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Great Morstaybishlia: Difference between revisions
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== Economy ==
[[File:900px-Kirib symbol.png|right|thumb|180px|The [[Kirib]] (symbol: ♅; ISO code: KRB) is the official currency of Great Morstaybishlia, the [[UNAC]] countries and most former and all current Morstaybishlian colonies]]
Great Morstaybishlia has a partially regulated market economy. Based on market exchange rates, Great Morstaybishlia is today the third-largest economy in the world and the largest in Aurora. HM Treasury, led by the Chancellor of the Exchequer, is responsible for developing and executing the government's public finance policy and economic policy. The [[Kirib]], which is the legal tender, originated in the United Kingdom. Historically, the Kirib was issued by the Auroran Bank in Sani Bursil, Staynes, but is presently issued by the Auroran Bank in Tarov, [[Tivot]], printed by the Staynish Bank Note Company and minted by the Royal Staynish Mint. The Bank of Staynes is the UK's central bank and continues to act as a [[Wikipedia:Central bank|central bank]] in other respects such as regulating the banking sector, acting as a lender to banks and managing the nation's gold reserves. The United Kingdom has gold reserved of 172 billion KRB.
The Kirib is the world's second-largest reserve currency (after the SH Dollar). Since 1995 the Bank of Staynes' Monetary Policy Committee, headed by the Governor of the Bank of Staynes, has been responsible for setting interest rates at the level necessary to achieve the overall inflation target for the economy that is set by the Chancellor each year.
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