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Bill: D.d.I 09/4870 Financial and Monetary Policy Act
Details
Submitted by[?]: Partito Nazionale Istaliano
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: July 4872
Description[?]:
| Hon. Members of the Assembly, The aim of this act is to gain national and international trust in our financial sustem and institutions and will lead to more investments in our nation. Sano Lagani, Minister of Finance |
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, and the government does not intervene at all.
Proposed: The exchange rate of the national currency is allowed to float, and the government does not intervene at all.
Article 2
Proposal[?] to change Policy on the charging and collection of interest on loans
Old value:: The central bank determines the policy on charging interest on loans (if one exists)
Current: The central bank determines the policy on charging interest on loans (if one exists)
Proposed: Banks and financial institutions charge interest on loans and are unregulated
Article 3
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: 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.
Current: The central bank is an entirely independent agency of the government.
Proposed: The central bank is an entirely independent agency of the government.
Article 4
Proposal[?] to change Reserve requirements for bank loans
Old value:: There is a fractional reserve requirement for bank loans.
Current: There is a fractional reserve requirement for bank loans.
Proposed: Local governments decide policies on bank loan reserve requirements.
Debate
These messages have been posted to debate on this bill:
| Date | 13:36:11, January 02, 2021 CET | From | Partito Democratico Nazionale 💠| To | Debating the D.d.I 09/4870 Financial and Monetary Policy Act |
| Message | The crooked stooges of the hidden hideous Mafia are now revealing their true faces (Yayyy other Members chant along), We will make sure that they face the music & this devious minister will not be let go of his actions. Maria Schwartz, MP |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 353 | ||||
| no |
Total Seats: 278 | ||||
| abstain |
Total Seats: 50 |
| Random fact: Moderation will not implement nation renaming requests where the proposed name does not comply with the requirements set out in the Nation Renaming Guide: http://forum.particracy.net/viewtopic.php?f=11&t=6364 |
| Random quote: "The answer to global warming is in the abolition of private property and production for human need. A socialist world would place an enormous priority on alternative energy sources. This is what ecologically-minded socialists have been exploring for quite some time now." - Louis Proyect |