Treasury and Currency Act

The Treasury and Currency Act is the document that established the Remainian National Treasury and the Valorem, the national currency of Remland. It was drafted on 28 April 2018 to quickly gain a means of governmental financial budgeting and establish a national currency. It was reformed on 21 June 2018 to increase the supply of the national currency.

Original

Article 1

A national treasury shall be created with the purpose of financial budgeting, keeping government savings, and the issuing of banknotes and bonds.

Article 2

A currency shall be established for internal and external transactions pegged to US$0.01. Only 2,000,000 of the currency shall be printed initially, with a 0.001% - 0.01% monthly inflation rate being allowed, but not mandatory.

21 June 2018 reformation

Article 1

A national treasury shall be created with the purpose of financial budgeting, keeping government savings, and the issuing of banknotes and bonds.

Article 2

A currency shall be established for internal and external transactions pegged to US$0.01. 1 unit of currency shall be introduced into circulation for every US$0.01 in reserve, with a 0.001% - 0.01% monthly inflation rate being allowed, but not mandatory.