diff --git a/x/bank/simulation/genesis.go b/x/bank/simulation/genesis.go
index de45fe2ab9..c1209ed4df 100644
--- a/x/bank/simulation/genesis.go
+++ b/x/bank/simulation/genesis.go
@@ -13,8 +13,8 @@ import (
 )
 
 var (
-	testSupplyVal, _     = sdk.NewIntFromString("1000000000000000000")
-	AdditionalTestSupply = sdk.NewCoins(
+	testSupplyVal, _                = sdk.NewIntFromString("1000000000000000000")
+	AdditionalTestBalancePerAccount = sdk.NewCoins(
 		sdk.NewCoin("denom0", testSupplyVal),
 		sdk.NewCoin("denom1", testSupplyVal),
 		sdk.NewCoin("denom2", testSupplyVal),
@@ -51,17 +51,14 @@ func RandomGenesisBalances(simState *module.SimulationState) []types.Balance {
 	genesisBalances := []types.Balance{}
 
 	for _, acc := range simState.Accounts {
+		coins := sdk.NewCoins(sdk.NewCoin(sdk.DefaultBondDenom, sdk.NewInt(simState.InitialStake)))
+		coins.Add(AdditionalTestBalancePerAccount...)
 		genesisBalances = append(genesisBalances, types.Balance{
 			Address: acc.Address.String(),
-			Coins:   sdk.NewCoins(sdk.NewCoin(sdk.DefaultBondDenom, sdk.NewInt(simState.InitialStake))),
+			Coins:   coins,
 		})
 	}
 
-	if len(genesisBalances) > 0 {
-		nb := genesisBalances[0].Coins.Add(AdditionalTestSupply...)
-		genesisBalances[0].Coins = nb
-	}
-
 	return genesisBalances
 }
 
@@ -82,7 +79,10 @@ func RandomizedGenState(simState *module.SimulationState) {
 	numAccs := int64(len(simState.Accounts))
 	totalSupply := sdk.NewInt(simState.InitialStake * (numAccs + simState.NumBonded))
 
-	supply := AdditionalTestSupply.Add(sdk.NewCoin(sdk.DefaultBondDenom, totalSupply))
+	supply := sdk.NewCoins(sdk.NewCoin(sdk.DefaultBondDenom, totalSupply))
+	for _, b := range AdditionalTestBalancePerAccount {
+		supply.Add(sdk.NewCoin(b.Denom, b.Amount.MulRaw(numAccs)))
+	}
 
 	bankGenesis := types.GenesisState{
 		Params: types.Params{
diff --git a/x/bank/simulation/genesis_test.go b/x/bank/simulation/genesis_test.go
index a3f7ff385a..2632450c62 100644
--- a/x/bank/simulation/genesis_test.go
+++ b/x/bank/simulation/genesis_test.go
@@ -44,7 +44,12 @@ func TestRandomizedGenState(t *testing.T) {
 	require.Len(t, bankGenesis.Balances, 3)
 	require.Equal(t, "cosmos1ghekyjucln7y67ntx7cf27m9dpuxxemn4c8g4r", bankGenesis.Balances[2].GetAddress().String())
 	require.Equal(t, "1000stake", bankGenesis.Balances[2].GetCoins().String())
-	expectedSupply := simulation.AdditionalTestSupply.Add(sdk.NewCoin(sdk.DefaultBondDenom, sdk.NewInt(6000)))
+
+	numAccs := int64(len(simState.Accounts))
+	expectedSupply := sdk.NewCoins(sdk.NewCoin(sdk.DefaultBondDenom, sdk.NewInt(6000)))
+	for _, b := range simulation.AdditionalTestBalancePerAccount {
+		expectedSupply.Add(sdk.NewCoin(b.Denom, b.Amount.MulRaw(numAccs)))
+	}
 	require.Equal(t, expectedSupply.String(), bankGenesis.Supply.String())
 }
 
diff --git a/x/mint/cache/municipal_inflation_cahe.go b/x/mint/cache/municipal_inflation_cahe.go
index dfc82bd15a..a52c377b3a 100644
--- a/x/mint/cache/municipal_inflation_cahe.go
+++ b/x/mint/cache/municipal_inflation_cahe.go
@@ -1,7 +1,7 @@
 package cache
 
 import (
-	"sync"
+	"sync/atomic"
 
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	"github.com/cosmos/cosmos-sdk/x/mint/types"
@@ -12,11 +12,14 @@ type MunicipalInflationCacheItem struct {
 	AnnualInflation   *types.MunicipalInflation
 }
 
-type MunicipalInflationCache struct {
+type MunicipalInflationCacheInternal struct {
 	blocksPerYear uint64
 	original      *[]*types.MunicipalInflationPair
 	inflations    map[string]*MunicipalInflationCacheItem // {denom: inflationPerBlock}
-	mu            sync.RWMutex
+}
+
+type MunicipalInflationCache struct {
+	internal atomic.Pointer[MunicipalInflationCacheInternal]
 }
 
 // GMunicipalInflationCache Thread safety:
@@ -32,41 +35,38 @@ type MunicipalInflationCache struct {
 var GMunicipalInflationCache = MunicipalInflationCache{}
 
 func (cache *MunicipalInflationCache) Refresh(inflations *[]*types.MunicipalInflationPair, blocksPerYear uint64) {
-	cache.mu.Lock()
-	defer cache.mu.Unlock()
-
-	cache.refresh(inflations, blocksPerYear)
+	newCache := MunicipalInflationCacheInternal{}
+	newCache.refresh(inflations, blocksPerYear)
+	cache.internal.Store(&newCache)
 }
 
+// RefreshIfNecessary
+// IMPORTANT: Assuming *NO* concurrent writes, designed with emphasis for concurrent reads. This requirement
+// guaranteed, since this method is called exclusively from call contexts which are never concurrent.
+// This approach will guarantee the most possible effective cache operation in heavily concurrent
+// read environment with minimum possible blocking for concurrent read operations, but with slight
+// limitation for write operations (there should not be concurrent write operations).
+// Most of the read operations are assumed to be done from RPC (querying municipal inflation).
 func (cache *MunicipalInflationCache) RefreshIfNecessary(inflations *[]*types.MunicipalInflationPair, blocksPerYear uint64) {
-	cache.mu.Lock()
-	defer cache.mu.Unlock()
-
-	cache.refreshIfNecessary(inflations, blocksPerYear)
-}
-
-func (cache *MunicipalInflationCache) IsRefreshRequired(blocksPerYear uint64) bool {
-	cache.mu.RLock()
-	defer cache.mu.RUnlock()
-	return cache.isRefreshRequired(blocksPerYear)
+	current := cache.internal.Load()
+	if current.isRefreshRequired(blocksPerYear) {
+		cache.Refresh(inflations, blocksPerYear)
+	}
 }
 
 func (cache *MunicipalInflationCache) GetInflation(denom string) (MunicipalInflationCacheItem, bool) {
-	cache.mu.RLock()
-	defer cache.mu.RUnlock()
-	infl, exists := cache.inflations[denom]
+	current := cache.internal.Load()
+	infl, exists := current.inflations[denom]
 	return *infl, exists
 }
 
 func (cache *MunicipalInflationCache) GetOriginal() *[]*types.MunicipalInflationPair {
-	cache.mu.RLock()
-	defer cache.mu.RUnlock()
-	// NOTE(pb): Mutex locking might not be necessary here since we are returning by pointer
-	return cache.original
+	current := cache.internal.Load()
+	return current.original
 }
 
 // NOTE(pb): *NOT* thread safe
-func (cache *MunicipalInflationCache) refresh(inflations *[]*types.MunicipalInflationPair, blocksPerYear uint64) {
+func (cache *MunicipalInflationCacheInternal) refresh(inflations *[]*types.MunicipalInflationPair, blocksPerYear uint64) {
 	if err := types.ValidateMunicipalInflations(inflations); err != nil {
 		panic(err)
 	}
@@ -89,13 +89,6 @@ func (cache *MunicipalInflationCache) refresh(inflations *[]*types.MunicipalInfl
 }
 
 // NOTE(pb): *NOT* thread safe
-func (cache *MunicipalInflationCache) refreshIfNecessary(inflations *[]*types.MunicipalInflationPair, blocksPerYear uint64) {
-	if cache.isRefreshRequired(blocksPerYear) {
-		cache.refresh(inflations, blocksPerYear)
-	}
-}
-
-// NOTE(pb): *NOT* thread safe
-func (cache *MunicipalInflationCache) isRefreshRequired(blocksPerYear uint64) bool {
+func (cache *MunicipalInflationCacheInternal) isRefreshRequired(blocksPerYear uint64) bool {
 	return cache.blocksPerYear != blocksPerYear
 }
diff --git a/x/mint/genesis.go b/x/mint/genesis.go
index be7ac61d50..6a1eb3050d 100644
--- a/x/mint/genesis.go
+++ b/x/mint/genesis.go
@@ -2,12 +2,14 @@ package mint
 
 import (
 	sdk "github.com/cosmos/cosmos-sdk/types"
+	"github.com/cosmos/cosmos-sdk/x/mint/cache"
 	"github.com/cosmos/cosmos-sdk/x/mint/keeper"
 	"github.com/cosmos/cosmos-sdk/x/mint/types"
 )
 
 // InitGenesis new mint genesis
 func InitGenesis(ctx sdk.Context, keeper keeper.Keeper, ak types.AccountKeeper, data *types.GenesisState) {
+	cache.GMunicipalInflationCache.Refresh(&data.Minter.MunicipalInflation, data.Params.BlocksPerYear)
 	keeper.SetMinter(ctx, data.Minter)
 	keeper.SetParams(ctx, data.Params)
 	ak.GetModuleAccount(ctx, types.ModuleName)
diff --git a/x/mint/simulation/genesis.go b/x/mint/simulation/genesis.go
index 783cc1d886..b0692f6122 100644
--- a/x/mint/simulation/genesis.go
+++ b/x/mint/simulation/genesis.go
@@ -5,9 +5,10 @@ package simulation
 import (
 	"encoding/json"
 	"fmt"
-	"github.com/cosmos/cosmos-sdk/x/bank/simulation"
 	"math/rand"
 
+	"github.com/cosmos/cosmos-sdk/x/bank/simulation"
+
 	sdk "github.com/cosmos/cosmos-sdk/types"
 	"github.com/cosmos/cosmos-sdk/types/module"
 	"github.com/cosmos/cosmos-sdk/x/mint/types"
@@ -33,9 +34,9 @@ func GenInflationRate(r *rand.Rand) sdk.Dec {
 func GenMunicipalInflation(simState *module.SimulationState) []*types.MunicipalInflationPair {
 	r := simState.Rand
 
-	coins := make([]*sdk.Coin, len(simulation.AdditionalTestSupply))
-	for i := 0; i < len(simulation.AdditionalTestSupply); i++ {
-		coins[i] = &simulation.AdditionalTestSupply[i]
+	coins := make([]*sdk.Coin, len(simulation.AdditionalTestBalancePerAccount))
+	for i := 0; i < len(simulation.AdditionalTestBalancePerAccount); i++ {
+		coins[i] = &simulation.AdditionalTestBalancePerAccount[i]
 	}
 
 	len_ := r.Intn(len(coins) + 1)
@@ -44,7 +45,8 @@ func GenMunicipalInflation(simState *module.SimulationState) []*types.MunicipalI
 		lenCoins := len(coins)
 		lastIdx := lenCoins - 1
 		rndIdx := r.Intn(lenCoins)
-		fmt.Println(">>>>>>>>>>>>>>>", coins, "rndIdx:", rndIdx)
+
+		// Swapping rndIdx element with the last element in the slice and cuttig slice without last element
 		c := coins[rndIdx]
 		coins[rndIdx] = coins[lastIdx]
 		coins = coins[:lastIdx]