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TraitΓ© de Villacourt - Usage du Franc Lourennais (LFR)
This treaty was drafted in January 5475 by the 
Parti de la Restauration National.
Status: ratification[?]
Description[?]
| This agreement is signed between the countries of the Union of Canrille and those who have decided to peg their national currencies to the Lourennais Franc, or use their currencies alongside the Lourennais Franc. π½πππ ππ§π€πͺπ£π: The treaty to expand the use and value of the Lourennais Franc is rooted in the city of Villacourt. Rildanorian settlers founded the city of Villacourt in Lourenne and quickly used it as a major trading hub during the nation's colonial era. The city of Villacourt was the top trading hub in Lourenne. Settlers began to use the silver coins instead of the Rildanorian Crown (RCR) to trade. This currency was known as the Villacourt Franc, and eventually, the Lourennais Franc. __________________________________________________________________________________________________________________________________________________________________________________________ Article 1:πΎπ§πππ©ππ€π£ - An international association to be known as the "Institut Royal du Franc" (Royal Institute of the Franc) is hereby established. - Members who adopt the Treaty of Villacourt shall be known as "Institute Members". - Members may join the Royal Institute of the Franc as long as they use the LFR as a major national currency, or peg their own currencies to the Lourennais Franc. Article 2: ππππππ©ππ«ππ¨: The principle/primary objectives of the Treaty of Villacourt shall be: - To Promote, use, and value the Lourennais Franc as a national and global currency. - To Promote the continued and balanced strength of trade and economic relations between the signatory states with fair conditions for competition, respect for domestic/respective laws and recognition of purpose. - To Promote free trade in goods, services and capital. - To Promote liberalization of free movement of persons. - To Open the public/private procurement markets of the signatory states. - To Provide fair and equal conditions for competition between the signatory states. Article 3: πππ€π£π€π’ππ ππ£π ππ£π«ππ¨π©π’ππ£π© πππ§πππ’ππ£π©π¨ π¦π²π°ππΆπΌπ» π - The Governments of The Union of Canrille and Institute Members will cooperate for productive and social investment. πππππ’π¨π§ π -The credits will be executed under the coordination of development and domestic investment institutions of Canrille and will require that the nations of Canrille open an account in such institutions and comply with the minimum requirements: - The aid international agreements will be carried out by the Ministry of Foreign Affairs or the body that it designates. - The Governments of the Empire of Canrille will commit not to seize, freeze, confiscate or close accounts of the Government of its member nations. πππππ’π¨π§ π - Nations of the Union of Canrille and Institute Members are obligated to inform other governments in the institute about the account of individuals, organisations or companies from this country in domestic banks. This information will be automatic and will not require further paperwork. πππππ’π¨π§ π - Both countries agree not to expropriate, close, liquidate transnational companies (based in the other signatory country) for a minimum of 10 years since the original investment, or expansion about 15% and to avoid these practices with these companies. πππππ’π¨π§ π - For the resolution of any disputes between companies and the host countries, the signatory nations accept to recognise to the investors the right: - to demand and carry out friendly consultations between the parties. - to apply to the judiciary of the host nations if the friendly consultations failed. - to submit to international arbitration the dispute after 18 months from the beginning of the dispute process. Article 4 - π½ππ‘ππ©ππ§ππ‘ π©π§πππ πππ§πππ’ππ£π©π¨ π¦π²π°ππΆπΌπ» π - The members of the Union of Canrille and Institute Members both guarantee the free movement (including the exemption from taxes, duty and fees) of these products or services provided by companies of all origins: __________________________________________________________________________________________________________________________________________________________________________________________ WITHDRAWAL: A Withdrawal from the Treaty of Villacourt must be stated 1 year before an official bill is passed as to reintroduce new currencies and to avoid economic damage to respective economies. |
Articles[?]
The treaty consists of the following articles.
Ratifiers[?]
The treaty has been formally ratified by the following nations.
| Nation | Date |
| Jumhuriat al-Badara (Badara) | September 5490 |
| Moledet Medinat (Beiteynu) | January 5488 |
| Federacijam Xalkii Ozodi Aldegor (Aldegar) | December 5487 |
| Royaume Uni de Lourenne (Lourenne) | October 5487 |
Pending Ratifications
Compliance[?]
The treaty contains no articles that can be verified.
Ratification
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Ratification Map
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