Clause 4 second unit of currency a second unit of

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Clause 4. Second Unit of Currency. A second unit of currency, which shall have the fixed denomination of sixty (60) bence, is hereby established and styled the “LOUIS”, which shall also be officially recognized by the shortened name “LOU”. The plural of the lou is “LOUISE”. Convenient colloqualisms for the denominations of louise are encouraged, specifically “Brock” for a single lou, “Costello” for five louise, “Ferrigno” for ten louise, “Rawls” for twenty louise, and so forth. Clause 5. Creation and Issuance of Currency. The Royal Bank & Post is exclusively authorized to design, cause to be created, issue, and distribute coinage or other currency in any denomination of whole bence. The Royal Bank & Post is authorized to print or imprint the denomination of any coinage or currency with its value in louise, rather than in bence, as it sees fit. Clause 6. Provisions Against Counterfeit Currency. The Royal Bank & Post shall take care to issue coinage and currency that is difficult to counterfeit, and shall report any suspected instances of counterfeiting to the Ministry of Justice for investigation and prosecution. Official terminology is hereby established that counterfeit currency denominated in louise are to be called “Alcindors” and counterfeit currency demoninated in bence are to be called “Afflecks” or “Hills”. Clause 7. Basis Commodity of Currency. The currency of the Kingdom of Talossa shall be based on a reserve of beer, which has been, and continues to be, thankfully and conveniently distributed worldwide. Clause 8. Distribution and Redemption of Currency. Talossan currency shall be distributed in exchange for foreign currency or beer, and may be redeemed for the same with the Royal Bank & Post according to policies of exchange to be established by that body. Clause 9. Consular Exchange of Currency. Consulates of the Kindom of Talossa may be established at any establishment applying to become a consulate and wishing to exchange either Talossan or local currency for quantities of the said reserve of beer. Such application shall be made to the Ministry of Foreign Affairs, which shall consult with the Royal Bank & Post before establishing any new consulate. The Kingdom shall provide a plaque or other sign to the establishment, which shall identify it as a consulate. Clause 10. Creation and Sale of Postal Parapharnalia. The Royal Bank & Post may design, create, issue, and sell postage items, such as stamps and imprinted envelopes, in any demonination, and sell the same at a cost exceeding that expended for their creation. Postal items may be purchased by private individuals or organizations (such as those established to provide postal delivery services) and may be re-sold to the public in exchange for postal delivery or other services. The Royal Bank & Post is empowered to print demoninations on postal items which are above the original sale value of postal items charged to a private organization purchasing the same, so to ease any resale of these items by the private organization to the general public, by providing on the face of the item the intended retail purchase price.
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  • Fall '19
  • Pound sterling, Numismatics, Monarchy, Micronation, Talossa, Talossan language

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