His Mount Vema Majesty’s Government confirmed speculation about plans to unpeg the golle as part of a plan to track a basket of currencies. The Central Bank of Mount Vema said in a statement that the cap, introduced in 2006, is no longer justified, and has reassured investors that the Kingdom of Mount Vema is not cutting ties with the US currency.
With this announcement which was first made two years ago and confirmed today, all major commodities within the economy of Mount Vema, will be priced in golles. This, according to the Central Bank, is necessary to keep in line with the restructuring of the Mount Vema financial system, to help the current trade of Mount Vema assets.
The state of the economy of Mount Vema for the next three decades is very good and it is likely to continue for some time. Said the Mount Vema Central Bank who kept interest rate unchanged again at 3.45%, maintaining the amount investors pay to hold deposits in golles. The Central Bank said, the economy will continue to be stable and predictable, to entice current investment, without the need to keep changing currency policy from one day to the next.
While some financial markets around the world are still in turmoil. There is a growing confidence in Mount Vema, as investors are now considering the Kingdom of Mount Vema as a “safe haven” asset, just like the Swiss Franc and American government bonds: buy them and you know your money will not be at risk or lost forever.
Investors like the golle because they think the Mount Vema Government is becoming a safe pair of hands: it runs a balanced budget, for instance. But as investors flock to the golle, they are also dramatically pushing up its value.
Because an expensive golle would hurt Mount Vema, with the economy becoming heavily reliant on selling services and future fisheries contracts and related sea food products, to overseas investors, the government realized that it needed to keep down the value of the golle, so it decided to unpeg it and use them to buy other currencies in the Mount Vema currency market.
By increasing the supply of golles relative to US dollars on the Mount Vema foreign-exchange market, the Mount Vema Government expects to cause the value of the golle to fall slightly, thereby enabling the Kingdom to amass billions-worth of foreign currency and continue to boost the purchasing power of the Mount Vema currency.
Handy-Deed campaign to recruit commercial divers in Cape Town - South Africa, early this month failed to attract any suitable candidate, according to Mount Vema News, the official news agency of the Kingdom of Mount Vema.
Handy-Deed is a company registered with the Kingdom of Mount Vema, listed in the Mount Vema Stock Exchange. The company is one of the main contractor handling most of the key City of Mount Vema development projects.
The company planned to recruit about twenty commercial divers this year to work below surface using scuba gear to inspect, repair, remove, and install equipment and structures. The divers will also conduct tests, experiments, film and photograph structures of the different sites of the sea mount and the marine life for the libraries of the Kingdom of Mount Vema and the world for better management of the marine environment.
The recruitment, was mainly an online campaign to attract Commercial Divers in Cape Town - South Africa, due to the country’s proximity to the Kingdom of Mount Vema. The plans according to Handy-Deed officials was to recruit in Namibia which is closer to Mount Vema in comparison to South Africa, but the company later decided to advertise in Cape Town as it expected to find more candidates there.
The recruitment set-back could delay other projects that are dependent on the successful operations of Handy-Deed, so His Mount Vema Majesty’s Government Department responsible for territorial management announced today that it plans to fund a program to train more commercial divers this year to tackle the shortage of divers in the Mount Vema’s overseas jobs market.
This year, members of the Mount Vema community voted for the producers of The Blue Planet in recognition for their work in relation to the marine life.
The Universal Cross, is one of the most prestigious prizes awarded annually by The Kingdom of Mount Vema to people and organizations worldwide for services to the Environment, Promotion of Peace, Universal Welfare and Life Achievement.
The Blue Planet is a British nature documentary series created and produced by the BBC. It premiered in 2001 in the United Kingdom. It is narrated by David Attenborough, and it is the first ever comprehensive series on the natural history of the world's oceans, enabling the world to understand the different aspects of marine life, with behaviours that had previously never been filmed.
The Universal Cross 2017, is not the first recognition and is not the last. Over the years, Mount Vema has given many prestigious awards in recognition for several works in relation to the welfare of the universe.
The Sea Fisheries Act, Mount Vema 2017 will come into operation tomorrow after the Royal Mount Vema Seal was granted by His Majesty King Peter Goldishman of Mount Vema this weekend.
The Act makes provision with respect to the levies which may be imposed, makes further provision for the regulation of sea fishing, makes provision related to fishing boats and gear lost or abandoned at sea.
The law says that the Minister may, whenever it appears necessary or expedient, by order make provision for regulating the conduct of, and safeguarding, fishing operations and operations ancillary, including provision with respect to the identification and marking of fishing boats and fishing gear.
The Mount Vema Minister for Fisheries may by order with respect to foreign fishing boats which, in pursuance of an arrangement for the time being in force between His Mount Vema Majesty’s Government and the government of any other country, enter Mount Vema fishery limits for the purpose of carrying on fishing operations or operations ancillary thereto, including provisions regulating the movement of those boats within those limits.