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Bill: Establishment of Central Bank
Details
Submitted by[?]: Keymon Royalist Party
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: October 3628
Description[?]:
| This legislation calls for the establishment of a central bank for the island. The institution shall be called the Royal Bank of Keymon. The bank will regulate the Keymon Dollar and national interest rates. A twelve-person committee consisting of eleven representatives and one bank chairman will be appointed by the government when the bill passes. Candidates will be nominated in a successive bill. All boardmembers will be government-appointed officials within the Ministry of Finance. The chairperson of the board will be appointed by a special act of the Legislative Council. Their tenure will be for seven years. |
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.
Debate
These messages have been posted to debate on this bill:
| Date | 01:40:29, February 26, 2014 CET | From | Free Republic Party | To | Debating the Establishment of Central Bank |
| Message | we will support this |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 75 | ||
| no | Total Seats: 0 | ||
| abstain | Total Seats: 0 |
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