SCUE Member nations: Please Vote on SCUE Treaty Changes
Posted: Wed Sep 07, 2016 6:23 pm
Member nations, please submit your vote to make the following changes to the SCUE Treaty:
Please vote.Standardised Currency and Unified Economy Treaty
1. Any nation may sign this Standardised Currency and Unified Economy Treaty, provided they gain approval from existing signatories.
2. An applicant to this treaty shall be considered by existing signatories. If, within a week, no existing signatory objects, or more existing signatories support the applicant than object, the new nation shall be able to sign this treaty and issued starting currency as explained below.
3. All signatories to this treaty have a unified currency, and share a unified bank. Any participant in the economy of a signatory nation may make economic transactions with participants of any other signatory nations without restrictions, fees or tariffs.
4. Each signatory nations reserves the right to refer to the currency by whatever name they want. This does not make their currency different from the unified currency, and all the names are assumed to have a 1:1 exchange ratio.
5. Participants within this unified currency shall register their accounts in a particular signatory nation, or region thereof. By registering with that nation, participants' accounts are subject to any economic regulation or taxation of that nation, but not of any other nation.
REPLACE Article 6 Entirely:
6. No currency can be created or destroyed by the signatory nations, except in the manner outlined here and in section 7. Each new signatory nation is entitled to create currency for an initial distribution among citizens of that country, under the following conditions:
a. They shall count how many citizens they have who do not currently hold accounts via any existing signatory nation.
b. They shall be entitled to 7,500 units of currency per citizen counted in this manner, to be distributed as they see fit.
with the BELOW:
6. The funds held directly by the SCUE shall form a bank.
a. Nation treasuries may submit applications for loans from this bank, which must indicate the amount and purpose of the loan, and which must be approved by the SCUE Admininistrator.
b. Company and personal accounts are ineligible for loans from the SCUE bank.
c. Money loaned by SCUE may not have a payment term exceeding 1 year or an interest rate exceeding 5%.
d. If repayment of a loan is not received by the end of the payment term, the SCUE Administrator may use the bank software to recoup any of the lost money, with the full cooperation of all SCUE member nations, and offering grace periods and forgiveness of loans only under the most extreme of circumstances.
REPLACE Article 7 Entirely:
7. In addition to section 6, the member nations may authorise a special, once-off creation or destruction of currency if 2/3 of all member nations agree.
with the BELOW:
7. Once per month (using the Gregorian calendar), the SCUE Administrator may spend up to 1% of the funds held directly by the SCUE bank on a systematic payment of an equal amount either to all accounts or to all accounts in one category (personal, business [also used for non-profit organizations], or government) in order to stimulate economic activity.
8. There shall be an administrator of the bank, with the power to change the region of accounts as required; to create currency for new signatory nations; and to enforce taxation.
9. This administrator shall be elected by the signatory nations. At any time the administrator may be removed by a 2/3 vote of no confidence in the administrator, at which time a new administrator shall be elected by the signatory nations.
10. Should a signatory nation withdraw from this treaty, due to death or otherwise, all currency held in accounts registered in that nation shall be removed.
11. This treaty may be amended with the approval of a majority of all member nations.