Kirib: Difference between revisions

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The origin of the Kirib lie in the reign of King Gustav I (1383-1462), who introduced the monetary system in 1422. On the 15th of April 1893, the Bank of the Morstaybishlian Empire decimalised its currency following its impracticality and adoption in several new nations.

== Legal framework ~~and issuing authority~~ ==

== Legal framework ==

[[File:Auroran Bank.jpg|180px|thumbnail|left|Auroran Bank Headquarters, Tarov, [[Tivot]]]]

The Auroran Bank issues the kirib and, by extension, regulates the quantity and availability of kiribs. As such, it has an indirect influence on inflation, interest rates and purchasing power of the Auroran member states as a whole. The Auroran Bank is founded through the Charter of the Auroran Bank. This document sets out the structure and operating mechanisms of the bank and provides the legal framework for the existence of the kirib. The bank ~~has~~ ~~only one role:~~ to issue and ~~regulate~~ the kirib.

The [[Auroran Central Bank]] issues the kirib and, by extension, regulates the quantity and availability of kiribs. As such, it has an indirect influence on inflation, interest rates and purchasing power of the Auroran member states as a whole. The Auroran Bank is founded through the Charter of the Auroran Central Bank. This document sets out the structure and operating mechanisms of the bank and provides the legal framework for the existence of the kirib. The bank's purpose is to issue and to maintain the price stability of the kirib.

The Board of ~~Directors~~ has supreme power over all matters concerning the bank. Each member has one representative on the board, with one vote. All members have an equal amount of shares in the bank. It elects a Governor to oversee its operations and administer its instruction. The incumbent Governor is Karn Edvon from Staynes. The bank is seated in Tarov, the capital ~~and ecumenical city~~ of ~~the pseudo-city-state,~~ [[Tivot]]. The bank and the kirib exist outside of the political arrangements and mercurial alliances of the Auroran continent, insulating it from political pressures.

The Board of Governors has supreme power over all matters concerning the bank. Each member has one representative on the board, with one vote. All members have an equal amount of shares in the bank. It elects a Governor to oversee its operations and administer its instruction. The incumbent Governor is Karn Edvon from Staynes. The bank is seated in Tarov, the capital of [[Tivot]]. The bank and the kirib exist outside of the political arrangements and mercurial alliances of the Auroran continent, insulating it from political pressures.

== Value and users ==

@@ Line 45: / Line 45: @@
 The origin of the Kirib lie in the reign of King Gustav I (1383-1462), who introduced the monetary system in 1422. On the 15th of April 1893, the Bank of the Morstaybishlian Empire decimalised its currency following its impracticality and adoption in several new nations.
-== Legal framework and issuing authority ==
+== Legal framework ==
+{{Main|Auroran Central Bank}}
 [[File:Auroran Bank.jpg|180px|thumbnail|left|Auroran Bank Headquarters, Tarov, [[Tivot]]]]
-The Auroran Bank issues the kirib and, by extension, regulates the quantity and availability of kiribs. As such, it has an indirect influence on inflation, interest rates and purchasing power of the Auroran member states as a whole. The Auroran Bank is founded through the Charter of the Auroran Bank. This document sets out the structure and operating mechanisms of the bank and provides the legal framework for the existence of the kirib. The bank has only one role: to issue and regulate the kirib.
+The [[Auroran Central Bank]] issues the kirib and, by extension, regulates the quantity and availability of kiribs. As such, it has an indirect influence on inflation, interest rates and purchasing power of the Auroran member states as a whole. The Auroran Bank is founded through the Charter of the Auroran Central Bank. This document sets out the structure and operating mechanisms of the bank and provides the legal framework for the existence of the kirib. The bank's purpose is to issue and to maintain the price stability of the kirib.
-The Board of Directors has supreme power over all matters concerning the bank. Each member has one representative on the board, with one vote. All members have an equal amount of shares in the bank. It elects a Governor to oversee its operations and administer its instruction. The incumbent Governor is Karn Edvon from Staynes. The bank is seated in Tarov, the capital and ecumenical city of the pseudo-city-state, [[Tivot]]. The bank and the kirib exist outside of the political arrangements and mercurial alliances of the Auroran continent, insulating it from political pressures.
+The Board of Governors has supreme power over all matters concerning the bank. Each member has one representative on the board, with one vote. All members have an equal amount of shares in the bank. It elects a Governor to oversee its operations and administer its instruction. The incumbent Governor is Karn Edvon from Staynes. The bank is seated in Tarov, the capital of [[Tivot]]. The bank and the kirib exist outside of the political arrangements and mercurial alliances of the Auroran continent, insulating it from political pressures.
 == Value and users ==

Kirib: Difference between revisions

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