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The People’s Central Bank Act; An Act to Ammend the Central Bank and Common Currency Act
Topic Started: 6 Jul 2018, 22:17 (55 Views)
Student Loan Debt
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Smeckeldorf Boi
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The People’s Central Bank Act

Recognizing that the Central Bank and Common Currency Act (2014-02) established The People’s Central Bank of the Democratic Socialist Assembly.

Noting that the Bank is headed by a Board of Governors composed of DSA members that use the Labour Credit, of whom can vote, and members from every other nation in the DSA, of whom can't vote.

Realizing that the vast majority of DSA members do not participate in role-playing and very few would care enough to participate in the Board of Governors. None to very little activity could be done as a result of apathy.

Confused that, despite the Minister of Role-Play being required to approve the design of the Labour Credit, as well as in-game currency being such a major aspect of role-playing that the DSA Charter enumerates a Director of Trade and Commerce under the Ministry of Role Play, the Ministry of Role-Play has very little influence in the Bank with the Act placing the Bank under the jurisdiction of Ministry of Domestic Affairs.

Hereby amends Section 3.2.2, Section 3.2.3, and Section 4.3.2 of the Central Bank and Common Currency Act.

Chapter III. The People’s Central Bank
 
b. The PCB shall be governed by a Governor of the Bank. The Governor shall be appointed by the Minister of Role-Play or Director of Trade and Commerce or filled by the Minister of Role-Play or Director of Trade and Commerce.
c. The PCB shall operate autonomously from the institutions the DSA, except that the Minister of Role-Play or its designate shall exercise such oversight as is necessary to ensure that the Charter is upheld by the PCB.

And

Chapter IV. The DSA System of Central Banks
 
a. Central banks in the System shall serve as repositories and clearinghouses for reserves of Labour Credits and other reserves of such currencies, monetary instruments, and precious metals as the Governor of The Bank of the PCB shall direct.



To read the original Act, you can read it here.

Central Bank and Common Currency Act (2014-02)
Edited by Student Loan Debt, 6 Jul 2018, 22:24.
Director of Cartography 25th, 26th, and 27th Cabinet<><><><>Cabinet Aide to Ministry of Domestic Affairs 26th and 27th Cabinet
Minister of Role Play 27th Cabinet<><><><>Ambassador To The Versutian Federation (TVF)
Cabinet Aide To Ministry of Justice 27th Cabinet<><><><>Director of World Assembly Affairs 27th Cabinet
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Tiekerrick
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"Bothered to vote"
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Would it be possible to keep an aspect of the board of governors in the form of an advisory board? No true governing power but priority viewing of policy and consideration of thoughts and concerns.
Cabinet Aide To The Ministry of Role Play 27th Cabinet
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Student Loan Debt
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Smeckeldorf Boi
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Tiekerrick
7 Jul 2018, 05:49
Would it be possible to keep an aspect of the board of governors in the form of an advisory board? No true governing power but priority viewing of policy and consideration of thoughts and concerns.
I was finding it hard to think of a way to keep some aspect of the Board. However, I like your idea.
Director of Cartography 25th, 26th, and 27th Cabinet<><><><>Cabinet Aide to Ministry of Domestic Affairs 26th and 27th Cabinet
Minister of Role Play 27th Cabinet<><><><>Ambassador To The Versutian Federation (TVF)
Cabinet Aide To Ministry of Justice 27th Cabinet<><><><>Director of World Assembly Affairs 27th Cabinet
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