Stock market crashes in Gwlad Emrys, run on banks leaves economy on brink of collapse

The President has tonight attempted to calm the public after the banks reopened, causing mass panic to withdraw money.

The banks reopened on the 16th of January after more than 6 months of closure due to the global war. However the 28% interest rates by the government has been blamed for causing the mass panic.

The pound has crashed to its lowest ever level against the Orbis Dollar (1: 0.01638).

The President made a statement tonight in an attempt to calm the nation:

"I have made the decision to reopen the banks. This does not mean that the banks are unsafe for investments.... quite the opposite. We have reopened the banks because we believe the troubles of the past few months are behind us, because we anticipate growth.

I maintain my pledge to lower interest rates to less than 10% before the end of the year.

The best way to ensure this is to stay calm and let the banks do its work. Please stay calm.

Thank you and goodnight"

This speech had no effect on the pound.