Kalistani Major History

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Kalistan Stock Exchange, AKA "Kalsie" launchesKALNAPECO and KALNAFERCO become first stocks listed and Ruble-Denominated
Kaliburg, Ananto
June 3, 4443


The Kalistan Stock Exchange opens on June 1, immediately lists KNP and KNF

One dream of Kalistani Nationalists came true this week as the Kalistan National Stock Exchange, (called the Kalsie in weeks leading up to the launch of the exchange) opened and listed KNP and KNF as their first two stocks.  Most importantly, both stocks were denominated for the first time in their history in Kalistani Rubles.

Finance Minister Julie Westin spoke proudly as she opened the Stock Exchange.  "Today, we will see our National Industries listed for the first time in Rubles.  It is a moment of immense pride for us.  It is only 3 years since we hit the depths of our economic panic.  We have slowly recovered, economy wide since then.  The National Industries were, in many ways insulated, but the private sector collapsed.  Well, now:  Look how far we've come, in three years.  KNP and KNF are denominated in Rubles!"

With that, Westin opened the stock exchange, with the ticker listed all National industries, as well as KMD, the high tech firm from Sulari, and several joint ventures.  Trading in the stocks was very light on the first day, but the day finished in positive territory, with the index of the Initial stocks up two-tenths of a percent.  Being denominated in Rubles is a benefit to Kalistani firms, because the transaction costs from currency exchanges are saved.  The Finance Minister noted that having a stock exchange in Kalistan means that the Government can order the suspension of trading to protect stock prices from foreign panics like the one which robbed Kalistan of years and years of economic prosperity.  If the index drops more than 15% during a single trading day, the Kalistani Government will immediately cease trading for three days, to allow the immediate panic to pass, and allow rational minds to prevail.

Most major firms in Kalistan, especially the Joint Ventures formed over the last three years, remain privately traded, but CEOs of several Kalistani companies have announced plans to list on the Kalsie.