Starting on the night of November 11th, 2022, the Dimae’s value began to plummet. This came after many Alarians had refused to take it, essentially going back to the U.S. Dollar. This issue would lead to many more after-effects and even possible prevention of Pontunian-related peace.
Due to many Alarians refusing to use the Dimae, this caused anxiety regarding stocks. This anxiety would then start a panic that escalated into a mass selling of stocks which would result in a plummeting value for most companies and the Dimae itself.
Since the panic and escalation, the Bank of Dimae shut down and the Bank of Alaria has closed all transactions through the company. Additionally, ACBIC and its subsidiaries are no longer accepting transactions on their websites.
“The Bank of Dimae has just announced that after two months it will close it’s doors. It’s holds over 2,000 DME which will be generously donated to the government and over 4,500 DME in assets which are owed to customers of the bank. The government will hereby seize these assets and work to pay back all customers owed money.”
Official Statement from the Emperor on behalf of the Bank of Dimae
Around 15 Elarians have also lost their jobs due to massive layoffs from the banks, respectively. Firefly, this morning, also sold all of its stock to its majority owner. This has plummeted not only the value of the company but also the value of other media companies such as ACBIC Films and Dragon Studio.
The recession is projected to decline into a depression, according to statistics from Ela’r’oech News Source.
Ela'r'œch News Source 