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Bill: Banking and Finance
Details
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 4809
Description[?]:
Legislation to liberalise the banking sector and open our economy to a new era. |
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.
Article 2
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: Charging interest on loans is illegal
Current: Banks and financial institutions charge interest on loans and are regulated
Proposed: The government has no policy on the charging of interest on loans
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: 375 | |
no |
Total Seats: 375 | |
abstain | Total Seats: 0 |
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Random quote: "There is only one difference between dictatorship and democracy. In democracy, you vote and then take orders; in dictatorship you don't waste time voting." - Joseph Stalin |