Ministry of Finance

The Minister of Finance, His Grace Duke Michael Morris, oversees the Ministry of Finance. Having served since 1990, His Grace is the longest serving Minister in His Majesty's Cabinet.

His Grace's planning for the Ministry of Finance (MinFin) is built on sound management of finances while ensuring balance among the various objectives within the Kingdom.



Current MU Exchange Rate

Information About the MU 

The value of the Kingdom's base unit of currency, the MU, is tied directly to the London "P.M. Fix" price of 1 ounce of .999 fine gold bullion (AU).

 

1 Troy oz AU = 480 grains - so - 1 MU = 1/480 oz AU

In other words, if the London P.M. Fix for Gold is $ 1,535.50 (US). . .
the value of the MU = 1535.50/480 = 3.1989583 or 1 MU = $ 3.20 (US)

 

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Economic Information

The Minister of Finance has been instrumental in the development of the Kingdoms cashless transaction system.  Building the economic framework of the Kingdom around the latest technologies allows commerce to flow simply and easily in an almost "frictionless" way.

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Civil Representation

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