The changes in Raw Materials!
Day 1,223, 06:34
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Published in Canada 
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by
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by cyber ninja
Hello Canada! Today I got a message saying:
Plato | 1 hours ago
Dear citizen,
On Day 1,224 of the New World there will be one hour of maintenance, between 0:00 and 1:00 eRepublik Time. During that time, the process of raw materials' denomination will take place.
•All offers of raw material units will be removed from the marketplace, thus being returned into storage.
•Every current 6 raw material (RM) units from the storage will become 1 new raw material (RM
😉unit (a storage containing 6000 iron and 600 grain will now contain 1000 iron and 100 grain).
•All workers in raw material companies will extract 1 RM* for every 6 RM that they used to extract (production will be changed, not productivity).
•All final goods will consume 1 RM* for every 6 RM that they used to consume.
Best regards,
Plato
Your eRepublik Governor
Basically, that is a long-winded way of saying evry 6 raw materials will be worth one raw material. So you can also say that things are going back to normal. Food prices will be back at 0.85 CAD, grain prices will be back at 0.09, people who do not own companies will complain about the economy and people who do own companies will not complain. Also, you may see wages going up too. Because of the change, companies will have to sell at a higher price, which means, more profit. With more profit comes more extra spending money. Some companies will raise the wage of some workers. Than other company owners will be forced to do that, if not, their employees will quit and find a better job. Other than that, companies and citizens will do fine.
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Comments
Yaaay more changes to the game 😃 I was getting bored since the last change was a whole few weeks ago!
^lol
~hyuu~
http://forum.erepublik.com/showthread.php/110072-Raw-Materials-Denomination
so 1 Q food right now needs 6 raw
with the new changes
6 old raw = 1 new Raw
1 new Q1 food needs 1 new Raw
this change is tied with the 1000 storage space
lol @ PDP
So, will Bear Stearns go belly up with his 600,000 Grain that becomes on 100,000 or will he score big as prices rise?
I'm not sure if this will make or break the small guys, but what it will do is give us a bigger price range on raw materials. Now that 1 raw is essentially worth 6x times more, then the prices should go up, which allow for a wider price range for more competitive pricing. (i think?)
Of course, those working-managers with nothing to lose might just keep selling their stock at 0.04 CAD.
They are not changing anything at the end of the day, simply lowering the amount of RM that you will need to run a manufacturing company.
"All final goods will consume 1 RM* for every 6 RM that they used to consume."
This means that instead of needing 6 of RM to produce it, you will now need one. This is a simple conversion of the economy downwards.
It's them purely covering their asses from the storage change in the next couple of weeks, that's all.
But you have to wonder how this will affect prices for RM and, in turn, food and guns. There shouldn't be a big change, yet you know there is going to be a lot of crazines in the markets once all the offers get removed and restocked with the new RM.
for manu companies buy what need of raw material today to have smooth transition and save yourself from buying raw materials tomorrow .. prices will spike due to the fact that raw will be removed from the market and then only put back as players log on etc .. so best practice is to shop for raw today enough for tomorrow only .. on day 2 its business as usual
I think overally Raw material prices will drop, even though they should technically be at about 6 times the value they are at now.
The change will give RM companies more wiggle room to barter Raw which will likely mean cheaper Raw overall for production companies.
Its hard for a Raw company to go from 0.04 to 0.03, but someone will be much more likely to go from 0.24 to 0.23.
http://forum.erepublik.com/showthread.php/110072-Raw-Materials-Denomination
"Many of you experience a hard time on counting thousands and tens of thousands of raw material units when shopping on the marketplace."
Veiled insult?
Also, what Lavis said ^
Cyber Ninja, good on you for publishing an article on this.
In addition to the points others have made, these changes should cause RM speculating to diminish. The percentage spread between 0.04 and 0.05 is obviously much greater than say 0.24 and 0.25.
Will these RM changes alleviate General Managers storage fears?
http://www.erepublik.com/en/article/storage-fears-alleviated--1725728/1/20