Consulate Central Bank

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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.