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Bill: Currency Regulation Act
Details
Submitted by[?]: Mordusian Worker's Party
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: September 3533
Description[?]:
| Fearing a collapse of the Mordusian Denarius in the near or far future due to very limited regulation of inflation or exchange rates, this act seeks to implement a secure safeguard for controlling the flow of currency within the nation. By doing so, we can maintain reasonable prices for goods and make sure inflation does not hinder the lives of our people |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: The government operates a central bank and all other banks are private.
Proposed: The government operates a central bank and all other banks are private.
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 allowed to float, but the government is permitted to intervene when necessary.
Proposed: The exchange rate of the national currency is kept within a defined band of fluctuation.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 20 | ||
| no | Total Seats: 43 | ||
| abstain | Total Seats: 36 |
| Random fact: Parties have the ability to endorse another party's candidate for the Head of State election (if there is one). This adds a strategic element to the elections. |
| Random quote: "If homosexuality is a disease, let's all call in queer to work. 'Hello. Can't work today; still queer.'" - Robin Tyler |