Bank of Yohannes I Parenga-Motu
Parliament Square, Te Whanganui-a-Tara
BY9 1008,
Alexandria, Yohannes
Contact Us
Customer Service0800 117 7442
From Overseas+585 53381717
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Submission on the Inquiry into
Future Monetary Target Consensus
Received 7 September 2018
As reviewed and approved before the
Select Committee on Ways and Means
11 September 2018
Certified copy—formalised by Clerk of the Committee1. This submission is from
The Bank of Yohannes Share Ownership Limited Corporation first traded in the Stock Exchange of Yohannes and registered in the Kingdom of Alexandria, acting through its Royal Alexandria Parliament Square Branch and situated at Economic Palace, Level 7, Parliament Square, Royal Alexandria.
2. We do not wish to speak before the committee led by Mr Robert Mueller to present our evidence of any wrongdoing.
3. This submission is being written on behalf of The Bank of Yohannes by Reichenau & Partners Solicitors.
4. We can be contacted at:
Wiebke Kästner
Partner and Government Team Leader
Reichenau & Partners Solicitors
Freedom House
Level 7
Minnesota Avenue
Royal Alexandria
Phone: (05) 241 1035
wiebkekaestner@reichenaulaw.co.yo
Additional statements5. We wish to state the following concerning the general topic of this inquiry, mainly under purpose and structures of inquiry 3, namely to investigate the role of productivity in monetary policy and the supply capacity of the Yohannesian economy, how it can be tweaked, and the challenge presented in doing so.
6. As one of the “Big Five” in Yohannesian banking we do not wish to influence Executive Council fiscal strategy and the Office of the Minister of the Treasury and Wealth Fund’s fiscal policy framework. However, we wish to point out the risk to domestic cash depositors that an increase in the Imperial Cash Rate (ICR) could bring.
7. As a major bank in the Nineteen Countries we do not have a view on whether or not ICR should be lifted. We however, do wish to point out that that could reduce the amount of withholding tax deducted by the Executive Council.
8. Whilst accepting that we will not speak before the committee led by Mr Robert Mueller, we would appreciate a Select Committee confirmation as to which ICR policy recommendation option would be chosen by the Chair.
Yours sincerely,
WIEBKEWiebke Kästner
Partner and Government Team Leader
Reichenau & Partners Solicitors
Tel: +585 5 241 1035 | Email:
wiebkekaestner@reichenaulaw.co.yo