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Bill: Central bank act
Details
Submitted by[?]: Aurora Libertatis
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: September 3462
Description[?]:
| Upon the passing of this act, the Pontesian Central Bank shall be abolished. The Selucian-Pontesi Imperial National Bank (SINB) shall take over it's duties. The PON will remain the legal tender in the Union, but governmental bodies will have the duty to provide increased opportunities for those wanting to use the Selucian Nikan (SEN) in the Union. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates a central bank and all other banks are private.
Current: The government operates large, national banks, but small community based private banks are allowed.
Proposed: All banks are privately owned.
Article 2
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is allowed to float, but the government is permitted to intervene when necessary.
Current: The exchange rate of the national currency is kept within a defined band of fluctuation.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes |
Total Seats: 237 | ||
| no | Total Seats: 168 | ||
| abstain | Total Seats: 0 |
| Random fact: If you are likely to be logging in to Particracy with the same IP address as another player with an active account, please inform Moderation on the forum. Otherwise your account could be inactivated on suspicion of multi-accounting. |
| Random quote: "The main problem of the left is that it has been traditionally divided and unable to reach agreements between different leftist views, whilst the right has almost always moved in the same direction by giving concessions to different rightist points of view." - Aelius Celer, former Selucian politician |