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by The Pacific Peace Union » Tue Jul 07, 2015 11:30 am
by Coastal Prowe » Tue Jul 07, 2015 11:37 am
Alantania wrote:"I'm not sure I follow either, what will be costly to replace?"
by Dashgrinaar » Tue Jul 07, 2015 11:38 am
Alantania wrote:"I'm not sure I follow either, what will be costly to replace?"
by The Pacific Peace Union » Tue Jul 07, 2015 1:49 pm
by Dashgrinaar » Tue Jul 07, 2015 1:54 pm
The Pacific Peace Union wrote:"Added" With that can we all agree the charter is finalized?
by The Pacific Peace Union » Tue Jul 07, 2015 4:05 pm
by Dashgrinaar » Tue Jul 07, 2015 4:19 pm
by The Allah and Muhammad » Wed Jul 08, 2015 10:50 am
The Pacific Peace Union wrote:"Than lets start the vote and get the Royal in circulation. Aye"
by The Allah and Muhammad » Wed Jul 08, 2015 10:52 am
The Pacific Peace Union wrote:The Allah and Muhammad wrote:"I do not care because you guys care too much, one less care is simply not an impact. Banks are very important, because if the charter is lost or burned, I have a back-up. And with banks, that costs million to replace."
"This is the 21st century... The charter will be saved to multiple harddrives and data centers...." Se laughed. "We can't loose it"
by Dashgrinaar » Thu Jul 09, 2015 5:03 pm
by The Pacific Peace Union » Thu Jul 09, 2015 5:26 pm
by Dashgrinaar » Thu Jul 09, 2015 5:59 pm
Resolution 1, Common Currency Union
In Accordance with Article Twelve of the Charter of the Common Currency Union,
Acknowledging that in Article Twelve, the following is stated: "c. The Committee will issue a statement, directly after the vote, in which the Royal will freeze. Bank withdrawals, minting, and anything falling under the financial criteria are halted."
NotingThat the freezing of the Royal may be a long process, so therefore
Enacts the following:
1. Creates a Credit Card, on which the Royal is printed, for the use of Electronic banking
a. All users of the Royal must own a card, distributed by the Union bank
2. All transactions concerning the Royal must be done electronically
3. All users with physical currency will turn it in to a Union Bank to have it converted into electronic form
4. In the event of a freeze, governments may approach the Committee and ask for a conversation of the currency. The Committee will have a vote, and of yes the Union Bank will convert Royals into the national currency, however it must still be withdrawn from the Union Bank and the Credit Card must be used.
5. After step D. of the process described in Article Twelve, the Union Bank will convert all remaining national currency to the Royal
by The Pacific Peace Union » Thu Jul 09, 2015 6:45 pm
Dashgrinaar wrote:"In accordance to Article 12, I would like to present the following to the CommitteeResolution 1, Common Currency Union
In Accordance with Article Twelve of the Charter of the Common Currency Union,
Acknowledging that in Article Twelve, the following is stated: "c. The Committee will issue a statement, directly after the vote, in which the Royal will freeze. Bank withdrawals, minting, and anything falling under the financial criteria are halted."
NotingThat the freezing of the Royal may be a long process, so therefore
Enacts the following:
1. Creates a Credit Card, on which the Royal is printed, for the use of Electronic banking
a. All users of the Royal must own a card, distributed by the Union bank
2. All transactions concerning the Royal must be done electronically
3. All users with physical currency will turn it in to a Union Bank to have it converted into electronic form
4. In the event of a freeze, governments may approach the Committee and ask for a conversation of the currency. The Committee will have a vote, and of yes the Union Bank will convert Royals into the national currency, however it must still be withdrawn from the Union Bank and the Credit Card must be used.
5. After step D. of the process described in Article Twelve, the Union Bank will convert all remaining national currency to the Royal
by Dashgrinaar » Fri Jul 10, 2015 8:03 am
The Pacific Peace Union wrote:Dashgrinaar wrote:"In accordance to Article 12, I would like to present the following to the CommitteeResolution 1, Common Currency Union
In Accordance with Article Twelve of the Charter of the Common Currency Union,
Acknowledging that in Article Twelve, the following is stated: "c. The Committee will issue a statement, directly after the vote, in which the Royal will freeze. Bank withdrawals, minting, and anything falling under the financial criteria are halted."
NotingThat the freezing of the Royal may be a long process, so therefore
Enacts the following:
1. Creates a Credit Card, on which the Royal is printed, for the use of Electronic banking
a. All users of the Royal must own a card, distributed by the Union bank
2. All transactions concerning the Royal must be done electronically
3. All users with physical currency will turn it in to a Union Bank to have it converted into electronic form
4. In the event of a freeze, governments may approach the Committee and ask for a conversation of the currency. The Committee will have a vote, and of yes the Union Bank will convert Royals into the national currency, however it must still be withdrawn from the Union Bank and the Credit Card must be used.
5. After step D. of the process described in Article Twelve, the Union Bank will convert all remaining national currency to the Royal
"While I like the idea of a electronic currency, It defeats the point of freezing the Royal, as the Royal will than be unfrozen if it can be used in any way. It only freezes in the exiled nation anyways, the other nations can carry on." Anette coughed. "Sorry, also the expulsion of nations is a fairly quick process and it takes priority if it were to arise."
Resolution 1, Common Currency Union: Electronic Banking
Acknowledging that the use of electronic banking can be a more efficient and less expensive way of storing money
Noting that there still may be currency in the physical form
Enacts the following:
1. Creates a Credit Card, on which the Royal is printed, for the use of Electronic banking
a. All users of the Royal must own a card, distributed by the Union bank
2. All transactions concerning the Royal must be done electronically
3. All users with physical currency will turn it in to a Union Bank to have it converted into electronic form
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