Kafuri Ministry of Finance

Introduction
This page is currently under development. The page's future is currently under discussion.

Board Statistics
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Kafuristani Legislation
Kafuristan's economic legislation is currently (March 2492) rather moderate, with liberties given to employees and employers. Trade Unions are both legal and optional, and government approval is needed before strikers can be fired. Major industries remain national, resulting to a smoother cooperation between trade deals.

Diplomatic Details

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Foreign Trade Policy
Foreign investors are required to apply with the government before they are allowed to invest in national companies. Nations interested in trading with Kafuristan must apply to the Finance Ministry.

International Market
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Kafuri National Oil Company
A huge amount of Kafuristan's GDP comes from the sale of crude or refined oil. Much of this oil comes from the deserts in Hiamou and other provinces. The oil is refined in Kafuristan, and then either sold domestically or exported to the international community. For further information, visit the particular information article. In order to negotiate trade deals with KNOC, a nation must apply to the Finance Ministry first, so as to receive permission, according to the Kafuristani legislation.

History of Kafuristani Economy
Kafuristani United Petroleum Corporation was considered to have an oil monopoly and was rumored to have rigged the March 2100 elections, the Economic Party's very first. It owned half of the oil refineries in Kafuristan and controlled two thirds of the oil fields.

After the Tritist Coup d'etat, Kafuristan's oil industry was nationalized into the Kafuristani National Oil Company. With Tritist reforms urging for the closure of Kafuristani contact with the outside world, the investors who enjoyed the lax regulation from the Economic Party's days have already begun to sell their shares in Kafuristani companies, plummeting the economy into anarchy.

The economy has been dramatically improved in late 2475, while the Kafuristani Left-Right Conflict was taking place. Neutral parties kept stability and the economy did not drop. The treaty with Lourenne opened a new road to Kafuristani Foreign Relations and Trade. More treaties came with other nations, making the Kafuristani incline with positive effects on society's structure. Military reformations followed, as well as economical improvements. The 26th century was about to witness a different Kafuristan.
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