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Bill: National Currency Revitalization Act
Details
Submitted by[?]: Conservative Constitutional Unity Party
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: January 5138
Description[?]:
| Inflation as of May 5137: 8.32% (increasing .72% per month) Exchange Rate: 1 LIK = .23 USD (LIK has fallen 3.51% this year) |
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 kept within a defined band of fluctuation.
Debate
These messages have been posted to debate on this bill:
| Date | 08:09:03, June 20, 2022 CET | From | Conservative Constitutional Unity Party | To | Debating the National Currency Revitalization Act |
| Message | Stopping rapid volatility will create a more manageable economy that also creates stability so that the government can work on economic growth and less on high prices. |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 177 | ||
| no | Total Seats: 238 | ||
| abstain |
Total Seats: 55 |
| Random fact: Any RP law granting extraordinary "emergency powers" or dictator-like powers to a government must be passed by at least a 2/3rds majority, but (like all RP laws) may always be overturned by a simple majority vote of the legislature. |
| Random quote: "In our age, there is no such thing as 'keeping out of politics.' All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia." - George Orwell |