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Bank of European Settlements

Radilo

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Bank für europäischen Zahlungsausgleich – Bank of European Settlements

It was concluded during a meeting of Finance and Treasury Ministers from the EDF member states that a new organization to maintain stability within the international currency market needed to be established. Per this, The Bank of European Settlements (BEZ) was chartered under the supervision of the central banks of the EDF member states. These central banks agreed to each deposit at least 2 billion Frankish Taller (Ŧ1.25=€1) into the new bank in exchange for a vote in the General Assembly.

The BEZ, however, is not just interested in investments from the EDF member states and their allies. Any nation has the right to apply for membership. Any nation granted membership must purchase at least 200,000 shares at Ŧ5000 a piece (equivalent to 1 billion Ŧ).

See our press release in the AP and Reuters.

Group's page:

Apply in this thread.
 
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Secretariate of State for Finance

As the Grand Duchy of Aquitania has been invited to join the Bank of European Settlements, on behalf of His Most Catholic Highness, Grand Duke Jean III, I hereby accept and will purchase the required 200,000 shares.
 

Radilo

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OOC: almost everyone weighs their currency against an imaginary euro, so we are just going with the established norm.
 
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From the Ministry of Finance:

With the confirmation and signature of President O'Hara, we the Scottish government wish to buy the 200,000 shares required to join the Bank of European Settlements to continue the progress being made towards maintaining financial stability across the region.

Graciously yours,
Douglas Cambpell
Minister of Finance
 
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OOC: almost everyone weighs their currency against an imaginary euro, so we are just going with the established norm.

'almost everyone' is wrong then. Because a majority does something, doesn't make it real. Fact remains there's no such thing as a universal euro. If you want one, create it.
 

Radilo

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'almost everyone' is wrong then. Because a majority does something, doesn't make it real. Fact remains there's no such thing as a universal euro. If you want one, create it.

OOC: settle down tex. We get it; let's just say it's for the players' references and move on.
 
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From the Ministry of Finance:

With the confirmation and signature of President O'Hara, we the Scottish government wish to buy the 200,000 shares required to join the Bank of European Settlements to continue the progress being made towards maintaining financial stability across the region.

Graciously yours,
Douglas Cambpell
Minister of Finance

Executive office of the Bank of European Settlements

The application by the Scotlands was duly noted and will be voted upon by the present membership.
 
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The Scotlands have been accepted to join the BEZ. Please register the final number of shares you want to purchase, the name of your central bank and/or monetary authority and its senior leadership.
 
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Scottish Finance Ministry

We are happy to hear word of our induction and we will purchase 220,000 shares coming from the Scottish National Treasury to the BEZ. I, as finance minister, would be at the helm of Scottish finances. If that is unacceptable then I can easily assign someone else. Thank you once more.

Sincerely,
Douglas Cambpell
Minister of Finance
 
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