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Bill: Free Floating Exchange Rate Bill
Details
Submitted by[?]: Court of Shades
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: July 3852
Description[?]:
| The use of a "dirty float" (the practice of interfering with a floating exchange rate) weakens Lodamun's Economy as it can potentially introduce distortions in the import/export market. This reduces business confidence. While having a dirty float does appear to have some benefits, the reality is that governments cannot change market behaviours and can only create distortions. Therefore the Shadow Alliance proposes: |
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 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: 252 | |||
| no | Total Seats: 347 | |||
| abstain |
Total Seats: 0 |
| Random fact: Real-life organisations should not be referenced in Particracy, unless they are simple and generic (eg. "National Organisation for Women" is allowed). |
| Random quote: "Don't blow it, good planets are hard to find." - Quoted in Time Magazine |