Value of BAUG decreases by 15%

The Value of the Baugnian BAUG vs. the $USD decreased by 15% to come to $5.05 because of action taken by the CBB to decrease value by issuing 3,428,723,900 (to come to 2,301,428,723,900 BAUG) more BAUGs and by decreasing the amount of UNITS by 23,012,655,00 to 2,276,987,345,000.


The updated economic rates, according to the CBB, are:
USD vs. BAUG:
BAUG1=$5.05

Banking Interest Rates:
0.75%

Value of UNITs:
BAUG2=1.01UNITS

USD vs. UNIT:
$5USD=1UNITS

Inflation Rate:
10.10%

If you have any questions on how the new economy will effect you, please contact bank@baugnia.org.

Baugnian Government moves online presence

The Baugnian Government's old domain, www.ussbgov.org (which it used when it was the United Socialist States of Baugnia, hence the "ussb" in the name) is now no longer in use. Now the government is using www.baugnia.org. All government emails, websites, and web pages's addresses will remain the same URL, except that now instead of www.ussbgov.org/example-page it is www.baugnia.org/example-page. the domain http://ussbgov.org has been forwarded to www.baugnia.org, but the government workers cannot forward www.ussbgov.org to www.baugnia.org.


If you have any questions or comments regarding this change please contact internet@baugnia.org.

USSB gets renamed the Socialist Federal Republic of Baugnia

Baugnia proposes diplomatic relations with Kurdistan

More as it develops.

Baugnia signs KAO (Kapitolstadt Agreement Organization) with Mira-Derby

The Baugnian president signed the Kapitolstadt Treaty with Mira-Derby, as the government promised, because Mira-Derby dropped the Micro-INTERPOL propodsal.

Mira-Derby has since started an application to join the Union of North American Micronations

Baugnia 'Slaps wrists' of Mira-Derby for proposed violation of personal liberties

The Socialist Union posted threat of hard sanctions agains the Union of the Sovereign States of Mira-Derby for its proposed "Micro INTERPOL" database. The project would have collected the private information of citizens of all micronations, and stored them on a database. The Government of Baugnia said it would possibly enter into Diplomatic relations with Mira-Derby, a 'big win' for any nation, if the proposal was dropped entirely.

Mira-Derby has since appologized to Baugnia and to all others, and repealed the proposal.

CBB ends Communal Security programme

The Central Bank of Baugnia will end the Communal Security programme come the end of Febuary, 2008. The programme handed out money to citizens over 50 years, but required an annual tax of 3000BAUG. Users of the programme were informed six months prior to this press release, and are given control over the submitted funds.