[Paradica]

International Trade Currency

A resolution to reduce barriers to free trade and commerce.

Category: Free Trade

Strength: Mild

Proposed by: Remba

Description: AWARE of the multitude of currencies existing in the world;

CONCERNED with the difficulty in negotiating multi-national trades requiring numerous currencies being exchanged;

FIRMLY BELIEVING that easing of trade difficulties will help all peoples of the world and all nations of the world;

RESPECTING the national sovereignty of member nations and their attachment to their own, native currencies;

ESTABLISHES the World Bank which will standardize international exchange rates though a common free market exchange;

CREATES the International Credit as the standard for all international trade;

CHARGES the World Bank with the responsibility of creating a free market for the exchange of local national currency to the International Credit;

IN LIEU OF direct UN funding:

-PERMITS the World Bank to assess minimal fees on exchanges, but limits those fees to the minimum needed to maintain the World Bank;

-ELIMINATES these fees should alternative funding be passed by the UN;

REQUIRES all member nations to accept and honor the rates posted by the World Bank;

STRONGLY URGES member nations to use the International Credit and the World Bank for all international trade;

URGES corporations to use the International Credit and the World Bank for all international trade;

ALLOWS private citizens to make use of the International Credit and the World Bank;

RECOMMENDS but does not require member nations to switch to the International Credit for all intra-national exchange as well.

[Antrium]

I'm FOR. But seeing as we just started the Conargo program, there's no way we'll be switching to the International Credit.

And is this legal?:
Quote: -ELIMINATES these fees should alternative funding be passed by the UN;[/quote]
Isn't that mentioning something that would be in the future?

[Paradica]

Well, the mods didn't delete it after multiple challenges, so I suppose it is.

[Antrium]

Note: I'll probably have to vote on this, as it doesn't appear the region is transferring power very quickly. I'll cast the region's vote Saturday, assuming there isn't a sudden surge of activity and New Anonia is made Delegate. (Although I do hope that happens...)

[Embolalia]

I'm not sure on this one. It's obviously a very divided issue, judging by the vote. (4,194 to 4,391 right now). I'm kind of iffy, but I'm leaning against. I think it's kind of worthless. I just don't see the need for it. I'm going to cast my vote AGAINST on this one.

[Antrium]

The voting ends today, and I'm still delegate, so I'll vote:
For [ 2 ] [66.67%]
Against [ 1 ] [33.33%]
Abstain [ 0 ] [0.00%]

FOR. I might check back before the end of the night to make sure that it doesn't tie up, but I don't know if I'll have time.

[Grosseschnauzer]

I would have abstained, since while I do agree with the general concept of a uniform system of currency exchange, I haven't had a chance to evaluate this proposal in particular. And I'm still undecided about the IDU Conagra currency s well, since the schnauzerlands already have adopted their own common currency.

[Antrium]

The resolution "International Trade Currency" was defeated 7,021 votes to 5,154.

I didn't see the second against vote before I voted, so it stayed FOR, but it doesn't really matter.