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Lowering the price of the PHP?

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Lowering the price of the PHP?

Post by iLord Solomon on Thu May 05, 2011 2:01 am

So I was just discussing this on the irc; why not try and drop the price of the PHP to 0.005-0.006 gold? There are a number of advantages I see:

1. RWs are cheaper (in terms of gold)
2. More money is floating around (less prone to sudden market shifts)
3. Land becomes cheaper for citizens of ePhil (enables each of us to own more companies and become self-sufficient faster, and ensures steady demand for the PHP)

The one problem I see is that it will be expensive to do, but if the govt makes the PHP at 0.005 for, and sells them at 0.005-0.006 they break even/make a slight profit.
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iLord Solomon

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Re: Lowering the price of the PHP?

Post by Negosyo sa tao on Wed May 11, 2011 5:27 am

If you look at the MM markets for the PHP, it's already happening. Sad

The question should rather be whether we can stop it from going down any further. I really would not like to see the PHP to fall below the 0.005 g mark for people selling PHP; mainly b/c it would fall below the cost of issuing new money.
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Re: Lowering the price of the PHP?

Post by Berritas on Wed May 11, 2011 10:58 pm

the PHP is a strong currency at the moment would b best to keep it that way :)
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Re: Lowering the price of the PHP?

Post by iLord Solomon on Wed May 11, 2011 11:03 pm

Why? And especially with the new updates to be released, the cheaper the PHP, the cheaper new companies are.
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