Factbook of the Republic of Lemenia

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Motto:- Audemus jura nostra defendere/ We dare defend our rights!

BACKGROUND

 
History: Wip

Today: Lemenia is a sparsely populated country with an economy heavily dependent on oil, gas and raw materials. It is a presidential republic with a separation of powers between the three branches of government. Having such vast natural resources, very little population and a republican form of government has made the Lemenian government suspicious of the world powers of Mundus and especially its Western neighbor. 

Government Type:- Presidential Republic

Population:-:- 700 thousand

Capital City:- Kodiak

Demonym:- Lemenian

 

ECONOMY

 

Currency:- Lemenian Dollar

GDP per Capita:- $65,000

Unemployment Rate:- 5%

Main economic sectors:- oil and gas, mineral industry , phishing, ship construction, tourism, lumber industry,

 

PEOPLE

 
Official Language: English
Recognized minority languages: None

 Spoken languages: 85% -English, 15% other.

Religions:- 75% Christianity, 25 % other.

 

GOVERNMENT

 
Head of State and Head of Government:- President Henry Glass

Name of Legislative Body:- 20 member Senate (unicameral)

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Politics of Lemenia

Lemenia is a unitary republic with a separation of powers between the legislative, executive and judiciary branches of government. The President names his cabinet members and they serve at his discretion.  Elections follow the first past the pole system.

There are two major parties competing in elections: the Liberal Party(L) and the Conservative Party(C)

President of the Republic, Henry Glass (C)

Senator Thomas Smith (C), Conservative Party leader



Senator Carla Johnson (L), Liberal Party leader

Current distribution of Senate seats: 14 Conservative Party Senators and 6 Liberal Party Senators.

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The Lemenia Permanent Fund (LPF)

LPF is the sovereign fund of Lemenia. Established under the constitution of Lemenia in the early 60s, the fund receives approx. 25% of all government revenues from natural resources. Since 1995 the fund also distributes dividends to all citizens of the Republic based on formula established by law. The fund current assets are 120 bln usd, almost three times the size of the GDP of the Republic.

Because of declining revenues from oil and gas, the senate is considering abolishing the dividends given to citizens and instead using that money to fund the government. The average yearly dividend given to citizens in the last three years had been 3 thousand dollars (2.1 bln usd).