Kirib: Difference between revisions

== Legal framework and issuing authority ==

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 haspurpose only one role:is to issue and regulateto maintain the price stability of the kirib.

The Board of DirectorsGovernors 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.