The aim of the Treasury is to promote the good of the people by maintaining monetary and financial stability.
Monetary and financial stability means stable prices and confidence in the Principality's economic system. Stable prices are defined by the Government's inflation target (currently at 2%), which the Bank seeks to meet through the decisions taken by the Ministry of Finance.
The principle currencies of Nooqland are digital currencies and the Principality's own currency, the 'nooq', which shall be launched in the near future.
The roles of the Traeasury are;
- Setting Fiscal Policy
- Oversight and protection of the Principality's reserves
- Minting the Principality’s currency
The Treasury's job is to fulfill all of these responsibilities by working together with other Government bodies in a coordinated way. By doing so, we can maximise the impact of each of our policies – always with a single, timeless mission in mind – to promote the good of the people of the Principality.