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Bill: The Central Bank Reinstatement Act
Details
Submitted by[?]: Conservative Party (Hardliners)
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: November 5105
Description[?]:
| Luthori's economic system is the unregulated laissez-faire, the LCB (Luthorian Central Bank) was dissolved by a law passed by the Imperial Diet, this was the symbol of a laissez-faire which took more place in the economy, the Central Bank functioned well, but the Diet, by a vote, decided that it would not be necessary any more, the LCB was that which regulated the exchange rate, which printed the currency and regulated the Markets. For Luthori to regain economic stability, the LCB must be put back into service to resume its role ! |
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.
Debate
These messages have been posted to debate on this bill:
| Date | 23:54:24, April 16, 2022 CET | From | Ein Hunain 🧭 | To | Debating the The Central Bank Reinstatement Act |
| Message | We are open to evaluate the need for a central bank. We do not want this economic crisis to be an excuse for drastic monetary policy changes. We believe that introducing these types of reforms will contribute to the unstable situation. Joanne Temple, candidate for the ministry of finance |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 137 | ||||
| no |
Total Seats: 163 | ||||
| abstain | Total Seats: 0 |
| Random fact: For more information on Particracy's former colonial nations, check out http://forum.particracy.net/viewtopic.php?f=5&t=6640 |
| Random quote: "If God had wanted us to vote, he would have given us candidates." - Jay Leno |