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Post by ➤ GRAZ ! on Jan 9, 2012 20:00:53 GMT
PARSENNE DECLINES FOR FIFTH CONSECUTIVE MONTH!
Although much of the turmoil surrounding the controversial proposition to relocate Solastella’s capital to Menes City has now passed, the Parsenne continues to wallow in the face of a strong Solere. Sphinx Island stocks continued to show volatility as a result. The SS100 is up just 0.4% to 5502 from 5480 points, showing practically no progress over the last quarter. Sierran analysts attribute this to the high volume of Parsennes dealt with on a daily basis by Menes City’s many casinos and banking firms.
The weak Parsenne has been a boon for the struggling industries in Acero Isle, however, with many of them on course to record year-on-year growth of ten percent or more. Fearing for the consumer class of Acero Isle and particularly the city of Parsus (La Parsu’eil), many of whom are feeling the pinch through the weakness of the Parsenne, some insiders are reporting that the Bank of Fezu may take action soon to prop up the currency and return it to parity with the Solere. Over the past ten years, they have averaged an exchange rate of Ƨ100 : Ƹ105 (Ƹ100 : Ƨ95), though most would agree this overvalues the Parsenne.
Agnes Herald and Brett Benjamin, the Chancellor of the Bank of Fezu are expected to make a joint statement within the next few weeks on the matter. Neither office was available for comment.
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