Hurmu crown: Difference between revisions
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The '''Hurmu crown''' is a proposed currency for [[Hurmu]], released in the ''Currency Report'' by Finance Minister [[Gudrid Aakarstroym]] ([[Coalition for Democratic Humanism|CDH]]) in late 1702. The report proposed the crown as a currency for Hurmu, and would thus replace the [[Craitish Cräite|cräite]] as currency for Hurmu, after the [[1701_Hurmu_general_elections#Order_of_the_Holy_Lakes_referendums|Order of the Lakes referendum on the currency issue]] mandated that the government enact legislation to bring about a currency reform. | The '''Hurmu crown''' is a proposed currency for [[Hurmu]], released in the ''Currency Report'' by Finance Minister [[Gudrid Aakarstroym]] ([[Coalition for Democratic Humanism|CDH]]) in late 1702. The report proposed the crown as a currency for Hurmu, and would thus replace the [[Craitish Cräite|cräite]] as currency for Hurmu, after the [[1701_Hurmu_general_elections#Order_of_the_Holy_Lakes_referendums|Order of the Lakes referendum on the currency issue]] mandated that the government enact legislation to bring about a currency reform. | ||
The report proposed that the currency will be gold-based, with 1 crown equivalent to the value of one full [[riq#weight|ric]] of gold, divided by one million. The report also proposed establishing a State Bank of Hurmu as the central bank tasked with setting monetary policies with a board of governance appointed one half by the Senate, one fourth by the | The report proposed that the currency will be gold-based, with 1 crown equivalent to the value of one full [[riq#weight|ric]] of gold, divided by one million. The report also proposed establishing a ''State Bank of Hurmu'' as the central bank tasked with setting monetary policies with a board of governance appointed one half by the [[Senate of the Lakes|Senate]], one fourth by [[Prime Minister of Hurmu|the Prime Minister]], and one fourth by the [[Assembly of Representatives]]. Moreover, the report proposed that the currency would co-exist in both digital (blockchain) and physical ways (coins and notes), with the ''State Mint of Hurmu'' tasked with minting the coins (as well as collars and insignia of the [[Order of the Holy Lakes]]), and the ''State Press of Hurmu'' tasked with printing notes (as well as passports, original state documents, etc). | ||
{{Hurmu article}} | {{Hurmu article}} | ||
Revision as of 11:18, 29 November 2021
The Hurmu crown is a proposed currency for Hurmu, released in the Currency Report by Finance Minister Gudrid Aakarstroym (CDH) in late 1702. The report proposed the crown as a currency for Hurmu, and would thus replace the cräite as currency for Hurmu, after the Order of the Lakes referendum on the currency issue mandated that the government enact legislation to bring about a currency reform.
The report proposed that the currency will be gold-based, with 1 crown equivalent to the value of one full ric of gold, divided by one million. The report also proposed establishing a State Bank of Hurmu as the central bank tasked with setting monetary policies with a board of governance appointed one half by the Senate, one fourth by the Prime Minister, and one fourth by the Assembly of Representatives. Moreover, the report proposed that the currency would co-exist in both digital (blockchain) and physical ways (coins and notes), with the State Mint of Hurmu tasked with minting the coins (as well as collars and insignia of the Order of the Holy Lakes), and the State Press of Hurmu tasked with printing notes (as well as passports, original state documents, etc).
