News: Let us make the whole region resound with the song of We Are The Happiest People in NationStates.
Total Members Voted: 4
Voting closed: August 06, 2012, 04:12:32 AM
The General Assembly,COMMENDING the intentions of General Assembly Resolution #56, insofar as it aims to preserve the monetary culture of member nations;DISPUTING, however, that the currency of a nation is a "monumental part of [its] history," as well as the notion that "cultural heritage and tradition can be preserved through the safeguarding of each nation’s currency;"ASSERTING that the amount of resources alloted to preserving one miniscule aspect of a nation's history, as provided in GAR#56, is superfluous;ACKNOWLEDGING that GAR#56 states, in relevant part:4. Obligates each World Assembly member nation to regulate the buying and selling of coins and banknotes;REGRETTING that clause four contravenes the intended purpose of the resolution by creating an opt-out for unwilling nations due to a lack of mandatory regulations, aside from the requirement that "World Assembly member nations [regulate] the buying and selling of coins and banknotes," to any degree in which they find acceptable;CONSIDERING it to be unnecessary for the World Assembly to regulate the trade of currency, as standard market price determination is more effective than an international grading system established by WANA;CLARIFIES that nations may still create establishments dedicated to the preservation of their currencies, notwithstanding the passage of the repeal;FURTHER CLARIFIES that General Assembly Resolution #56 does not prevent one-world currencies, nor does it involve itself in economic mediums of exchange, aside from items that are collected privately for cultural or personal reasons;Hereby,REPEALS General Assembly Resolution #56, "Numismatics Appreciation Act."
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