Difference between revisions of "Consulate Central Bank"

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{{Good article}}
 
 
{{Infobox central bank
 
{{Infobox central bank
 
| name            = Consulate Central Bank<!-- overrides {{PAGENAME}}, do not use without careful consideration -->
 
| name            = Consulate Central Bank<!-- overrides {{PAGENAME}}, do not use without careful consideration -->
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| caption        = One [[Leaguecredit]]
 
| caption        = One [[Leaguecredit]]
 
| image_size      =  
 
| image_size      =  
| headquarters    = [[The League of Conservative Nations]]<!-- the city -->
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| headquarters    = [[The League]]<!-- the city -->
 
| coordinates    = <!-- use {{coord}} -->
 
| coordinates    = <!-- use {{coord}} -->
 
| established    = {{Start date|2020|08|09}}<!-- {{Start date|YYYY|MM|DD|df=y}} -->
 
| established    = {{Start date|2020|08|09}}<!-- {{Start date|YYYY|MM|DD|df=y}} -->
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| executive_title = Chief Consul
 
| executive_title = Chief Consul
 
| executive      = [[Quebecshire (politician)|Quebecshire]]
 
| executive      = [[Quebecshire (politician)|Quebecshire]]
| bank_of        = [[The League of Conservative Nations]]<!-- some place -->
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| bank_of        = [[The League]]<!-- some place -->
 
| currency        = [[Leaguecredit]]
 
| currency        = [[Leaguecredit]]
 
| currency_iso    = <!-- see [[ISO 4217]] -->
 
| currency_iso    = <!-- see [[ISO 4217]] -->
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The '''Consulate Central Bank''', abbreviated '''CCB''', is the central financial body of [[The League of Conservative Nations]].  
+
The '''Consulate Central Bank''', abbreviated '''CCB''', was the central financial body of the LCN and was owned and operated by the [[Consulate of the Republic]]. During its activity, the CCB was the institution that created and regulated the currency of the LCN, the [[Leaguecredit]]. It was effectively shuttered on 21 December 2021 with the phaseout of the Leaguecredit. The CCB oversaw government official's salaries, pensions, [[Consulate Central Bank loaning records|Consulate loans]], taxation, and other Consulate initiatives.<ref name=taxesfines>{{cite web|url=https://www.nationstates.net/page=rmb/postid=40213259|title=CONSULATE CENTRAL BANK - FIRST PUBLICATION OF TAX CODES AND FINANCIAL PENALIZATION CONDITIONS|last=Hire|first=Quebec S.|date=August 15, 2020|department=Consulate of the Republic|website=NationStates|publisher=Consulate of the Republic|location= The League|page=1|language=English|access-date=August 15, 2020}}</ref>
  
The CCB is owned and operated by the [[Consulate of the Republic]].
+
Additionally, a system of "investments" was established, allowing citizens to invest either 10,000 or 1,000,000 Leaguecredits to get passive income over time.
 
 
The Consulate employs a system of universal basic income and pays the government officials of the LCN through the bank.
 
 
 
The CCB is the institution that created and regulates the currency of the LCN, the [[Leaguecredit]].
 
 
 
== Government Provided Incomes ==
 
 
 
{|class=wikitable
 
|-
 
!Occupation
 
![[File:History l black.png|23px]] Income per day
 
|-
 
|Citizen
 
|[[File:History l black.png|18px]] 500
 
|-
 
|[[Server Moderation Team|SMT Officer]]
 
|rowspan=3|[[File:History l black.png|18px]] 1,000
 
|-
 
|[[LCN Department of Foreign Affairs|LCNFA Staff]]
 
|-
 
|[[LCN Defense Administration|LCNDA Staff]]
 
|-
 
|[[Server Moderation Team#Chief|Chief of the Police Force]]
 
|rowspan=3|[[File:History l black.png|18px]] 2,000
 
|-
 
|[[LCN Department of Foreign Affairs|Director of Foreign Affairs]]
 
|-
 
|[[LCN Defense Administration|LCNDA Director]]
 
|-
 
|[[Council of the Republic|Council Delegate]]
 
|[[File:History l black.png|18px]] 5,000
 
|}
 
 
 
The Consulate is also known to pay people via the bank for additional tasks, such as record-keeping or other government related work. The bank will also provide 10-50 Leaguecredits per message in eligible channels on the LCN Discord Server with a cooldown of one minute, to incentivize activity.
 
 
 
=== Pension Plans ===
 
 
 
{|class=wikitable
 
|-
 
!Plan
 
![[File:History l black.png|23px]] per Day
 
!Requirements
 
|-
 
|A
 
|[[File:History l black.png|18px]] 2,000
 
|Former Heads of State and Government ([[Consulate of the Republic|Consuls]], [[Prime Minister of the LCN|Prime Ministers]], [[President of the LCN|Presidents]])
 
|-
 
|B
 
|[[File:History l black.png|18px]] 1,000
 
|Department Management Level Positions and High-Level Legislature (High Legislatures*, Old Cabinet Posts, [[LCN Defense Administration|DA]]/[[LCN Department of Foreign Affairs|FA Director]], [[LCN Intelligence Agency|LCNIA Director]]/[[General of the Armed Forces of the LCN|GAF]], etc.)
 
*Meaning those that required election or another process, not those open to the entire citizenry like the initial Senate or the later days of the CA.
 
|-
 
|C
 
|[[File:History l black.png|18px]] 500
 
|Low-level government positions (Diplomatic Agent, [[LCN Intelligence Agency|LCNIA]]/[[LCN Armed Forces|AF]] member, etc.)
 
|-
 
|colspan=3|Eligibility:
 
 
 
*Must be a citizen. Your pension will be suspended at times you do not hold citizenship.
 
 
 
*If the post was termed, you must have completed at least one full term of the position. If it was not termed, you have to have not been dismissed for unpleasant reasons (fired).
 
 
 
*These do not stack. You get the highest applicable.
 
 
 
*Pensions may be abolished or otherwise altered if this becomes an issue.
 
|}
 
 
 
== Loans ==
 
 
 
{{main|Consulate Central Bank loaning records}}
 
 
 
The Consulate offers loans and will notorize inter-player loans. [[Calamarian Financial Assistance Corporation|CFAC]] is also authorized to distribute and document official loans.
 
 
 
== Taxes ==
 
 
 
Current Taxation Codes
 
 
 
*For profit business activity will be subject to a taxation of 10% on the profitable funds, unless distinctly stated by the Consulate to be exempt.
 
**At the present moment, as long as they benefit economic stability, the [[Creeperian Financial Assistance Corporation]] and [[LeagueFi]] are tax exempt.
 
*Gambling winnings that meet or exceed [[File:History l black.png|18px]]100,000 in the instance will have the winnings taxed at 10%.
 
 
 
This is subject to future updates as deemed appropriate by the Consulate.<ref name=taxesfines>{{cite web|url=https://www.nationstates.net/page=rmb/postid=40213259|title=CONSULATE CENTRAL BANK - FIRST PUBLICATION OF TAX CODES AND FINANCIAL PENALIZATION CONDITIONS|last=Hire|first=Quebec S.|date=August 15, 2020|department=Consulate of the Republic|website=NationStates|publisher=Consulate of the Republic|location= The League of Conservative Nations|page=1|language=English|access-date=August 15, 2020}}</ref>
 
 
 
== Rules and Fines ==
 
 
 
=== Rules ===
 
 
 
#Loans must now be 15% interest or lower, no loan may exceed that rate.
 
#Any loans that include profit takes to the loaners must not exceed 85%. New regulation.
 
#Loans which do not include an action and exist solely for the coordinated duplication of money are henceforth considered illegal and embezzlement at the discretion of the Consulate.
 
 
 
=== Fines ===
 
 
 
The Consulate Central Bank retains the right to fine you for various reasons, including but not limited to what is listed below.
 
 
 
*Attempting to evade taxation.
 
*Using another account to transfer funds to give yourself an unfair advantage, or similar activity.
 
*Attempting to acquire more government property than directed, or attempting to sell it to others.
 
 
 
This is subject to future updates as deemed appropriate by the Consulate.<ref name=taxesfines></ref>
 
 
 
== Investors ==
 
 
 
=== Investment Process ===
 
 
 
Process for the Five Figure Investment:
 
 
 
#Go to ''#consulate-central-bank''.
 
#Run the command ''?buy five'' to spend [[File:History l black.png|18px]] 10,000 on the "Five Figure Investor" role.
 
#Run the command ''?use five'' to use the role.
 
#Every day, you will earn [[File:History l black.png|18px]] 500. The role is indefinate.
 
 
 
Process for the Six Figure Investment:
 
 
 
#Go to ''#consulate-central-bank''.
 
#Run the command ''?buy six'' to spend [[File:History l black.png|18px]] 100,000 on the "Six Figure Investor" role.
 
#Run the command ''?use six'' to use the role.
 
#Every day, you will earn [[File:History l black.png|18px]] 5,000. The role is indefinate.
 
 
 
=== Five Figure Investors ===
 
 
 
*[[Amaan land (politician)|Amaan land]]
 
*[[Calamari (politician)|Calamari]]
 
*[[Creeperopolis (politician)|Creeperopolis]]
 
*[[Gagium (politician)|Gagium]]
 
*[[Greater Sacramento (politician)|Greater Sacramento]]
 
*[[Kanjuura (politician)|Kanjuura]]
 
*[[Karimun (politician)|Karimun]]
 
*Kawakaze
 
*[[Lyoa (politician)|Lyoa]]
 
*[[Protocol Rendezvous (politician)|Protocol Rendezvous]]
 
*[[Quebecshire (politician)|Quebecshire]]
 
*[[San Carlos Islands (politician)|San Carlos Islands]]
 
*[[Spode Humbled Minions (politician)|Spode Humbled Minions]]
 
*[[Terranihil (politician)|Terranihil]]
 
*[[The Constitutional Republic of Zion (politician)|The Constitutional Republic of Zion]]
 
*[[The Legion of Mankind (politician)|The Legion of Mankind]]
 
*[[Washingtonian Republic (politician)|Washingtonian Republic]]
 
*[[Willdavie (politician)|Willdavie]]
 
*[[Xusma (politician)|Xusma]]
 
 
 
=== Six Figure Investors ===
 
 
 
*[[Amaan land (politician)|Amaan land]]
 
*[[Calamari (politician)|Calamari]]
 
*[[Creeperopolis (politician)|Creeperopolis]]
 
*[[Gagium (politician)|Gagium]]
 
*[[Greater Sacramento (politician)|Greater Sacramento]]
 
*[[Kanjuura (politician)|Kanjuura]]
 
*[[Karimun (politician)|Karimun]]
 
*Kawakaze
 
*[[Lo Santano (politician)|Lo Santano]]
 
*[[Lyoa (politician)|Lyoa]]
 
*[[Quebecshire (politician)|Quebecshire]]
 
*[[Spode Humbled Minions (politician)|Spode Humbled Minions]]
 
*[[Terranihil (politician)|Terranihil]]
 
*[[The Constitutional Republic of Zion (politician)|The Constitutional Republic of Zion]]
 
*[[The Legion of Mankind (politician)|The Legion of Mankind]]
 
*[[Washingtonian Republic (politician)|Washingtonian Republic]]
 
*[[Willdavie (politician)|Willdavie]]
 
*[[Xusma (politician)|Xusma]]
 
  
 
== See Also ==
 
== See Also ==

Latest revision as of 00:26, 23 May 2023

Consulate Central Bank
Consulatelogo.png
1 lc.png
One Leaguecredit
HeadquartersThe League
EstablishedAugust 9, 2020 (2020-08-09)
OwnershipConsulate of the Republic
Chief ConsulQuebecshire
Central bank ofThe League
CurrencyLeaguecredit

The Consulate Central Bank, abbreviated CCB, was the central financial body of the LCN and was owned and operated by the Consulate of the Republic. During its activity, the CCB was the institution that created and regulated the currency of the LCN, the Leaguecredit. It was effectively shuttered on 21 December 2021 with the phaseout of the Leaguecredit. The CCB oversaw government official's salaries, pensions, Consulate loans, taxation, and other Consulate initiatives.[1]

Additionally, a system of "investments" was established, allowing citizens to invest either 10,000 or 1,000,000 Leaguecredits to get passive income over time.

See Also

References

  1. Hire, Quebec S. (August 15, 2020). "CONSULATE CENTRAL BANK - FIRST PUBLICATION OF TAX CODES AND FINANCIAL PENALIZATION CONDITIONS". Consulate of the Republic. NationStates. The League: Consulate of the Republic. p. 1. Retrieved August 15, 2020.