NATION

PASSWORD

(TWI ONLY) Common Currency Union

A staging-point for declarations of war and other major diplomatic events. [In character]
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The Pacific Peace Union
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(TWI ONLY) Common Currency Union

Postby The Pacific Peace Union » Thu Jul 02, 2015 1:17 pm

Image



Common Currency Union



Image

The Assembly Chamber




Exchange Rate: $NS 1 = 1.01 Royal
Charter
Committee Members




The Currency Union (CCU) is a monetary multi economy union made up of nations who will recognize and use the Unions currency as there own. Creating a simple,and smooth future for trade and economics between the members. In charge of the CCU is the Committee who will be made up of rotating delegates; all serving for a period of 30 days. The body of the Union is the Member States who will vote and propose new legislation. The Charter is hereby the official law of the Union and any member who goes against it will be suspended from the Union.



• None



Member States shall send no more than two delegates; who will serve as their representation in the Union. The assembly will be held in Democratic Republic of The pacific peace union, a safe stable nation whom compiled this idea together.



• Transaction costs
With a single currency, there will be no longer a cost involved in changing currencies; this will benefit tourists and firms who trade within the Currency area

• Price transparency
With a common currency it will be easier to compare prices in different Union countries because they would all be in the same currency.

• Eliminating exchange rate uncertainty.
Volatile swings in the exchange rate can destroy the profitability of exports (e.g. a rapid appreciation). This exchange rate uncertainty undermines business confidence in investing. Therefore with a single currency business confidence should improve leading to greater trade and economic growth.

• Improvement in inflation performance
The UB which sets interest rates for the whole Union area will be committed to keeping inflation low; countries with traditionally high inflation should benefit from this greater inflationary discipline.

• Low interest rates

• Inward investment
Inward investment may increase from outside the Union as firms take advantage of lower transaction costs within the Union area.

• Benefits to the financial sector
The introduction of the currency will reduce the cost of trading in bonds, equity, and banking assets within the currency zone.
Last edited by The Pacific Peace Union on Tue Feb 23, 2016 7:27 pm, edited 6 times in total.
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The Allah and Muhammad
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Founded: May 24, 2015
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Postby The Allah and Muhammad » Thu Jul 02, 2015 1:40 pm

Is this IC or OOC
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The Pacific Peace Union
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Postby The Pacific Peace Union » Thu Jul 02, 2015 1:43 pm

The Allah and Muhammad wrote:Is this IC or OOC
it says send a delegate so IC
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The Allah and Muhammad
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Founded: May 24, 2015
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Postby The Allah and Muhammad » Thu Jul 02, 2015 1:48 pm

Vice President al'Sharam sent himself as a delegate as well as al'Dera, a beautiful mistress who us serving as al'Sharam's date. "It sure is nice here, huh?" al'Dera said.
"I wonder where the Pacific delegate or delegates are...." said al'Saram.
(OOC: Is this in the ID, like I asked? Just wondering.)
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Coastal Prowe
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Postby Coastal Prowe » Thu Jul 02, 2015 5:34 pm

Ambrosio Castillo stepped out of his private jet at the airport ready to get things started."I wonder if they like the Spanish" He wondered as his cab pulled up

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The Pacific Peace Union
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Postby The Pacific Peace Union » Thu Jul 02, 2015 8:23 pm

Annette Domitille left the airport feeling great. The air was so fresh and the buildings were beautiful. She walked to the assembly hall and couldn't help but buy clothes from the numerous stores she passed on the way there. She arrived with bags of clothes and a huge smile on her face.

OOC: To your question Allah yes its in the ID district.
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The Allah and Muhammad
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Postby The Allah and Muhammad » Thu Jul 02, 2015 8:49 pm

The Pacific Peace Union wrote:Annette Domitille left the airport feeling great. The air was so fresh and the buildings were beautiful. She walked to the assembly hall and couldn't help but buy clothes from the numerous stores she passed on the way there. She arrived with bags of clothes and a huge smile on her face.

OOC: To your question Allah yes its in the ID district.

"Miss Domtille?" Asked al'Saram. "Your as beautiful as my date, maybe even more beautiful.". He smiled and winked.

"Shut up!" al'Dera smiled and smacked him.
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New Aapelistan
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Postby New Aapelistan » Fri Jul 03, 2015 3:57 am

OOC: So can you send an delegate even when Im not an member? I would come to see if the union is worth to join

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Coastal Prowe
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Postby Coastal Prowe » Fri Jul 03, 2015 8:10 am

The Allah and Muhammad wrote:
The Pacific Peace Union wrote:Annette Domitille left the airport feeling great. The air was so fresh and the buildings were beautiful. She walked to the assembly hall and couldn't help but buy clothes from the numerous stores she passed on the way there. She arrived with bags of clothes and a huge smile on her face.

OOC: To your question Allah yes its in the ID district.

"Miss Domtille?" Asked al'Saram. "Your as beautiful as my date, maybe even more beautiful.". He smiled and winked.

"Shut up!" al'Dera smiled and smacked him.

getting out of the cab Ambrosio Castillo saw the little display, Funny He thought, maybe i'll find someone but for now I need to buy a new suit

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Alantania
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Founded: May 15, 2015
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Postby Alantania » Fri Jul 03, 2015 9:21 am

Victor Soto arrived to the meeting hall dressed in a finely tailored suit. This was his first time in the I.D and he couldn't help but be in awe. Seeing the other delegates, he smiled and waved.

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The Pacific Peace Union
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Postby The Pacific Peace Union » Fri Jul 03, 2015 10:51 am

New Aapelistan wrote:OOC: So can you send an delegate even when Im not an member? I would come to see if the union is worth to join


OOC: Yes

Annette smiled and began shaking hands with each delegate that arrived. "Please find a seat while we await for any other nations that are interested."
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Alantania
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Postby Alantania » Fri Jul 03, 2015 10:54 am

Victor smiled and shook hands with her before taking his seat. "Do we know how many other delegates we should be expecting?"

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The Pacific Peace Union
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Postby The Pacific Peace Union » Fri Jul 03, 2015 10:58 am

Annette frowned. "No, the idea is not the most popular amongst people, hopefully after we show them how successful it will be, they will think its a good idea." Annette felt un easy talking to the Alantania delegate, her nation was just attacked by them and she quickly walked away.
♔ Secretary of Information, AKA the Honorable Information God of The Western Isles
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Former Justice of The Western Isles
✮ Child of Monsanto ✮
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Coastal Prowe
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Postby Coastal Prowe » Fri Jul 03, 2015 11:08 am

The Pacific Peace Union wrote:Annette frowned. "No, the idea is not the most popular amongst people, hopefully after we show them how successful it will be, they will think its a good idea." Annette felt un easy talking to the Alantania delegate, her nation was just attacked by them and she quickly walked away.

Ambrosio Castillo walked up to Annette, "hello uh where is this going to be taking place and uhh... continues in a hushed tone" are there any suits made in a pink fabric"?

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The Pacific Peace Union
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Founded: Jun 01, 2015
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Postby The Pacific Peace Union » Fri Jul 03, 2015 11:27 am

"It is taking place right in here, this is the assembly hall." Annette laughed, "No I'm not around here I would not know where any pink suits would be."
♔ Secretary of Information, AKA the Honorable Information God of The Western Isles
Winner of The Western Isles' Presidential Award
Former Justice of The Western Isles
✮ Child of Monsanto ✮
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Alantania
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Founded: May 15, 2015
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Postby Alantania » Fri Jul 03, 2015 12:14 pm

Victor sighed and rubbed his neck awkwardly. His nation had gone from one of the most peaceful to a disorganized mess and now it had a extremist group to care of. He looked at the delegate from TPPU, maybe he should apologize he thought. He opted against it, that'd just make things awkwarder.

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Coastal Prowe
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Postby Coastal Prowe » Fri Jul 03, 2015 12:30 pm

The Pacific Peace Union wrote:"It is taking place right in here, this is the assembly hall." Annette laughed, "No I'm not around here I would not know where any pink suits would be."

thanks...and I guess I will send for one

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Havenburgh
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Postby Havenburgh » Fri Jul 03, 2015 12:54 pm

*Quietly the door creaked open, with a young woman stepping through the doorway. Dressed casually for the occasion, the walked down to join the rest.*
"Hi, I'm Christina Perri, Vice President of Havenburgh. The president had important matters to attend to, so you now have the next best thing. Once again I apologize for his absence."

Image
Last edited by Havenburgh on Fri Jul 03, 2015 12:55 pm, edited 1 time in total.

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Alantania
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Postby Alantania » Fri Jul 03, 2015 12:58 pm

Havenburgh wrote:*Quietly the door creaked open, with a young woman stepping through the doorway. Dressed casually for the occasion, the walked down to join the rest.*
"Hi, I'm Christina Perri, Vice President of Havenburgh. The president had important matters to attend to, so you now have the next best thing. Once again I apologize for his absence."


Victor stood up and smiled at Christina, he extended his hand to greet her. "Hello Vice President Perri, I'm Victor Soto. The Alantanian delegate."

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The Pacific Peace Union
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Postby The Pacific Peace Union » Fri Jul 03, 2015 1:07 pm

Annette walked over to the vice president and smiled. "Its honor to have you here, and its a honor that the great nation of Havenburgh in the CCU. Ive seen many photos of your nation and plane on visiting soon it looks lovely."
♔ Secretary of Information, AKA the Honorable Information God of The Western Isles
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Former Justice of The Western Isles
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Great-Imperialonia
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Founded: Feb 05, 2015
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Postby Great-Imperialonia » Fri Jul 03, 2015 1:22 pm

"Greetings, I am Julia, I am the secretary of economy (the right hand of the minister of economy) from the Royal Empire of Great-Imperalonia." And a young girl, came a bit stressed in.
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The Pacific Peace Union
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Founded: Jun 01, 2015
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Postby The Pacific Peace Union » Fri Jul 03, 2015 1:24 pm

Annette Looked at the young girl... She was smart. Sanctions imposed onto her country will cripple their economy but if they adapt our currency, it could possibly save them from a financial disaster. "Welcome, have a seat"
♔ Secretary of Information, AKA the Honorable Information God of The Western Isles
Winner of The Western Isles' Presidential Award
Former Justice of The Western Isles
✮ Child of Monsanto ✮
♦ I'm With Hillary ♦

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Alantania
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Founded: May 15, 2015
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Postby Alantania » Fri Jul 03, 2015 1:28 pm

"Hello Julia, I'm Victor." Victor smiled and waved at her. He was going to greet (almost) every delegate.

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Coastal Prowe
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Postby Coastal Prowe » Fri Jul 03, 2015 1:39 pm

Great-Imperialonia wrote:"Greetings, I am Julia, I am the secretary of economy (the right hand of the minister of economy) from the Royal Empire of Great-Imperalonia." And a young girl, came a bit stressed in.

"Hello Julia, I am Ambrosio Castillo, the delegate from Coastal Prowe and I would like to welcome you to I.D...is there anything you require?"

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Havenburgh
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Founded: Sep 14, 2013
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Postby Havenburgh » Fri Jul 03, 2015 2:35 pm

OOC: Jeez you guys post quick

IC: Ms. Perri sat down at one of the chairs, listening to the delagates go about. She knew her voice at this table was not as important as theirs yet, so for now she will sit and listen to catch up with everyone, adding a few sentences here and there when she needs to.

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