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Bill: Central Bank of Solentia Act of 4615
Details
Submitted by[?]: New Democratic Alliance
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: December 4624
Description[?]:
| Solentia needs a central bank to control monetary policy for the country. It should be headed by an independent Governor appointed by the government charged with ensuring day-to-day currency controls and ensuring that our inflation rate is low, stable and predictable to ensure certainty in governmental fiscal policymaking. |
Proposals
Article 1
Proposal[?] to change The banking system.
Old value:: All banks are privately owned.
Current: All banks are privately owned.
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 an entirely independent agency of the government.
Current: The central bank is an entirely independent agency of the government.
Proposed: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Debate
These messages have been posted to debate on this bill:
| Date | 07:56:47, August 08, 2019 CET | From |  New Democratic Alliance | To | Debating the Central Bank of Solentia Act of 4615 |
| Message | If anyone has any questions, please feel free to ask. |
| Date | 13:16:24, August 12, 2019 CET | From | New Democrats on the block | To | Debating the Central Bank of Solentia Act of 4615 |
| Message | Our party is not convinced this is necessary. |
| Date | 05:19:20, August 23, 2019 CET | From | New Democratic Alliance | To | Debating the Central Bank of Solentia Act of 4615 |
| Message | There needs to be government control of monetary policy. And on top of that, making a central bank with other private banks operating would make the production of money easier and more centralized. If we have a situation where individual banks issue their own bills, those banks might just print more money, and thus inflation would begin to rise. It would also be safer, as banknotes would be more difficult to counterfeit due to more stringent security measures. |
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Voting
| Vote | Seats | |||
| yes | Total Seats: 0 | |||
| no | Total Seats: 0 | |||
| abstain | Total Seats: 344 |
| Random fact: The players in a nation have a collective responsibility to ensure their "Bills under debate" section is kept in good order. Bills which are irrelevant or have become irrelevant should be deleted. Deletion can be requested for bills proposed by inactive parties on the Bill Clearout Requests thread: http://forum.particracy.net/viewtopic.php?f=11&t=4363 |
| Random quote: "I envy you. You North Americans are very lucky. You are fighting the most important fight of all, you live in the heart of the beast." - Che Guevara |