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RZ15 - The Talossan Monetary Policy Reform Act (+ Coin Design)

Published in Clark #3

WHEREAS Talossa wants coins as a symbol of the nation, and

WHEREAS the laws of the United States prohibit the making,
uttering, or passing any coins of any metal or alloys of metals, even
of original design, intended for use as current money, and

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

THEREFORE we, the Ziu, hereby enact the following replacements
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
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
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
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 &
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
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
be beer, which has been, and continues to be, thankfully and
conveniently distributed worldwide.

7.5 Provisions Against Counterfeit Currency. The Royal Bank & Post
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."

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 of
exchange to be established by that body.

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.

- Bill authored by the Minister of Finance

46th Cosâ, Clark #3 results		Amendment?	Ziu	Cosâ				Senäts
Bill	Title		Result	Për	Contrâ	Abstain	Result	Për	Contrâ	Abstain	Result
RZ15	The Talossan Monetary Policy Reform Act (+ Coin Design)	No (double majority needed)	Fail	131	36	13	Pass	3	3	2	Fail