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Bill: 6/4423 VA 111: National Bank & Currency Regulation Act
Details
Submitted by[?]: Vereinigte Bürgerschaft Dundorfs
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: February 4424
Description[?]:
| To stimulate investments but also to regulate the financial side of the economy these proposed measures are an essential part of reforming the economy by this NKP-VBD Government. Therefore, we are allowing private banks with having an independent Central Bank to control it. Frank Masterschaft Minister of Finance |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: The government operates and owns all banks.
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 Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the Ministry of Finance.
Current: The government appoints the head of the central bank and an executive board to manage the central bank and can interfere with its operations.
Proposed: The central bank is an entirely independent agency of the government.
Article 3
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, but the government is permitted to intervene when necessary.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||
| yes |
Total Seats: 486 | |||
| no | Total Seats: 194 | |||
| abstain | Total Seats: 70 |
| Random fact: The grey space in the east is populated by the forum-based countries, known in-game as the former colonies or the "Third World". These countries are managed by the Third World Coordinator but players can request control of individual countries in the Third World Control Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=8302 |
| Random quote: "We do not inherit the earth from our ancestors; we borrow it from our children." - Native American proverb |