The Act for Establishing a Mint and Regulating Coinage and Banknotes in the Imperial Government in Exile

The Act for Establishing a Mint and Regulating Coinage and Banknotes in the Imperial Government in Exile

 

Passed by Royal Proclamation 68 on November 1, 2017

 

Article 1 – A Royal Mint is to be established via Royal Proclamation for the purpose of coinage and the printing of banknotes.

Article 2 – The mint staff should consist of a Director and a Chief Coiner, and shall be under the control of the Ministry of the Treasury and the Ruling Emperor/Empress.  The mint shall employ as much staff as shall be necessary.  The Director shall be in charge of the management of the business of the mint, and the Chief Coiner shall be in charge of coinage and the printing of banknotes according to the regulations set forth in this act or any other law.  The Minister of the Treasury shall receive from the Chief Coiner all coins which have been struck and all banknotes which have been made.  All banknotes must be signed by either the Minister of the Treasury or the Ruling Emperor/Empress to be valid.

Article 3 – Any officer or employee of the mint may be required to take an oath to faithfully and diligently perform their duties.

Article 4 – The compensation, if any, of any officer or employee of the mint shall rest with the Minister of the Treasury.  The accounts of all officers and employees of the mint as well as all receipts, disbursements, and business and administration of the mint shall be presented to the Minister of the Treasury yearly and be made available to the Ruling Emperor/Empress and the Assembly of Nobles.

Article 5 – The coins stuck shall be in the following denominations:  Eagles – the equivalent of ten dollars.  Half Eagles – the equivalent of five dollars.  Dollar – the equivalent of one dollar.  Half Dollar – the equivalent of half a dollar.  Quarter Dollar – the equivalent of a quarter dollar.  Other denominations may be created via Royal Proclamation.

Article 5 – Banknotes shall be made in the following denominations: 1 Norton Dollar – the equivalent of one dollar.  5 Norton Dollar – the equivalent of five dollars.  10 Norton Dollars – the equivalent of 10 Norton dollars.  20 Norton Dollar – the equivalent of 20 dollars.  Other denominations may be created via Royal Proclamation.

Article 6 – Banknotes and coins of the Imperial Government In Exile are for the purpose of legitimizing the Imperial Government in Exile and to produce a work of art worthy of being a collectible.  They may be accepted as legal currency within the Imperial Government in Exile.

Article 7 – The Official Terms for Banknotes are Norton or Nortonian Dollars.  The official terms for coins are Nortonian or Norton Eagles, Half Eagles, Dollars, Half Dollars, and Quarter Dollars.

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