Law:46RZ20 The Talossan Monetary Policy Reform Act: Difference between revisions
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{{LawZiuStatus | {{LawZiuStatus | ||
|status= {{ | |number=46RZ20 | ||
|status= Lex | |||
|lexhtitle={{TC}} | |||
|sponsor= [[Glüc da Dhi]] | |sponsor= [[Glüc da Dhi]] | ||
|ziu= 46th | |ziu= 46th | ||
| Line 12: | Line 14: | ||
|sno=0 | |sno=0 | ||
|sabs=0 | |sabs=0 | ||
}} | }} | ||
'''WHEREAS''' Talossa wants coins as a symbol of the nation, and | '''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, nuttering, 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 that law, now | ||
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 | '''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 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. | ||
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 | :''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. | ||
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 | ::''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. | ||
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 & | :''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. | ||
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 | ::''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". | ||
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 | :''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. | ||
be beer, which has been, and continues to be, thankfully and | |||
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 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." | ||
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 | :''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 ofm exchange to be established by that body. | ||
be distributed in exchange for foreign currency, and may be redeemed | |||
for the same with the Royal Bank & Post according to policies | |||
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 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.'' | ||
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 | Uréu q’estadra så: Glüc da Dhi - Seneschal | ||
{{ScribeAuth}} | {{ScribeAuth}} | ||
