Ministry of the Treasury (New Prussia)
|Formed||25 May 2018|
|Jurisdiction||Empire of New Prussia|
|Deputy Minister responsible|
|Parent department||New Prussian Imperial Government|
The Ministry of the Treasury is an executive government branch of the Empire of New Prussia. The Ministry oversees its child departments of which are the Department of Designing and Printing and the New Prussian Imperial Bank. The current Minister of the Treasury is the Empress Mother, Ann Harms.
For three years, the Empire of New Prussia has used the currency of its host nation, the United States Dollar. Now on June 2, 2021 New Prussia officially has its own currency called the New Prussian Mark thanks to the Currency Act. The current exchange rate of the New Prussian Mark is 5 US Cents per Mark.
There is only one agency of the Ministry of the Treasury:
Department of Designing and Printing
The Department of Designing and Printing (DDP) is a child agency of the Ministry of the Treasury and was formed on June 2, 2021. The person in charge is the Secretary of the Department of Designing and Printing, currently the position is vacant. It is responsible for Designing and printing all monetary notes, keep records of all monetary note serial numbers, and supplying the New Prussian Imperial Bank.
The New Prussian Imperial Bank is the central bank of the Empire of New Prussia and was formed on June 2, 2021. The NPIB is headed by the Board of Governors. The duties of the Imperial Bank is to oversee it District Banks and help implement monetary policy in New Prussia.
Roles and Responsibilities
The roles and responsibilities of the Treasury are:
- To observe the economy of New Prussia
- Collect any and all money owed to the Empire
- Manage financial matters of the Empire, the New Prussian Imperial Parliament and its Ministries
- Enforce and implement monetary policy