Nathan Yang stands, a facial tick evident as he nervously smiles - his face apparently unaccustomed to the gesture as he reads through the proposal once more to make sure he's got it right.
"We are... bemused by the honorable Balenderg's representative's concern for counterfeiting in other countries -since this has been a concern of many nations for a very long time and each have all put their own counter measures in to reduce such instances on their own behest and for their own benefit. There seems no real need for this to be an international consideration given that it's all dealt with on a national level as it is with varying degrees of efficiency.
"Icesun itself has a digital currency system facilitated by two differing types of cards and accepts no foreign currency within its borders except at exchange ports to exchange foreign money for pre-pay cards of local currency. These cards are encoded in a special manner and there's a lot of technical jargon I myself confess to not understand fully but I am assured by experts in this area that Icesun has not had any real difficulties that cannot be swiftly dealt with in relation to counterfeiting for some seven years now since the new system was put into effect." at this point Nathan drinks a bit of water and scans the rest of the document.
"Money is not difficult to exchange, an extremely simple transaction at any of the appropriate ports or banks to do so, and the banks already keep a record of exchange rates globally - why wouldn't they? It's their business and if anyone wishes to take part in the international stock market trade then they're going to have to be aware of exchange rates. Why exactly are you suggesting an international government encroach and replace working systems already in place through partnership between the private and public sector?
"Looking through all the suggestions one can't help but think this is a completely pointless proposal, suggested for no other reason than the author wanted to have a proposal to their name and couldn't think of anything that is useful but that the GA hadn't already debated on thoroughly. So much of the proposal suffers from father-knows-best, suggesting that nation states that have had control over these elements for their entire economic existence are all of a sudden incompetent to control their own currency, exchange rates and criminal elements that counterfeit.
"The only thing suggested in the entire proposal that isn't already done by countries merely as a matter of course is the Bureau of Currency Minting and Inflation - which seems to have no powers outside of helping police keep track of counterfeiters, something that police do cooperatively on an international level already the vast majority of the time.
"I can literally see no benefit or need to support such a proposal which contributes nothing to benefit countries that is not already done on a large scale by themselves anyway. We are not children and we do not need you to hold our hand on something so mundane and commonplace in practice as it is."
