Kuduk: Difference between revisions
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Following the political reforms of the 2023 election, fiscal and monetary policy are decided by the Ministry of Finance and the [[Kuduk National Bank]] respectively. Historically, both fiscal and monetary policy were decided within tribes by their tribal councils, often creating inconsistent and differing economic policies across the isles.
The Ministry of Finance is responsible for deciding the total budget of the nation’s fiscal year and for controlling the nation’s fiscal policy. Since it’s inception in 2023, the Ministry of Finance has worked closely together with the Káan Administration to normalize fiscal policy across the isles and standardize the use of the Krone. The Ministry of Finance also controls how frequent and stringent Tariffs on imported goods should be
The Kuduk National Bank acts as the central bank of the country. Similarly to the Ministry of Finance, the KNB has, since its inception, worked together with the Káan Administration to standardize monetary policy across the country. Aside from dictating the country’s monetary policy, the KNB also controls the nation’s money supply and the amount of foreign Krones that enter Kuduk’s border.
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