NationStates Hyrule WA Voting: Fairness in Currency Exchange


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PostSubject: WA Voting: Fairness in Currency Exchange   Sat 19 Sep 2009 - 23:57

Fairness in Currency Exchange


A resolution to reduce barriers to free trade and commerce.
Category: Free TradeStrength: SignificantProposed by: Krioval
Description: The World Assembly,



RECOGNIZING the importance of international commerce and industry,



DETERMINED to promote both free and fair opportunities for international trade,



NOTING that the most WA member nations have their own separate
currencies, and that the effective values at which these can be
exchanged for each other can vary from market to market as well as over
time,



CONCERNED that inefficiencies involved in this exchange process,
including a lack of up-to-date knowledge about effective values, may
impede the natural flow of trade between nations;



DECLARES that the governments of WA member nations may not:

1. Impose any special taxation upon the process of exchanging any
one nation’s currency for any other nation’s currency within their
jurisdictions, nor permit any sub-national government or other
organisation within their jurisdictions to do so either, although any
general taxes that are applicable to all other forms of commercial
activity therein may also be imposed upon this business;

2. Allow the existence of any legally-protected monopolies or
oligopolies over this currency- exchanging business within their
jurisdictions, unless these are granted purely to government agencies
that do not operate on a profit-making basis and whose fees for
carrying out the transactions concerned do not exceed the levels that
are necessary to cover their reasonable expenses;

3. Permit any bodies that are carrying out currency-exchanging
operations within their jurisdictions to practice unfair discrimination
in this process;



CREATES the World Currency Exchange Commission (or WCEC) to monitor
exchange rates between the currencies of World Assembly members, and
declares that:

1. WCEC must collect accurate information about international
exchange rates, on as frequent a basis as is reasonably possible, and
must make this information freely available to all WA member nations’
governments;

2. All national governments of WA member nations must cooperate
with WCEC in the gathering of this data, and must make the information
that WCEC provides to them freely available upon request to all
relevant organisations within their jurisdictions;

3. WCEC has the power of binding arbitration in any appeals about
the application of this resolution’s terms within particular nations
that may be brought before it, including the power to order the payment
of appropriate compensation to any people who have been adversely
affected by abuses of these rules, and there is a general right of
appeal from all member nations’ own legal systems to WCEC for this
purpose.



Co-author: Bears Armed.

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PostSubject: Re: WA Voting: Fairness in Currency Exchange   Sun 20 Sep 2009 - 10:07

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PostSubject: Re: WA Voting: Fairness in Currency Exchange   Mon 21 Sep 2009 - 17:53

Against.
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PostSubject: Re: WA Voting: Fairness in Currency Exchange   Tue 22 Sep 2009 - 0:41

Voted Against.

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