Difference between revisions of "Law:The Talossan Monetary Policy Reform Act"

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(Created page with "WHEREAS Talossa wants coins as a symbol of the nation, and WHEREAS the laws of the United States prohibit the making, uttering, or passing any coins of any metal or alloys of...")
 
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WHEREAS Talossa wants coins as a symbol of the nation, and
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|status= {{LawStatusActive}}
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|sponsor= [[Glüc da Dhi]]
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|law1=
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|Dlaw1= [[El Lexhatx]], Title B
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====46RZ20, The Talossan Monetary Policy Reform Act====
 +
'''WHEREAS''' Talossa wants coins as a symbol of the nation, and
  
WHEREAS the laws of the United States prohibit the making,
+
'''WHEREAS''' the laws of the United States prohibit the making,
 
uttering, or passing any coins of any metal or alloys of metals, even
 
uttering, or passing any coins of any metal or alloys of metals, even
 
of original design, intended for use as current money, and
 
of original design, intended for use as current money, and
  
WHEREAS the Talossan responsible for producing the coins is
+
'''WHEREAS''' the Talossan responsible for producing the coins is
 
resident in the United States and would like to be in compliance with
 
resident in the United States and would like to be in compliance with
 
that law, now
 
that law, now
  
THEREFORE we, the Ziu, hereby enact the following replacements
+
'''THEREFORE''' we, the Ziu, hereby enact the following replacements
for subsections 1 through 7 of Title C, Section 7 of the Lexhatx:
+
for '''subsections 1 through 7 of Title C, Section 7 of the Lexhatx''':
  
7.1. Base Unit of Account. The base unit of account for the Kingdom of
+
:''7.1. Base Unit of Account. The base unit of account for the Kingdom of
 
Talossa is hereby established and styled the "BENT." The plural of the
 
Talossa is hereby established and styled the "BENT." The plural of the
 
bent is "BENCE." Convenient shortenings such as "tubbence" and
 
bent is "BENCE." Convenient shortenings such as "tubbence" and
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$0.025 in the currency of the United States of America.
 
$0.025 in the currency of the United States of America.
  
7.2. Second Unit of Account. A second unit of account, which shall
+
:''7.2. Second Unit of Account. A second unit of account, which shall
 
have the fixed denomination of sixty (60) bence, is hereby established
 
have the fixed denomination of sixty (60) bence, is hereby established
 
and styled the "LOUIS," which shall also be officially recognised by
 
and styled the "LOUIS," which shall also be officially recognised by
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forth.
 
forth.
  
7.2.1. The commonly-used symbols ℓ and ¤ shall be officially adopted
+
::''7.2.1. The commonly-used symbols ℓ and ¤ shall be officially adopted
 
for the louis and bent, respectively, and these symbols shall be used
 
for the louis and bent, respectively, and these symbols shall be used
 
in accordance with common practice: ¤ to be used as a separator of the
 
in accordance with common practice: ¤ to be used as a separator of the
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placing the symbol to the left of the amount.
 
placing the symbol to the left of the amount.
  
7.3. Creation and Issuance of Collectable Tokens. The Royal Bank &
+
:''7.3. Creation and Issuance of Collectable Tokens. The Royal Bank &
 
Post is exclusively authorised to design, cause to be created, issue,
 
Post is exclusively authorised to design, cause to be created, issue,
 
and distribute collectable tokens (colloquially "coinage", though they
 
and distribute collectable tokens (colloquially "coinage", though they
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sees fit.
 
sees fit.
  
7.3.1 Current Token Design. The first issue of Talossan collectable
+
::''7.3.1 Current Token Design. The first issue of Talossan collectable
 
tokens ("coins") shall have, on the obverse, the Chinese character
 
tokens ("coins") shall have, on the obverse, the Chinese character
 
"ben" upon a shield, with a crown above the shield; above the crown
 
"ben" upon a shield, with a crown above the shield; above the crown
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a large "ℓ1", and the inscription "VIENS LUÏÇ".
 
a large "ℓ1", and the inscription "VIENS LUÏÇ".
  
7.4. Talossan Currency. The currency of the Kingdom of Talossa shall
+
:''7.4. Talossan Currency. The currency of the Kingdom of Talossa shall
 
be beer, which has been, and continues to be, thankfully and
 
be beer, which has been, and continues to be, thankfully and
 
conveniently distributed worldwide.
 
conveniently distributed worldwide.
  
7.5 Provisions Against Counterfeit Currency. The Royal Bank & Post
+
:''7.5 Provisions Against Counterfeit Currency. The Royal Bank & Post
 
shall take care to be clear that non-alcoholic "beer" is, in fact, not
 
shall take care to be clear that non-alcoholic "beer" is, in fact, not
 
beer at all, and thus is not currency. Official terminology is hereby
 
beer at all, and thus is not currency. Official terminology is hereby
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to be called "Afflecks" or "Hills."
 
to be called "Afflecks" or "Hills."
  
7.6. Distribution and Redemption of Currency. Talossan currency shall
+
:''7.6. Distribution and Redemption of Currency. Talossan currency shall
 
be distributed in exchange for foreign currency, and may be redeemed
 
be distributed in exchange for foreign currency, and may be redeemed
 
for the same with the Royal Bank & Post according to policies of
 
for the same with the Royal Bank & Post according to policies of
 
exchange to be established by that body.
 
exchange to be established by that body.
  
7.7. Consular Exchange of Currency. Consulates of the Kindom of
+
:''7.7. Consular Exchange of Currency. Consulates of the Kindom of
 
Talossa may be established at any establishment applying to become a
 
Talossa may be established at any establishment applying to become a
 
consulate and wishing to exchange local currency for quantities of
 
consulate and wishing to exchange local currency for quantities of
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establishing any new consulate. The Kingdom shall provide a plaque or
 
establishing any new consulate. The Kingdom shall provide a plaque or
 
other sign to the establishment, which shall identify it as a
 
other sign to the establishment, which shall identify it as a
consulate of the Kingdom of Talossa.
+
consulate of the Kingdom of Talossa.''
+
  
Uréu q'estadra så: Glüc da Dhi - Seneschal
+
Uréu q’estadra så: Glüc da Dhi - Seneschal
 
{{ScribeAuth}}
 
{{ScribeAuth}}

Latest revision as of 19:05, 17 April 2017

This law is currently
IN FORCE

It amends the following:
El Lexhatx, Title B

Ziu 46th Clark 4th
Sponsored by: Glüc da Dhi

Cosa.png Cosa: PASSED
PER 189 — CON 0 — AUS 0

Senats.png Senäts: PASSED
PER 6 — CON 0 — AUS 0

Digest of Laws

View Clark Results

46RZ20, The Talossan Monetary Policy Reform Act

WHEREAS Talossa wants coins as a symbol of the nation, and

WHEREAS the laws of the United States prohibit the making, uttering, or passing any coins of any metal or alloys of metals, even of original design, intended for use as current money, and

WHEREAS the Talossan responsible for producing the coins is resident in the United States and would like to be in compliance with that law, now

THEREFORE we, the Ziu, hereby enact the following replacements for subsections 1 through 7 of Title C, Section 7 of the Lexhatx:

7.1. Base Unit of Account. The base unit of account for the Kingdom of

Talossa is hereby established and styled the "BENT." The plural of the bent is "BENCE." Convenient shortenings such as "tubbence" and "thrubbence" shall be understood and recognised by the government, and may appear on collectable tokens (colloquially "coinage", though they shall not constitute current money). This unit of account is fixed to $0.025 in the currency of the United States of America.

7.2. Second Unit of Account. A second unit of account, which shall

have the fixed denomination of sixty (60) bence, is hereby established and styled the "LOUIS," which shall also be officially recognised by the shortened name "LOU." The plural of the lou is "LOUISE." Convenient colloqualisms for the denominations of louise are encouraged, specifically "Brock" for a single lou, "Costello" for five louise, "Ferrigno" for ten louise, "Rawls" for twenty louise, and so forth.

7.2.1. The commonly-used symbols ℓ and ¤ shall be officially adopted

for the louis and bent, respectively, and these symbols shall be used in accordance with common practice: ¤ to be used as a separator of the two denominations, with louise on the left of the symbol and bence on the right; ℓ may also be used to indicate amounts in whole louise, by placing the symbol to the left of the amount.

7.3. Creation and Issuance of Collectable Tokens. The Royal Bank &

Post is exclusively authorised to design, cause to be created, issue, and distribute collectable tokens (colloquially "coinage", though they shall not constitute current money) in any denomination of whole bence. The Royal Bank & Post is authorised to imprint the denomination of any coinage with its price in louise, rather than in bence, as it sees fit.

7.3.1 Current Token Design. The first issue of Talossan collectable

tokens ("coins") shall have, on the obverse, the Chinese character "ben" upon a shield, with a crown above the shield; above the crown shall be the curved inscription "REGIPÄTS TALOSSÁN", and below the shield shall be the curved inscription of the year of issue (both the Common Era in Arabic numerals and the year of the Kingdom of Talossa in Roman numerals). On the reverse shall be an image of a dandelion, a large "ℓ1", and the inscription "VIENS LUÏÇ".

7.4. Talossan Currency. The currency of the Kingdom of Talossa shall

be beer, which has been, and continues to be, thankfully and conveniently distributed worldwide.

7.5 Provisions Against Counterfeit Currency. The Royal Bank & Post

shall take care to be clear that non-alcoholic "beer" is, in fact, not beer at all, and thus is not currency. Official terminology is hereby established that counterfeit currency denominated in louise are to be called "Alcindors" and counterfeit currency demoninated in bence are to be called "Afflecks" or "Hills."

7.6. Distribution and Redemption of Currency. Talossan currency shall

be distributed in exchange for foreign currency, and may be redeemed for the same with the Royal Bank & Post according to policies of exchange to be established by that body.

7.7. Consular Exchange of Currency. Consulates of the Kindom of

Talossa may be established at any establishment applying to become a consulate and wishing to exchange local currency for quantities of Talossan currency. Such application shall be made to the Ministry of Foreign Affairs, which shall consult with the Royal Bank & Post before establishing any new consulate. The Kingdom shall provide a plaque or other sign to the establishment, which shall identify it as a consulate of the Kingdom of Talossa.

Uréu q’estadra så: Glüc da Dhi - Seneschal



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