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Bill: Exchange Rate Reform
Details
Submitted by[?]: Minarchist League of Rutania
Status[?]: defeated
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: May 3521
Description[?]:
Government intervention is not necessary. |
Proposals
Article 1
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 allowed to float, but the government is permitted to intervene when necessary.
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:
Date | 21:00:45, July 25, 2013 CET | From | Capitalist Working Families | To | Debating the Exchange Rate Reform |
Message | Mr. Speaker, The National Currency is the GAUGE of the strength of the economy as a WHOLE. If the currency FLOUNDERS due to excessive INFLATION (or PROFIT deflation), the Government has a PUBLIC INTEREST in intervening to prop up the currency. In normal times, current law does NOT allow the government to regulate the exchange rate. --CWFP Spokesman |
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Voting
Vote | Seats | ||||||
yes | Total Seats: 106 | ||||||
no |
Total Seats: 449 | ||||||
abstain | Total Seats: 0 |
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