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Bill: Exchange Rate Reform
Details
Submitted by[?]: Resistance (مناهضة)
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 4218
Description[?]:
| We propose to abolish the current fixed exchange rate mechanism, in favour of allowing the currency price of KAF to fluctuate based on market forces. This will help to insulate Kafuristan from economic instability abroad in future. |
Proposals
Article 1
Proposal[?] to change Exchange rate regime
Old value:: The exchange rate of the national currency is fixed by the government.
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:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | ||
| yes | Total Seats: 0 | ||
| no | Total Seats: 380 | ||
| abstain | Total Seats: 0 |
| 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: "The Religious Right dislikes both abortions and homosexuality. But who has fewer abortions than gays?" - George Carlin |