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Bill: Reforming the Policy on Foreign Exchange Rate (II)
Details
Submitted by[?]: Gran Partido Nacional
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: March 4484
Description[?]:
| Removing government intervention from the foreign exchange rate will ensure it is responsive and prevented unexpected economic impacts. Andre Saintilus, Leader of the Grand National Party |
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 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:
| Date | 16:13:11, November 11, 2018 CET | From | Gaduridos Progressive Movement | To | Debating the Reforming the Policy on Foreign Exchange Rate (II) |
| Message | Removing the governments power in the exchange rate will remove any protection from "unexpected economic impacts" to our currency. We need the government to be able to intervene for the moments when our exchange rate may endanger our economy. |
| Date | 16:14:06, November 11, 2018 CET | From | Brethrenist Party of Gaduridos (PHdG) | To | Debating the Reforming the Policy on Foreign Exchange Rate (II) |
| Message | The PHdG would err on the side of the free exchange of currency, and would argue that attempts to intervene in the currency market is a distortion. If the value of the currency begins to fall based on external manipulation of the market, however, the Brethrenists would like the Government to be able to step in to protect the poor from hyper inflation. Therefore we would oppose this bill if we had seats. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 40 | ||||
| no |
Total Seats: 296 | ||||
| abstain | Total Seats: 164 |
| Random fact: In general, role-play requires the consent of all players. |
| Random quote: "You don't have to explain something you never said." - Calvin Coolidge |