Kundrati

[Dredd]

[Pravda, Kaesama,  February 5658]

The "New-Kuno" Introduced, trade deal with Haifbourg signed.

To remedy the rapid inflation and degradation of our currency stability, the government has now introduced a new currency to be adopted titled the "New-Kuno". This currency will be traded with old Kuno at an exchange rate of 3000K to 1NK, every bank note will be backed by either Gold, Silver, or high grade Diamonds at varying rates per gram. Likewise all these bullion will be backed by bullion bond notes which can supplement these materials. The government has in its opinion as stated by the President, "Secured sufficient trade volume in gold, silver, and diamonds to ensure this smooth transferal. This will ensure a strong currency with tangible assets tied to each note both strengthen investment opportunity and economic power. Haifbourg specifically has arranged a trade deal with substantial amounts of high quality diamonds and silver to facilitate this deal, and are likewise being granted shares of port Jildrath to foster enlarged trade and cooperation.

To the citizens of Kundrati, the necessity of this change also necessitates sacrifice, that being in the form of the "Kundrati Gold Seizure Act 902", henceforth anyone in possession of gold or silver exceeding the quantity of 10 grams of gold or 50 grams of silver will be required to deliver this bullion to the national bank in exchange for equal new kuno. This measure does not apply to gold and silver coins having recognized special value to collectors of rare and unusual coins, personal jewelry, customary use in industry, nor that required for profession or art. This measure will only strengthen the nation, we call on patriots everywhere to give their gold to the national treasury for the benefit of all!

The following transfer of Kuno to new kuno will officially commence in 30 days, after which Kuno will be of no value. As of now the treasury has been printing New Kuno in vast quantities and physical bill distribution is guaranteed!