Economy of Mobiania

Mobiania has a mixed economy. The Constitution recognises and protects state and private property; major industrial enterprises belong to the state. The currency is the Mobian pound; issuance is a state responsibility. Exchange rates and the basis of taxation are regulated by Imperial acts.

The Bank of Mobiania was established on 02/12/3243 by Decree 053 as a state company and legal entity. Its responsibilities included issuance, monetary policy, financial supervision, regulation of payments and non-state financial institutions, currency operations, holding the gold reserve and publishing economic reports in Vox Vulpi. Initially it was directly managed by the government.

Decree 069 of 28/03/3244 established historical taxes: 5% of bank balances, 50 M per residential chunk and 100 M per business chunk. Land used exclusively for public, charitable, religious or political activities was exempt from land tax. In the act, one chunk is 256 m². These rates belong to the corresponding historical period.

Decree 081 of 27/12/3245 suspended the bank's operations, its establishing decree and the taxation act; introduced an indefinite tax holiday; and set 1 ar = 10 M for Foxward. Exchanges for precious metals were suspended.

Ars are Foxward's external international currency, represented by diamond ore blocks. They do not replace the Mobian pound in the general state setting. Application of a gold peg depends on the period and economic conditions.