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{{quote|''"Stockpiles? I'll say. If ever this Garden of ours falls to some foreign horde, our conquerors will never need to lift a finger in work again."''
|sign=Unnamed [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] official|source=heard at the sidelines of the 6th All-Garden Economic Development Symposium in Katarsis City, 205 [[Kalgachia#Calendar|AL]]}}
The '''Economy of [[Kalgachia]]''' has several distinctive features determined by the geography of the country, its natural resources, its geopolitical isolation and the cultivated work ethic of its population. It tends heavily toward the production and exchange of physical commodities, with most aspects of the service and infrastructure sectors being nationalised or church-owned as was the case in its predecessor state, [[Minarboria]].
The '''Economy of [[Kalgachia]]''' has several distinctive features determined by the geography of the country, its natural resources, its geopolitical isolation and the cultivated work ethic of its population. It tends heavily toward the production and exchange of physical commodities, with most aspects of the service and infrastructure sectors being nationalised or church-owned as was the case in its predecessor state, [[Minarboria]].


==Land Ownership and the Primacy of the Church==
==Land Ownership and the Primacy of the Church==


Although free economic enterprise is nominally permitted in Kalgachia, it falls short of capitalistic excess in large part due to a prohibition on the private ownership of land and its consequent absence as a tradeable asset - any land not directly requisitioned by central state organs defaults to the ownership of the [[Kalgachia#The Church of Kalgachia|Church of Kalgachia]], each parish of which is obliged to provide its inhabitants with housing. Although the operation of small-scale private enterprises from church-owned housing is permitted, business ventures requiring dedicated premises are only allotted land if they cede themselves to Church ownership (in practice this is generally a formality, with such businesses retaining their previous management and permitted some freedom to operate as long as their activities remain within the moral imperatives of Church doctrine).
Although free economic enterprise is nominally permitted in Kalgachia, it falls short of capitalistic excess in large part due to a prohibition on the private ownership of land and its consequent absence as a tradeable asset - any land not directly requisitioned by central state organs defaults to the ownership of the [[Kalgachia#The Church of Kalgachia|Church of Kalgachia]], each parish of which is obliged to provide its inhabitants with housing. Although the operation of small-scale private enterprises from church-owned housing is permitted and communal marketplaces are maintained in most parishes for the sale of private goods, business ventures requiring dedicated premises are only allotted land if they cede themselves to Church ownership (in practice this is generally a formality, with such businesses retaining their previous management and permitted some freedom to operate as long as their activities remain within the moral imperatives of Church doctrine).


Church-owned housing is graded as follows:
Church-owned housing is graded as follows:
Line 14: Line 17:
*Homes for the executive class
*Homes for the executive class


The Church pays for the upkeep of its housing - along with other Parish-level public services for which it is entirely responsible - through its considerable accretion of business interests which, even after the cost of public services is deducted, makes it by far the wealthiest entity in Kalgachia (this funding model was originally pioneered by the Church of [[Minarboria]] through its subsidiary ''Shrubway'' restaurant chain). This has occasionally caused problems of corruption among the junior clergy [[Tales from Kalgachia - 17|requiring central intervention]], but it is generally agreed that without the moral and spiritual vigilance of the Church against the insidious temptations of the pecuniary archon, the sequestration of such a large proportion of Kalgachia's wealth in the hands of any other authority would be disastrous.
The Church pays for the upkeep of its housing - along with other Parish-level public services for which it is entirely responsible - through its considerable accretion of business interests which, even after the cost of public services is deducted, makes it by far the wealthiest entity in Kalgachia (this funding model was originally pioneered by the Church of [[Minarboria]] through its subsidiary '[[Shrubway]]' restaurant chain). This has occasionally caused problems of corruption among the junior clergy [[Tales from Kalgachia - 17|requiring central intervention]], but it is generally agreed that without the moral and spiritual vigilance of the Church against the insidious temptations of the pecuniary archon, the sequestration of such a large proportion of Kalgachia's wealth in the hands of any other authority would be disastrous.


The Church-owned businesses of each Kalgachi Parish are required to tithe a proportion of their production to their superior March, the greatest proportion of that being tithed onward to the [[Kalgachia#The Directorate of Labour and Economic Planning|Directorate of Labour and Economic Planning]] (DLEP) for use in large projects. Nationally-critical industries requiring short supply chains and emergency production orders such as armaments and high-tech components are run in-house by the DLEP itself.
The Church-owned businesses of each Kalgachi Parish are required to tithe a proportion of their production to their superior March, the greatest proportion of that being tithed onward to the [[Kalgachia#The Directorate of Labour and Economic Planning|Directorate of Labour and Economic Planning]] (DLEP) for use in large projects. Industries of designated strategic importance are run as unitary enterprises under the direct ownership of the DLEP or other state organs.


==The Sanctity of Food==
==The Sanctity of Food==
Line 22: Line 25:
Due to Kalgachia's strict policy of maintining 'food sovereignty' on agriculturally sub-optimal terrain, all production of food is monitored closely by the [[Kalgachia#The Directorate of Health and Public Welfare|Directorate of Health and Public Welfare]] (DHPW) which is empowered to impose corrective measures - upto and including full management takeovers - of any food producers, processors or distributors considered to be wasteful in their operations. It works closely with Kalgachia's internal security service, the [[Kalgachia#The Prefects|Prefects]], to identify price-gougers or hoarders. [[Military of Kalgachia#Church Partisans|Church partisans]] do however enjoy the exclusive privilege of hoarding food in their many concealed caches, the partisans' status as a food source being considered essential in wartime to maintain local support during an invader's punitive reprisals against civilians for partisan activity, as well as offering a lifeline in case of the attempted extermination of the Kalgachi population by artificial famine (including on a strategic level by the deployment of mass chemical defoliants or biological pests against Kalgachi farming areas). In addition to this, the DHPW itself maintains substantial reserves of long-shelf-life food in deep underground installations.
Due to Kalgachia's strict policy of maintining 'food sovereignty' on agriculturally sub-optimal terrain, all production of food is monitored closely by the [[Kalgachia#The Directorate of Health and Public Welfare|Directorate of Health and Public Welfare]] (DHPW) which is empowered to impose corrective measures - upto and including full management takeovers - of any food producers, processors or distributors considered to be wasteful in their operations. It works closely with Kalgachia's internal security service, the [[Kalgachia#The Prefects|Prefects]], to identify price-gougers or hoarders. [[Military of Kalgachia#Church Partisans|Church partisans]] do however enjoy the exclusive privilege of hoarding food in their many concealed caches, the partisans' status as a food source being considered essential in wartime to maintain local support during an invader's punitive reprisals against civilians for partisan activity, as well as offering a lifeline in case of the attempted extermination of the Kalgachi population by artificial famine (including on a strategic level by the deployment of mass chemical defoliants or biological pests against Kalgachi farming areas). In addition to this, the DHPW itself maintains substantial reserves of long-shelf-life food in deep underground installations.


Due to a risk inexplicably termed by initiate seers of the [[Kalgachia#The Troglodyti|Troglodyti]] as 'Ceaușescu's Folly', the import or export of food to or from Kalgachia is strictly forbidden, with the exception of recreational beverages such as Stalemate Gin. This ensures that the nutrition of the population never becomes existentially dependent on foreign trade and thus eliminates a vulnerability which might be leveraged against Kalgachia by foreign powers.
Due to a risk inexplicably termed by initiate seers of the [[Kalgachia#The Troglodyti|Troglodyti]] as 'Ceaușescu's Folly', the import or export of food to or from Kalgachia is strictly forbidden, with the exception of recreational beverages such as Stalemate Gin. This theoretically ensures that the nutrition of the population never becomes existentially dependent on foreign trade and eliminates a vulnerability which might be leveraged against Kalgachia by foreign powers. In practice however, the small-time smuggling of luxury or exotic foods unobtainable by domestic means  - [[Tales from Kalgachia - 27|such as saltwater fish]] - is persistent and in places officially tolerated.


==Important Sectors==
==Important Sectors==


Much of the Kalgachi labour force is committed to agriculture and its associated trades; the country faces the challenge of feeding its population with nothing more than narrow arable strips in river valleys and hillside terraces with upland sheep and goat pastures, a difficult process to undertake intensively and requiring large numbers of farmers with a high level of competence as they walk the agronomic tightrope of high yield demand and permacultural sustainability (the latter imperative being something of an [[Deep Singers|ideological hangover]], but in relieving other industries of the headache of producing massive amounts of synthetic fertiliser it has acquired a more practical legitimacy). Additionally, a DHPW study of social nutrition during the collapse of [[Minarboria]] identified the existence of private vegetable plots, chicken coops and other domestic smallholdings as a critical nutritional bridge between the collapse of Minarboria's fatally-centralised food distribution network and the emergence of the Kalgachi agricultural sector. The preservation of this resilience by a programme of DHPW incentives has inspired many Kalgachis to continue the kitchen gardening tradition of their ancestors, the produce of smaller operations being offered some exemption from DHPW confiscation during times of short supply. As the necessary technology has become more workable and available, home food production has also spread to Kalgachia's underground settlements.
[[File:Bumchum.png|thumb|right|250px|Paper goods are among Kalgachia's more popular exports.]]
 
Somewhat inevitably, mining is also an important sector of the Kalgachi economy - most notably gold for foreign trade, tungsten for kinetic armaments, and the extraction of vital iodate brines from the western periphery of the Novodolor Gas Field by wells in Eastern Schlepogora to prevent outbreaks of cretinism, the curse of landlocked nations. The desire to extract every possible benefit from Kalgachia's largely-barren geology has been pursued to an obsessive conclusion in [[Project Newrad]], a scientific effort using high-end nuclear and chemical engineering to extract - or in some cases literally transmute - strategic resources out of unremarkable granite, the staggeringly marginal yields of such efforts being scaled into economic viability by the ruthless exploitation of Kalgachia's geothermal energy reserves.
 
Forestry is also a notable sector, occurring mainly in conifer plantations along the lower hills of the Kalgachi frontier which serve a second purpose as cover for defending troops and partisans in the event of an invasion. Timber being one of the few Kalgachi resources approaching abundance, much of it is allotted to wood gas internal combustion appliances which propel those Kalgachi road vehicles not running on geothermally-charged battery power. This in turn allows the marginal synthesis of more refined hydrocarbon fuels, plus such imports as may arrive in the country, to be allotted almost exclusively to [[Military of Kalgachia|military use]].
 
Kalgachia also has a modestly-sized textile industry, turning the wool obtained from flocks of mountain sheep into all manner of insulating garments. After an aggressive marketing campaign by the [[Octavian Import-Export Corporation|OIEC]], raw Kalgachi yarn has also proven popular among the knitting nannies of [[Nova England]] for its hard-wearing durability.
 
The size and shape of the Kalgachi manufacturing sector is difficult to estimate, as a major portion of it is concerned with the production of classified military hardware from deep underground factories. Many, if not most advances in Kalgachi civilian engineering have crossed over from the military industries - most famously microprocessor-abstinent electronics which push the potential of the vacuum tube to a level it never had the chance to attain in foreign microchip-oriented industries. While many articles of Kalgachi military hardware feature macroscopic semiconductors for the purposes of latency elimination, signal stability and encryption, these advances have been slow to filter through to civilian electronics which continue to rely on the humble firebottle if not outright clockwork.


==Labour force==
The Kalgachi economy is geared heavily toward national autarky and deals overwhelmingly in raw materials and commodities, assisted by the heavy exploitation of native energy sources. The Kalgachi standard of living, whilst broadly tolerable, is nonetheless a fraction of that suggested by the nation's industrial capacity - this is due to the reservation of a substantial portion for national defence and the stockpiling of essential supplies to sustain the Kalgachi nation in times of blockade or war, priorities which override all others in national economic planning.


The character of the Kalgachi labour force has, to date, progressed through three distinct stages:
The largest five sectors of the Kalgachia economy (measured by labour input) are:


*'''143-150 [[Kalgachia#Calendar|AL]]''': The first generation of motivated [[Minarboria|Minarborian]] immigrants, overwhelmingly engaged in the development of infrastructure.
*1. '''Agriculture''' (41% arable, 36% subsistence, 23% livestock)


*'''150-161 AL''': Large influxes of Froyalanish [[Community Service Workers]], imported from [[Shireroth]] after their societal downfall and mass bondage there. Mainly engaged in agriculture and raw material extraction.
*2. '''Forestry''' (68% for energy, 19% for construction, 13% for manufacturing)


*'''161 AL-present''': Emancipation of Froyalanish labour and the introduction of a minimum wage. Transition toward the aggressively promoted work ethic of the prevailing [[Kalgachia#'The Kalgachi|ethnic Kalgachi]], pedagogically conditioned by the [[Urchagin]] and similar initiatives. Engaged in all areas of the Kalgachi economy, allowing the hardest workers to attain substantial social mobility.
*3. '''Energy''' (38% geothermal electricity, 24% charcoal production, 15% charcoal gasification, 12% chargas-hydrocarbon liquefaction, 8% hydroelectricity, 3% charcoal electricity)


==Currency==
*4. '''Manufacturing''' (28% armaments, 24% processed food, 14% infrastructural supplies, 11% textiles, 10% machinery and conveyances, 9% consumer goods, 4% miscellaneous)
[[File:Kalgarrands.png|thumb|right|150px|The Kalgarrand and its denominations.]]


Kalgachi currency adheres to a very literal form of the gold standard, containing that precious metal physically within all its denominations. The base unit of Kalgachi currency is the Kalgarrand (kgr), a coin of 99.9% fine gold at a weight of 31.1 grams (1 troy ounce), 2mm thickness and a very small diameter of 18.08mm. Owing to its immense value and impractical ductility, the Kalgarrand coin is not often used in everyday commerce and where it is, it is invariably mounted within a protective casing. Denominations of Kalgarrand are minted as an alloy of tin with the appropriate proportion of gold content. The most valuable of these is the Half Kalgarrand, of equal weight in both gold and tin although the lesser density of the latter results in a larger coin of 22.44mm diameter. Coins of lower value retain the Half Kalgarrand's size, but with less gold and more tin as appropriate to their denomination. The differing proportions and densities of the alloyed metals give each coin a unique lustre and weight profile which aids greatly in authentication, although this variance is less discernible in lower denominations and generally requires specialised analysis such as spectrometry.
*5. '''Mining''' (36% aggregates, 27% stone, 19% gold, 11% tungsten, 7% trace minerals)


Although traditionally expressed as a fraction for high-value transactions, sub-Kalgarrand amounts are expressed decimally as Millirand (thousandths of a Kalgarrand) in everyday use.
===Unitary Enterprises===


===Gold and Currency Production / Foreign Expenditure Data===
The following Kalgachi enterprises are considered so strategically important or dependent on specialist input that they are vertically integrated into non-Church organs of the Kalgachi government. Those concerned with the manufacture of consumer goods often operate their own retail outlets in large urban centres.


{| class="wikitable" border="1"
{| class="wikitable" border="1"
|-
|-
! scope="col" | Year
! scope="col" | Logo
! scope="col" | Gold mined and smelted
! scope="col" | Name
! scope="col" | Gold allotted to industrial/aesthetic uses
! scope="col" | Owner
! scope="col" | Gold committed to Strategic Bullion Reserve
! scope="col" | Activity
! scope="col" | Gold exported abroad from Strategic Bullion Reserve
! scope="col" | Gold minted into Kalgarrand
! scope="col" | Kalgarrand spent abroad from domestic circulation
! scope="col" | Kalgarrand released into domestic circulation
! scope="col" | Kalgarrand spent abroad from Strategic Currency Reserve
! scope="col" | Kalgarrand committed to Strategic Currency Reserve
|-
|-
| 157 AL<ref><small>October 25th to November 2nd, 2017.</small></ref> || 150 tonnes<br>(of a potential 150 tonnes) || 30 tonnes<br>(from new gold production) || 20 tonnes<br>(from new gold production) || none || 100 tonnes totalling 3,215,434 kgr <br> (from new gold production) || 492 kgr || 492 kgr<br> (from newly minted currency) || 2,226 kgr || 3,214,942 kgr<br> (from newly minted currency)
| [[File:UE-agpc.png]] || '''All-Garden Pyroenergetics Complex''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Manufacture of combustion powerplants - rocket motors, aviation-spec turbines and wood-gas engines
|-
|-
| 158 AL<ref><small>November 3rd to November 12th, 2017.</small></ref> || 150 tonnes<br>(of a potential 150 tonnes) || 33 tonnes<br>(from new gold production) || 20 tonnes<br>(from new gold production) || none || 97 tonnes totalling 3,118,971 kgr <br> (from new gold production) || 613 kgr || 613 kgr<br> (from newly minted currency) || 1,919 kgr || 3,118,358 kgr<br> (from newly minted currency)
| [[File:UE-associatedcrucibles.png]] || '''Associated Crucibles''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Smelting, heavy machining and recycling of metals
|-
|-
| 159 AL<ref><small>November 13th to November 22nd, 2017.</small></ref> || 135 tonnes<br>(of a potential 150 tonnes) || 28 tonnes<br>(from new gold production) || 20 tonnes<br>(from new gold production) || none || 87 tonnes totalling 2,797,427 kgr <br> (from new gold production) || 720 kgr || 720 kgr<br> (from newly minted currency) || 3,233,682 kgr<ref><small>This spike in expenditure caused by the cash purchase of 32 [[Jan-van-Gent VII Model]] transport aircraft from [[Jingdao]].</small></ref> || 2,796,707 kgr<br> (from newly minted currency)
| [[File:UE-azothchem.png]] || '''AzothChem''' || [[Kalgachia#The Troglodyti|Troglodyti]] || Chemical production
|-
|-
| 160 AL<ref><small>November 23rd to December 2nd, 2017.</small></ref> || 142 tonnes<br>(of a potential 150 tonnes) || 24 tonnes<br>(from new gold production) || 20 tonnes<br>(from new gold production) || none || 98 tonnes totalling 3,151,125 kgr <br> (from new gold production) || 686 kgr || 686 kgr<br> (from newly minted currency) || 35,973 kgr || 3,150,439 kgr<br> (from newly minted currency)
| [[File:UE-bitzarok.png]] || '''Bitzarok''' || [[Kalgachia#The Directorate of Public Works|DPW]] || Quarrying and construction aggregate production
|-
|-
| 161 AL<ref><small>December 3rd to December 12th, 2017.</small></ref> || 50 tonnes<br>(of a potential 150 tonnes) || 35 tonnes<br>(from new gold production) || 15 tonnes<br>(from new gold production) || 2 tonnes || none || 706 kgr || 706 kgr<br> (from Strategic Currency Reserve) || 33,812 kgr || none
| [[File:UE-bleepworks.png]] || '''Bleep Works''' || [[Kalgachia#The Prefects|Prefects]] || Manufacture of military board circuitry, sensors, logic and guidance systems in secure conditions
|-
|-
| 162 AL<ref><small>December 13th to December 22nd, 2017.</small></ref> || 35 tonnes<br>(of a potential 150 tonnes) || 31 tonnes<br>(from new gold production) || 4 tonnes<br>(from new gold production) || 1 tonne || none || 881 kgr || 881 kgr<br> (from Strategic Currency Reserve) || 34,876 kgr || none
| [[File:UE-blobst.png]] || '''Blobst''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Medium/heavy machine building
|-
|-
| 163 AL<ref><small>December 23rd, 2017 to January 1st, 2018.</small></ref> || 95 tonnes<br>(of a potential 150 tonnes) || 25 tonnes<br>(from new gold production) || 5 tonnes<br>(from new gold production) || none || 65 tonnes totalling 2,090,032 kgr <br> (from new gold production) || 795 kgr || 2,000,795 kgr<br> (from Strategic Currency Reserve) <ref><small>Kalgarrand circulation increased to account for the emancipation of 2 million [[Kalgachia#The Froyalanish|Froyalanish]] labourers from bondage and their entry into the wage/consumer economy.</small></ref>|| 34,618 kgr || 2,090,032 kgr<br> (from newly minted currency)
| [[File:UE-buluhkmining.png]] || '''Buluhk Mining''' || [[Kalgachia#Provincial Governance|Lieutenancy of Schlepogora]] || Gold mining and smelting (profits distributed to [[Kalgachia#The Laqi|Laqi population]] of Schlepogora)
|-
|-
| 164 AL<ref><small>January 2nd to January 11th, 2018.</small></ref> || 32 tonnes<br>(of a potential 150 tonnes) || 30 tonnes<br>(from new gold production) || 2 tonnes<br>(from new gold production) || 4 tonnes || none || 814 kgr || 814 kgr<br> (from Strategic Currency Reserve) || 33,047 kgr || none
| [[File:UE-deepservices.png]] || '''Deep Services''' || [[Kalgachia#The Troglodyti|Troglodyti]] || Data analytics and management consultancy
|-
|-
| 165 AL<ref><small>January 12th to January 21st, 2018.</small></ref> || 30 tonnes<br>(of a potential 150 tonnes) || 33 tonnes<br>(30 tonnes from new gold production, 3 tonnes from Strategic Bullion Reserve) || none || 3 tonnes || none || 869 kgr || 869 kgr<br> (from Strategic Currency Reserve) || 36,198 kgr || none
| [[File:UE-dobbinibbles.png]] || '''Dobbinibbles''' || [[Military of Kalgachia#The Kalgachi Defence Force|KDF]] || Horse feed production
|-
|-
| 166 AL<ref><small>January 22nd to January 31st, 2018.</small></ref> || 35 tonnes<br>(of a potential 150 tonnes) || 29 tonnes<br>(from new gold production) || 6 tonnes<br>(from new gold production) || 1 tonne || none || 772 kgr || 772 kgr<br> (from Strategic Currency Reserve) || 34,111 kgr || none
| [[File:UE-elkal.png]] || '''El Kal''' || [[Kalgachia#The Directorate of Public Works|DPW]] || Civil air transport
|-
|-
| 167 AL<ref><small>February 1st to February 10th, 2018.</small></ref> || 28 tonnes<br>(of a potential 150 tonnes) || 26 tonnes<br>(from new gold production) || 2 tonnes<br>(from new gold production) || none || none || 594 kgr || 594 kgr<br> (from Strategic Currency Reserve) || 33,718 kgr || none
| [[File:UE-goodvial.png]] || '''Goodvial''' || [[Kalgachia#The Directorate of Health and Public Welfare|DHPW]] || Pharmaceutical production
|-
|-
| 168 AL<ref><small>February 11th to February 20th, 2018.</small></ref> || 26 tonnes<br>(of a potential 150 tonnes) || 28 tonnes<br>(26 tonnes from new gold production, 2 tonnes from Strategic Bullion Reserve) || none || none || none || 411 kgr || 411 kgr<br> (from Strategic Currency Reserve) || 33,104 kgr || none
| [[File:UE-elektromotiv.png]] || '''Elektromotiv''' || [[Kalgachia#The Directorate of Public Works|DPW]] || Manufacture of heavy electrical plant
|-
|-
| 169 AL<ref><small>February 21st to March 2nd, 2018.</small></ref> || 20 tonnes<br>(of a potential 150 tonnes) || 24 tonnes<br>(20 tonnes from new gold production, 4 tonnes from Strategic Bullion Reserve) || none || none || none || 386 kgr || 386 kgr<br> (from Strategic Currency Reserve) || 991 kgr<ref><small>This sudden drop in expenditure caused by [[Kasterburg|Kasterburg's]] closure of the 'Poroly Gap' (the ungoverned airspace linking Kalgachia to nations outside Benacia) disrupting the physical service of foreign debt.
| [[File:UE-hyssengurgel.png]] || '''Hyssengurgel''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Manufacture of hydraulic and pneumatic systems
</small></ref> || none
|-
|-
| 170 AL<ref><small>March 3rd to March 12th, 2018.</small></ref> || 32 tonnes<br>(of a potential 150 tonnes) || 29 tonnes<br>(from new gold production) || 3 tonnes<br>(from new gold production) || 1 tonne || none || 612 kgr || 612 kgr<br> (from Strategic Currency Reserve) || 66,091 kgr || none
| [[File:UE-jollyvision.png]] || '''Jollyvision''' || [[Kalgachia#The Directorate of Education and Outreach|DEO]] || Manufacture of electronic media and communication devices
|-
|-
| 171 AL<ref><small>March 13th to March 22nd, 2018.</small></ref> || 34 tonnes<br>(of a potential 150 tonnes) || 30 tonnes<br>(from new gold production) || 4 tonnes<br>(from new gold production) || 2 tonnes || none || 3033 kgr<ref><small>This spike in cash outflow caused by franchise fees for newly-opened [[Chicken King]] restaurant chains.</small></ref> || 3033 kgr<br> (from Strategic Currency Reserve) || 35,412 kgr || none
| [[File:UE-kalavia.png]] || '''Kalavia''' || [[Military of Kalgachia#The Kalgachi Defence Force|KDF]] || Manufacture of government aircraft
|-
|-
| 172 AL<ref><small>March 23rd to April 1st, 2018.</small></ref> || 34 tonnes<br>(of a potential 150 tonnes) || 32 tonnes<br>(from new gold production) || 2 tonnes<br>(from new gold production) || 2 tonnes || none || 3108 kgr || 3108 kgr<br> (from Strategic Currency Reserve) || 35,674 kgr || none
| [[File:UE-kalgachirailways.png]] || '''Kalgachi Railways''' || [[Kalgachia#The Directorate of Public Works|DPW]] || Rail transport
|-
|-
| 173 AL<ref><small>April 2nd to April 11th,</small></ref> || 32 tonnes<br>(of a potential 150 tonnes) || 30 tonnes<br>(from new gold production) || 2 tonnes<br>(from new gold production) || 1 tonne || none || 3041 kgr || 3041 kgr<br> (from Strategic Currency Reserve) || 35,332 kgr || none
| [[File:UE-kaltraption.png]] || '''Kaltraption''' || [[Kalgachia#The Directorate of Public Works|DPW]] || Manufacture of construction, agricultural and logging machinery
|}
 
===Gold and Currency Stocks (Cumulative)===
 
{| class="wikitable" border="1"
|-
|-
! scope="col" | Year<br>(end of)
| [[File:UE-ketgachia.png]] || '''Ketgachia''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Licensed manufacture of foreign automobiles (80% of profits remitted to [[Ketshire Automotive Technologies]] of the [[Sovereign Confederation]])
! scope="col" | Total bullion in Strategic Reserve
! scope="col" | Total Kalgachi-assayed bullion abroad<ref><small>Not including exported Kalgachi-hallmarked gold products such as jewellery.</small></ref>
! scope="col" | Total Kalgarrand in Strategic Reserve
! scope="col" | Total Kalgarrand in domestic circulation
! scope="col" | Total Kalgarrand abroad<ref><small>Owing to the inflation of Kalgachi bullion stocks over time, conversion of Kalgarrand into foreign currency is best subjected to a temporal modifier in accordance with the varying flow of time between the ''Anno Libertatis'' and other calendars (conversion of Kalgarrand to currencies of nations operating under ''Ab Nortone'', for instance, requiring the sum total of other variables determining the rate of exchange to be divided by three for a real-terms figure. Conversion of Kalgarrand to currencies of nations operating in uncompressed Earth time would require the rate to be divided by 36.5. The Reserve Bank of Kalgachia cannot be held responsible for inflationary events, currency crashes or bankruptcies arising from the renunciation of this advice nor, conversely, the gaming of global currency markets for personal profit by the exploitation of [[shire:Temporal Haemorrhaging|temporal haemorrhaging]].)</small></ref>
|-
|-
| 156 AL || 160 tonnes || none || 9,703,888 kgr || 16,000,000 kgr || 19,584 kgr
| [[File:UE-medkhoz.png]] || '''Medkhoz''' || [[Kalgachia#The Directorate of Health and Public Welfare|DHPW]] || Agriculture and food processing
|-
|-
| 157 AL || 180 tonnes || none || 12,916,604 kgr || 16,000,000 kgr || 22,302 kgr
| [[File:UE-melliphone.png]] || '''Melliphone''' || [[Kalgachia#The Directorate of Education and Outreach|DEO]] || Production of audio and visual recording media
|-
|-
| 158 AL || 200 tonnes || none || 16,033,043 kgr || 16,000,000 kgr || 24,834 kgr
| [[File:UE-ntc.png]] || '''National Timber Complex''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Forestry, timber production, chip/pulp/paper manufacture, wood gas refinement
|-
|-
| 159 AL || 220 tonnes || none || 15,596,068 kgr || 16,000,000 kgr || 3,259,663 kgr
| [[File:UE-neopreparat.png]] || '''Neopreparat''' || [[Kalgachia#The Directorate of Health and Public Welfare|DHPW]] || Microbiological solutions
|-
|-
| 160 AL || 240 tonnes || none || 18,710,534 kgr || 16,000,000 kgr || 3,296,322 kgr
| [[File:UE-oiec.png]] || '''[[Octavian Import-Export Corporation]]''' || 51 % [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] ([[Los Liberados|foreign registered]]) || Imports and Exports
|-
|-
| 161 AL || 252 tonnes || 2 tonnes || 18,676,016 kgr || 16,000,000 kgr || 3,330,840 kgr
| [[File:UE-psb.png]] || '''Puckadobey Savings Bank<br>(PSB Pachadsberg)''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Discreet financial services for foreign clients, currency trading
|-
|-
| 162 AL || 255 tonnes || 3 tonnes || 18,640,249 kgr || 16,000,000 kgr || 3,366,597 kgr
| [[File:UE-rbk.png]] || '''Reserve Bank of Kalgachia''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Gold bullion assay and stockpiling, currency minting
|-
|-
| 163 AL || 260 tonnes || 3 tonnes || 18,694,868 kgr || 18,000,000 kgr || 3,402,010 kgr
| [[File:UE-silentwonder.png]] || '''Silent Wonder''' || [[Kalgachia#The Directorate of Education and Outreach|DEO]] || Publishing
|-
|-
| 164 AL || 258 tonnes || 7 tonnes || 18,661,007 kgr || 18,000,000 kgr || 3,435,871 kgr
| [[File:UE-skivnikproof.png]] || '''Skivnikproof''' || [[Military of Kalgachia#The Kalgachi Defence Force|KDF]] || Manufacture of inert military equipment
|-
|-
| 165 AL || 252 tonnes || 10 tonnes || 18,623,940 kgr || 18,000,000 kgr || 3,472,938 kgr
| [[File:UE-snugtogs.png]] || '''Snugtogs''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Manufacture of textiles and textile products
|-
|-
| 166 AL || 257 tonnes || 11 tonnes || 18,589,057 kgr || 18,000,000 kgr || 3,507,821 kgr
| [[File:UE-trannytronics.png]] || '''Trannytronics''' || [[Kalgachia#The Directorate of Labour and Economic Planning|DLEP]] || Manufacture of civilian board circuitry and logic systems
|-
|-
| 167 AL || 259 tonnes || 11 tonnes || 18,554,745 kgr || 18,000,000 kgr || 3,542,133 kgr
| [[File:UE-unitedgunnery.png]] || '''United Gunnery''' || [[Military of Kalgachia#The Kalgachi Defence Force|KDF]] || Manufacture of barreled weapons
|-
|-
| 168 AL || 257 tonnes || 11 tonnes || 18,521,230 kgr || 18,000,000 kgr || 3,575,648 kgr
| [[File:UE-whizzbang.png]] || '''Whizzbang''' || [[Military of Kalgachia#The Kalgachi Defence Force|KDF]] || Manufacture of cartridge and rocket munitions
|}
 
==Currency==
[[File:Kalgarrands.png|thumb|right|150px|The Kalgarrand and its denominations.]]
 
Kalgachi currency adheres to a very literal form of the gold standard, containing that precious metal physically within all its denominations. The base unit of Kalgachi currency is the Kalgarrand (kgr), a coin of 99.9% fine gold at a weight of 31.1 grams (1 troy ounce), 2mm thickness and a very small diameter of 18.08mm. Owing to its immense value and impractical ductility, the Kalgarrand coin is not often used in everyday commerce and where it is, it is invariably mounted within a protective casing. Denominations of Kalgarrand are minted as an alloy of tin with the appropriate proportion of gold content. The most valuable of these is the Half Kalgarrand, of equal weight in both gold and tin although the lesser density of the latter results in a larger coin of 22.44mm diameter. Coins of lower value retain the Half Kalgarrand's size, but with less gold and more tin as appropriate to their denomination. The differing proportions and densities of the alloyed metals give each coin a unique lustre and weight profile which aids greatly in authentication, although this variance is less discernible in lower denominations and generally requires specialised analysis such as spectrometry.
 
Although traditionally expressed as a fraction for high-value transactions, sub-Kalgarrand amounts are expressed decimally as Millirand (thousandths of a Kalgarrand) in everyday use.
 
===Gold and Currency Production / Foreign Expenditure Data (10yr)===
 
{| class="wikitable" border="1"
|-
|-
| 169 AL || 253 tonnes || 11 tonnes || 18,519,853 kgr || 18,000,000 kgr || 3,577,025 kgr
! scope="col" | Period
! scope="col" | Gold mined and smelted
! scope="col" | Gold allotted to industrial/aesthetic uses
! scope="col" | Gold committed to Strategic Bullion Reserve
! scope="col" | Gold exported abroad from Strategic Bullion Reserve<ref><small>Minus Kalgachi bullion recovered from abroad.</small></ref>
! scope="col" | Gold minted into Kalgarrand
! scope="col" | Kalgarrand spent abroad from domestic circulation<ref><small>Minus Kalgarrand recovered from abroad.</small></ref>
! scope="col" | Kalgarrand released into domestic circulation
! scope="col" | Kalgarrand spent abroad from Strategic Currency Reserve<ref><small>Minus Kalgarrand recovered from abroad.</small></ref>
! scope="col" | Kalgarrand committed to Strategic Currency Reserve
|-
|-
| 170 AL || 255 tonnes || 12 tonnes || 18,453,150 kgr || 18,000,000 kgr || 3,643,728 kgr
| 210-219 AL<ref><small>April 7th to July 15th, 2019.</small></ref> || 225 tonnes<br>(of a potential 1500 tonnes) || 307 tonnes<br>(from new gold production) || 166 tonnes || 41 tonnes || 32 tonnes totalling 1,028,938 kgr<br>(from new gold production) || 54,302 kgr || 102,893 kgr<br> (from newly minted currency) || 524,372 kgr || 370,000 kgr from domestic circulation;<br>926,045 kgr from newly minted currency
|}
 
===Gold and Currency Stocks===
 
{| class="wikitable" border="1"
|-
|-
| 171 AL || 257 tonnes || 14 tonnes || 18,414,705 kgr || 18,000,000 kgr || 3,682,173 kgr
! scope="col" | Year<br>(commencement)
|-
! scope="col" | Total bullion in Strategic Reserve
| 172 AL || 257 tonnes || 16 tonnes || 18,375,923 kgr || 18,000,000 kgr || 3,720,955 kgr
! scope="col" | Total Kalgachi-assayed bullion abroad<ref><small>Not including exported Kalgachi-hallmarked gold products such as jewellery.</small></ref>
! scope="col" | Total Kalgarrand in Strategic Reserve
! scope="col" | Total Kalgarrand in domestic circulation
! scope="col" | Total Kalgarrand abroad<ref><small>Owing to the inflation of Kalgachi bullion stocks over time, conversion of Kalgarrand into foreign currency is best subjected to a temporal modifier in accordance with the varying flow of time between the ''Anno Libertatis'' and other calendars (conversion of Kalgarrand to currencies of nations operating under ''Ab Nortone'', for instance, requiring the sum total of other variables determining the rate of exchange to be divided by three for a real-terms figure. Conversion of Kalgarrand to currencies of nations operating in uncompressed Earth time would require the rate to be divided by 36.5. The Reserve Bank of Kalgachia cannot be held responsible for inflationary events, currency crashes or bankruptcies arising from the renunciation of this advice nor, conversely, the gaming of global currency markets for personal profit by the exploitation of [[shire:Temporal Haemorrhaging|temporal haemorrhaging]].)</small></ref>
|-
|-
| 173 AL || 256 tonnes || 17 tonnes || 18,337,550 kgr || 18,000,000 kgr || 3,759,328 kgr
| 220 AL || 397 tonnes || 247 tonnes || 37,799,837 kgr || 37,101,188 kgr || 6,366,662 kgr
|}
|}


===Footnotes===
==Foreign Payments==
 
===Notable Standing Payments===
 
*4,600 kgr per year from the [[Kalgachia#The Church of Kalgachia|Church of Kalgachia]] to [[Chicken King]] of the [[Florian Republic]] (since 209 AL) - restaurant franchise fees
*22,508 kgr per year from the Kalgachi government to [[Benacia Command]] as contributions towards the joint-administration of the Inner Benacian protectorates of [[Lepidopterum]], [[Northbloom]], and the [[Upland Confederation]] under the [[Treaty of Gloomburg]].
 
===Notable Historic Payments===
 
*1,472,000 kgr from the Kalgachi government to [[Sokoku Industries]] of [[Jingdao]] (between 159-204 AL) - aircraft purchase and maintenance payments
 
*500,000 kgr from the Kalgachi government to the [[Iron Company]] of [[Kasterburg]] (193 AL) - payment for an expansion of [[Gravelbottom Airport]]
 
*87,400 kgr from the [[Kalgachia#The Church of Kalgachia|Church of Kalgachia]] to [[Chicken King]] of the [[Florian Republic]] (between 171-208 AL) - restaurant franchise fees
 
*35,000 kgr from the Kalgachi government to the government of Kasterburg (between 170-204 AL) - airspace transit fees
 
Before 205 AL the majority of Kalgachia's remaining cash outflow (and a corresponding proportion of gold bullion) was paid to various enterprises of the [[Port of Vines]] via the [[Octavian Import-Export Corporation]] and the [[Nova English Trading Company]]. After 205 AL the emphasis switched to enterprises of the [[Batavian Confederation]], much of it through the [[Iron Company]]. An substantial amount is also circulated through [[Kalgachia#Provincial Governance|Kalgachia's protectorates]].
 
*Although the precise data is unavailable, tribute payments to [[Benacia Command]] after the [[Treaty of Gloomburg]] were sufficient enough for the [[UGB]] to base its [[Benacian sovereign|currency]] off the reserves thereby amassed.
 
==Footnotes==


[[Category:Kalgachia]] [[Category:Economy]]
[[Category:Kalgachia]] [[Category:Economy]][[category:Economy of the Benacian Union]]

Latest revision as of 14:01, 1 April 2023

"Stockpiles? I'll say. If ever this Garden of ours falls to some foreign horde, our conquerors will never need to lift a finger in work again."
—Unnamed DLEP official, heard at the sidelines of the 6th All-Garden Economic Development Symposium in Katarsis City, 205 AL

The Economy of Kalgachia has several distinctive features determined by the geography of the country, its natural resources, its geopolitical isolation and the cultivated work ethic of its population. It tends heavily toward the production and exchange of physical commodities, with most aspects of the service and infrastructure sectors being nationalised or church-owned as was the case in its predecessor state, Minarboria.

Land Ownership and the Primacy of the Church

Although free economic enterprise is nominally permitted in Kalgachia, it falls short of capitalistic excess in large part due to a prohibition on the private ownership of land and its consequent absence as a tradeable asset - any land not directly requisitioned by central state organs defaults to the ownership of the Church of Kalgachia, each parish of which is obliged to provide its inhabitants with housing. Although the operation of small-scale private enterprises from church-owned housing is permitted and communal marketplaces are maintained in most parishes for the sale of private goods, business ventures requiring dedicated premises are only allotted land if they cede themselves to Church ownership (in practice this is generally a formality, with such businesses retaining their previous management and permitted some freedom to operate as long as their activities remain within the moral imperatives of Church doctrine).

Church-owned housing is graded as follows:

  • Local jails
  • Hostels for newly released convicts/lunatics, transients and vagabonds
  • Homes for invalids, orphans, geriatrics and similarly worthy destitutes
  • Homes for the working class
  • Homes for the managerial class
  • Homes for the executive class

The Church pays for the upkeep of its housing - along with other Parish-level public services for which it is entirely responsible - through its considerable accretion of business interests which, even after the cost of public services is deducted, makes it by far the wealthiest entity in Kalgachia (this funding model was originally pioneered by the Church of Minarboria through its subsidiary 'Shrubway' restaurant chain). This has occasionally caused problems of corruption among the junior clergy requiring central intervention, but it is generally agreed that without the moral and spiritual vigilance of the Church against the insidious temptations of the pecuniary archon, the sequestration of such a large proportion of Kalgachia's wealth in the hands of any other authority would be disastrous.

The Church-owned businesses of each Kalgachi Parish are required to tithe a proportion of their production to their superior March, the greatest proportion of that being tithed onward to the Directorate of Labour and Economic Planning (DLEP) for use in large projects. Industries of designated strategic importance are run as unitary enterprises under the direct ownership of the DLEP or other state organs.

The Sanctity of Food

Due to Kalgachia's strict policy of maintining 'food sovereignty' on agriculturally sub-optimal terrain, all production of food is monitored closely by the Directorate of Health and Public Welfare (DHPW) which is empowered to impose corrective measures - upto and including full management takeovers - of any food producers, processors or distributors considered to be wasteful in their operations. It works closely with Kalgachia's internal security service, the Prefects, to identify price-gougers or hoarders. Church partisans do however enjoy the exclusive privilege of hoarding food in their many concealed caches, the partisans' status as a food source being considered essential in wartime to maintain local support during an invader's punitive reprisals against civilians for partisan activity, as well as offering a lifeline in case of the attempted extermination of the Kalgachi population by artificial famine (including on a strategic level by the deployment of mass chemical defoliants or biological pests against Kalgachi farming areas). In addition to this, the DHPW itself maintains substantial reserves of long-shelf-life food in deep underground installations.

Due to a risk inexplicably termed by initiate seers of the Troglodyti as 'Ceaușescu's Folly', the import or export of food to or from Kalgachia is strictly forbidden, with the exception of recreational beverages such as Stalemate Gin. This theoretically ensures that the nutrition of the population never becomes existentially dependent on foreign trade and eliminates a vulnerability which might be leveraged against Kalgachia by foreign powers. In practice however, the small-time smuggling of luxury or exotic foods unobtainable by domestic means - such as saltwater fish - is persistent and in places officially tolerated.

Important Sectors

Paper goods are among Kalgachia's more popular exports.

The Kalgachi economy is geared heavily toward national autarky and deals overwhelmingly in raw materials and commodities, assisted by the heavy exploitation of native energy sources. The Kalgachi standard of living, whilst broadly tolerable, is nonetheless a fraction of that suggested by the nation's industrial capacity - this is due to the reservation of a substantial portion for national defence and the stockpiling of essential supplies to sustain the Kalgachi nation in times of blockade or war, priorities which override all others in national economic planning.

The largest five sectors of the Kalgachia economy (measured by labour input) are:

  • 1. Agriculture (41% arable, 36% subsistence, 23% livestock)
  • 2. Forestry (68% for energy, 19% for construction, 13% for manufacturing)
  • 3. Energy (38% geothermal electricity, 24% charcoal production, 15% charcoal gasification, 12% chargas-hydrocarbon liquefaction, 8% hydroelectricity, 3% charcoal electricity)
  • 4. Manufacturing (28% armaments, 24% processed food, 14% infrastructural supplies, 11% textiles, 10% machinery and conveyances, 9% consumer goods, 4% miscellaneous)
  • 5. Mining (36% aggregates, 27% stone, 19% gold, 11% tungsten, 7% trace minerals)

Unitary Enterprises

The following Kalgachi enterprises are considered so strategically important or dependent on specialist input that they are vertically integrated into non-Church organs of the Kalgachi government. Those concerned with the manufacture of consumer goods often operate their own retail outlets in large urban centres.

Logo Name Owner Activity
All-Garden Pyroenergetics Complex DLEP Manufacture of combustion powerplants - rocket motors, aviation-spec turbines and wood-gas engines
Associated Crucibles DLEP Smelting, heavy machining and recycling of metals
AzothChem Troglodyti Chemical production
Bitzarok DPW Quarrying and construction aggregate production
Bleep Works Prefects Manufacture of military board circuitry, sensors, logic and guidance systems in secure conditions
Blobst DLEP Medium/heavy machine building
Buluhk Mining Lieutenancy of Schlepogora Gold mining and smelting (profits distributed to Laqi population of Schlepogora)
Deep Services Troglodyti Data analytics and management consultancy
Dobbinibbles KDF Horse feed production
El Kal DPW Civil air transport
Goodvial DHPW Pharmaceutical production
Elektromotiv DPW Manufacture of heavy electrical plant
Hyssengurgel DLEP Manufacture of hydraulic and pneumatic systems
Jollyvision DEO Manufacture of electronic media and communication devices
Kalavia KDF Manufacture of government aircraft
Kalgachi Railways DPW Rail transport
Kaltraption DPW Manufacture of construction, agricultural and logging machinery
Ketgachia DLEP Licensed manufacture of foreign automobiles (80% of profits remitted to Ketshire Automotive Technologies of the Sovereign Confederation)
Medkhoz DHPW Agriculture and food processing
Melliphone DEO Production of audio and visual recording media
National Timber Complex DLEP Forestry, timber production, chip/pulp/paper manufacture, wood gas refinement
Neopreparat DHPW Microbiological solutions
Octavian Import-Export Corporation 51 % DLEP (foreign registered) Imports and Exports
Puckadobey Savings Bank
(PSB Pachadsberg)		 DLEP Discreet financial services for foreign clients, currency trading
Reserve Bank of Kalgachia DLEP Gold bullion assay and stockpiling, currency minting
Silent Wonder DEO Publishing
Skivnikproof KDF Manufacture of inert military equipment
Snugtogs DLEP Manufacture of textiles and textile products
Trannytronics DLEP Manufacture of civilian board circuitry and logic systems
United Gunnery KDF Manufacture of barreled weapons
Whizzbang KDF Manufacture of cartridge and rocket munitions

Currency

The Kalgarrand and its denominations.

Kalgachi currency adheres to a very literal form of the gold standard, containing that precious metal physically within all its denominations. The base unit of Kalgachi currency is the Kalgarrand (kgr), a coin of 99.9% fine gold at a weight of 31.1 grams (1 troy ounce), 2mm thickness and a very small diameter of 18.08mm. Owing to its immense value and impractical ductility, the Kalgarrand coin is not often used in everyday commerce and where it is, it is invariably mounted within a protective casing. Denominations of Kalgarrand are minted as an alloy of tin with the appropriate proportion of gold content. The most valuable of these is the Half Kalgarrand, of equal weight in both gold and tin although the lesser density of the latter results in a larger coin of 22.44mm diameter. Coins of lower value retain the Half Kalgarrand's size, but with less gold and more tin as appropriate to their denomination. The differing proportions and densities of the alloyed metals give each coin a unique lustre and weight profile which aids greatly in authentication, although this variance is less discernible in lower denominations and generally requires specialised analysis such as spectrometry.

Although traditionally expressed as a fraction for high-value transactions, sub-Kalgarrand amounts are expressed decimally as Millirand (thousandths of a Kalgarrand) in everyday use.

Gold and Currency Production / Foreign Expenditure Data (10yr)

Period Gold mined and smelted Gold allotted to industrial/aesthetic uses Gold committed to Strategic Bullion Reserve Gold exported abroad from Strategic Bullion Reserve[1] Gold minted into Kalgarrand Kalgarrand spent abroad from domestic circulation[2] Kalgarrand released into domestic circulation Kalgarrand spent abroad from Strategic Currency Reserve[3] Kalgarrand committed to Strategic Currency Reserve
210-219 AL[4] 225 tonnes
(of a potential 1500 tonnes)		 307 tonnes
(from new gold production)		 166 tonnes 41 tonnes 32 tonnes totalling 1,028,938 kgr
(from new gold production)		 54,302 kgr 102,893 kgr
(from newly minted currency)		 524,372 kgr 370,000 kgr from domestic circulation;
926,045 kgr from newly minted currency

Gold and Currency Stocks

Year
(commencement) 		Total bullion in Strategic Reserve Total Kalgachi-assayed bullion abroad[5] Total Kalgarrand in Strategic Reserve Total Kalgarrand in domestic circulation Total Kalgarrand abroad[6]
220 AL 397 tonnes 247 tonnes 37,799,837 kgr 37,101,188 kgr 6,366,662 kgr

Foreign Payments

Notable Standing Payments

Notable Historic Payments

  • 1,472,000 kgr from the Kalgachi government to Sokoku Industries of Jingdao (between 159-204 AL) - aircraft purchase and maintenance payments
  • 35,000 kgr from the Kalgachi government to the government of Kasterburg (between 170-204 AL) - airspace transit fees

Before 205 AL the majority of Kalgachia's remaining cash outflow (and a corresponding proportion of gold bullion) was paid to various enterprises of the Port of Vines via the Octavian Import-Export Corporation and the Nova English Trading Company. After 205 AL the emphasis switched to enterprises of the Batavian Confederation, much of it through the Iron Company. An substantial amount is also circulated through Kalgachia's protectorates.

Footnotes

  1. ^ Minus Kalgachi bullion recovered from abroad.
  2. ^ Minus Kalgarrand recovered from abroad.
  3. ^ Minus Kalgarrand recovered from abroad.
  4. ^ April 7th to July 15th, 2019.
  5. ^ Not including exported Kalgachi-hallmarked gold products such as jewellery.
  6. ^ Owing to the inflation of Kalgachi bullion stocks over time, conversion of Kalgarrand into foreign currency is best subjected to a temporal modifier in accordance with the varying flow of time between the Anno Libertatis and other calendars (conversion of Kalgarrand to currencies of nations operating under Ab Nortone, for instance, requiring the sum total of other variables determining the rate of exchange to be divided by three for a real-terms figure. Conversion of Kalgarrand to currencies of nations operating in uncompressed Earth time would require the rate to be divided by 36.5. The Reserve Bank of Kalgachia cannot be held responsible for inflationary events, currency crashes or bankruptcies arising from the renunciation of this advice nor, conversely, the gaming of global currency markets for personal profit by the exploitation of temporal haemorrhaging.)
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