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| Central Bank and Common Currency Act Amendment of 2018 | |
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| Tweet Topic Started: 27 Apr 2018, 00:25 (87 Views) | |
| 124mm10 | 27 Apr 2018, 00:25 Post #1 |
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President & WA Delegate
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Central Bank and Common Currency Act Amendment of 2018 The purpose of this amendment to the Central Bank and Common Currency Act is to introduce a new denomination of bill for our regional currency the Labor Credit. This bill will amend Section 2.3 Clause 1 of the aforementioned Act, to include language listing the new denomination. The current text of Section 2.3 Clause 1 of the Act is as follows,
The revised text of the previously cited Clause would now be as follows.
Discussion will last from now until May 3rd at 12:30 AM GMT, and will move to a vote upon completion. Edited by 124mm10, 27 Apr 2018, 00:31.
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Former Ambassador to the Social Liberal Union Interim Minister of Foreign Affairs for the 25th Cabinet Minister of Foreign Affairs for the 26th Cabinet Secretary-General for the 26th Cabinet President and World Assembly Delegate for the 26th and 27th Cabinets | |
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| Ivory Rhodes | 27 Apr 2018, 00:35 Post #2 |
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Administrator Emeritus
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I surprisingly have no quarrels with this. |
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President of the 21st, 22nd, 23rd, 24th, 25th, and 26th Cabinets Secretary General of the 24th Interim Cabinet Minister of Roleplay of the 17th, 18th, and 19th Cabinets | |
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| Gribelt | 27 Apr 2018, 00:47 Post #3 |
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Secretary-General
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I must question the need for the .05 coin, if we are amending the act perhaps we should reduce the physical currency to one decimal point? We don't have the .01 coin and without a .25 coin it would greatly simplify the currency without a huge loss in granularity. |
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| Dekks | 27 Apr 2018, 15:23 Post #4 |
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Legislative Posadist
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Firstly a question if this a role play thing or some optional thing. Secondly, i agree with gribelt but i must add that the 1 and 2 coins be made into bills as coins cost more to make than their actual worth or something |
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| 124mm10 | 27 Apr 2018, 18:20 Post #5 |
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President & WA Delegate
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In response to Dekks, whether you use the Labour Credit or not is entirely optional and up to each individual nation. Also yes it is technically part of the regional roleplay through it rarely comes up. The reason for the 1 and 2 credit coins is the same logic as the 1 and 2 euro coins and 1 and 2 pound coins. These denominations are the most commonly used of the nondecimal amounts and so paper versions of them would wear out quite quickly and need to be replaced frequently while coins can stay in circulation for decades. In response to Gribelt, in all honesty, I am not sure about this and will need to take time to think it over. In response to Ivory, thank you. Edited by 124mm10, 27 Apr 2018, 18:20.
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Former Ambassador to the Social Liberal Union Interim Minister of Foreign Affairs for the 25th Cabinet Minister of Foreign Affairs for the 26th Cabinet Secretary-General for the 26th Cabinet President and World Assembly Delegate for the 26th and 27th Cabinets | |
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12:15 AM Jul 11