanwhile both Cullsworth Finance Inc. and Stalward Financial Security (former Baklewood) are considering other locations, namely and respectively, Gaduridos and Lodamun.

@TheInternationalInquirer