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Bill: RP: Banking Law - Ustawa "Prawo Bankowe", Establishment of the National Bank of Valruzia
Details
Submitted by[?]: Partia Koalicji Narodowej 🔵
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: January 4248
Description[?]:
| By the virtue o this bill, the National Bank of Valruzia (Narodowy Bank Walruzji) shall be established and shall serve as the central bank of the Republic of Valruzia. The National Bank of Valruzia shall be responsible for maintaining the prices of consumer goods at a reasonable level and shall together with the Ministry of Finance, to which it is subordinate, coordinate the economic policies of the Republic. It shall serve as the sole institution authorized to issue money (fiat money) and shall do via its specialized network of Mints across the Republic of Valruzia - Valruzian Mint (Walruzyjska Mennica). The National Bank of Valruzia shall be responsible for issue regulations of other banks functioning and maintaining a record of Interbank Exchange transactions. It shall be responsible for maintaining stability and safety of the whole banking system of the Republic of Valruzia. The Council of Ministers appoints the First President of the National Bank of Valruzia after the nomination by the Minister of Finance. The First President of the National Bank of Valruzia shall serve a term of 6 years but the term may be shortened at the discretion of the Council. Logo of the National Bank of Valruzia: http://i.cubeupload.com/0AUlp6.jpg Logo of the Valruzian Mint: http://i.cubeupload.com/FCybvD.png |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
Current: All banks are privately owned.
Proposed: The government operates a central bank and all other banks are private.
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | ||||
| yes |
Total Seats: 465 | ||||
| no | Total Seats: 0 | ||||
| abstain | Total Seats: 0 |
| Random fact: "Game mechanics comes first." For example, if a currently-enforced bill sets out one law, then a player cannot claim the government has set out a contradictory law. |
| Random quote: "Politics have no relation to morals." - Niccolo Machiavelli |