Espaerian Economy

## Espaerian Economy Policy

### 1. Introduction of Esapaerian Dollar (ESD)

1i. With the introduction of the Espaerian Dollar, the only distributor legally obliged to issue the currency is the Central Bank of Espaeria (CBoE). Any issuance of the currency made by other jurisdictions will also be controlled by the CBoE. The Espaerian Government currently recognises the ESD as the national currency, therefore ESD will continue to circulate and will only be ceased if the ESD is brought into question, and or loses its value and popularity among the realm.

1ii. The Espaerian Dollar will be handled through Discord, no form of physical currency exists in the world.

1iii. Central Bank of Espaeria is authorised by the Espaerian Government to set the Espaerian Dollar’s monetary policy by regulating the supply of money. This is exercised by the board situated in the CBoE. They exercise control over the issuance of money by approved banks within the Espaerian Banking Group and any banks which have been recognised and granted the ability to issue currency in Espaeria. This is through Discord with the assistance of Discord moderators. Because there is no physical currency, there is no need for a Mint to be established at this time. The treasurer therefore will be responsible for the administration of financial assets and any liabilities in Espaeria. No exchange rate is recognised at the time given. The currency is free floating, which means the currency is not tied to any physical asset.

1iv. All economic transactions should be recorded either by an individual or the organisation transacting that money. The CBoE will always record any transaction of money and expects any affiliates to do so. If organisations fail to do so, the CBoE will not take legal responsibility for the failure to record relevant information.

1v. If a player wishes to request any information held of them, they can do so under the law. An organisation which holds this information therefore has to provide that information. The CBoE, will provide any information requested from them by legal authority. This will be a bank statement.

1vi. Government funds are held in the Espaeria Bot account, these funds are expendable by the government to finance anything they wish to through commissions and grants. The government generates these funds through tax methods such as the GPRO. If an individual wishes to personally provide funds - once the money is in the government account, they cannot withdraw that money at a later date. The money therefore will always remain in the government funds.

1vii. A player can enter overdraft, the maximum period to pay these funds is 3 days unless altered by a judge. If a player fails to pay this in the given time, their account will be suspended.

### 2. Circulation

2i. On the topic of circulation, which brings us to the hardest section to establish, we all have the aim to build and develop within the world. However, when it comes to this the need for cash flow within the economy is crucial to give purpose to the bank. I feel it would be wrong and in opposition of our morals on the server if I were to enforce a cruel system which prohibits people’s ability to prosper in the world. Therefore, I would like to introduce systems which advantage the player rather than just solely thinking about the bank.

2ii. With the introduction of these systems a currency can still be present, and hopefully will serve some purpose in the future to come in trading and investment. These are the founding systems of the Espaerian Economy, and will hopefully begin to be broken down as we progress to accumulate more wealth in circulation.

### 3. Player Activity Reward

3i. This system is set up to reward the player for their activity on the server. A sum of cash will be deposited into each players accounts on the Wednesday evening of each ‘Pay Period’ which will be the week prior to that Wednesday. It is in the responsibility of the player to record their times and communicate them to the bank administrator on Discord including a screenshot, if possible, before 21:00 of each Wednesday. A failure to do this will result in the payment not being processed.

3ii. The individual, in order to be paid require an active current account.

3iii. For each hour the player is active on the server they will be entitled to 12 ESD, with exceptions such as a breach of regulation. If a player is found to have inconsistent activity hours and many hours without much settlement progress, then an investigation could lead to the money being denied to the individual.

3iv. There is not an application necessary however the individual must be present on Discord and deemed eligible by the government with an active and approved current account.

3v. Discord allows the bank to deposit funds and view player’s accounts while allowing the player to store their money securely.

3vi. A player who is banished from the server will not be accounted for.

3vii. If a player is being prosecuted in a court, the period from when the trial begins until it ends will not be accounted for. The session duration will be recorded by the individual(s) responsible for the judicial process. The CBoE has faith in these persons to rightfully record this information and provide the bank with the duration.

3viii. A player who wishes to not be paid this money is obliged to make an appeal to the bank and request their consistent deposits to be ceased. This can be done through Discord, either in a public or private manner between a Bank Administrator.

3ix. The bank is responsible for all payments made to the players which receive this fund.

3x. After 24 hours of play time on the realm server, the timer will revert back to 0. If this happens make sure you notify an administrator of this when submitting activity hours.

### 4. Infrastructure Fund

4i. This system is set up to grant the player a sum of cash subsequent to the completion of a structure. A sum of cash will be deposited into each player’s account after the assessment and surveying of the completed structure have come to an end. A price is worked out by the rough dimensions of the structure.

4ii. For each block on the x axis, each block on the y axis, and each block the building rises on the z axis are times together to create a total, and multiplied by 5 as a stimulant.

4iii. A player can claim this fund for any structure created on the server unless the structure is deemed offensive or inappropriate (not appropriately sized, etc) by the surveyor. Player must cooperate with the surveyor in order to receive any payments.

4iv. A player must abide by settlement rules set by the authority in charge to be granted the money.

4v. The surveyor is responsible for confirming the structure is not offensive nor inappropriate.

4vi. The surveyor is responsible for carrying out their role and the CBoE has faith in the individual which takes out the survey.

4vii. The surveyor is responsible for providing a rough block count of the structure to the CBoE.

4viii. The bank is responsible for all payments made to the players which receive this fund.

4ix. The surveyor, for the meantime, will be overseen by the CBoE board.

4x. A spire of a building will not be counted unless it is substantial to the rest of the building.

4xi. A structure any smaller than 10x10x5 will not be counted.

4xii. Statues will not be counted, neither will any pathways or roads. Vegetation will not be counted.

4xiii. If you have a query about a building and if it is eligible for the fund, please contact any administrator in the Bank, either publicly or privately.

4xiv. If you are working on behalf of territory owned by another person, or organisation, then the revenue gained from that structure will be granted to the owner. It is the responsibility of the land owner to distribute those funds afterward.

4xv. Players must notify a bank administrator if in their settlement, a building which has already previously been surveyed is subject to receive a permit. If a player fails to do so, the bank administrator can fine the player.

4xvi. If a player wished to remove a buildings title and therefore would deem the permit useless is not eligible for refund. Permits are one time payments and will never be given back to a player even if their purpose is no longer.

4xvii. A bank administrator can request to see the validity of buildings which have previously been surveyed if needed.

4xviii. A sporting ground or any other building which requires a permit, will be measured by area if a building does not properly show the true size of the grounds.

### 5. Government Permit of Recognition and Ownership (GPRO)

5i. This permit is given to the individual(s) which wish to legally establish a building in their state/area. Without this permit, a buildings title will not be officially recognised and will not be able to run legally. For example, if a state wishes to have a courtroom in their settlement, they will have to pay for the permit to have that building recognised as one by the Espaerian Government. The observer will finalise a price depending on the structure’s size and settlement classification.

5ii. This is optional, and if a player wishes to not pay this permit there is no legal body able to force them to. Their building, however, will not be legally recognised and there are sanctions in place to make sure that the GPRO is being followed. Buildings which receive permits are sporting grounds/structures, buildings which run under an organisation, buildings which run legal operations.

5iii. If a player does not follow the GPRO, a player can face penalties for the action of not legally registering their building. This overrules the Infrastructure Funding - player will still be charged for a building which is declined funding.

5iv. The observer and surveyor are responsible for giving an accurate recommendation and fair price of the building. Fees are subject to change in the near future.

5v. The player is responsible for legally registering a building made in their settlement and applying for the permit if need be within their request for survey.

5vi. If you have a query about the permit, please contact any administrator in the bank, privately.

5vii. The bank is responsible for all payments made by the players which register their buildings.

This is relying on the engagement of the server’s players, we do not wish to hinder enjoyment, we only want to do the best for the role-play

### Members of Board

Chairman of Financial Bureau of Espaeria (2022)
Financial Minister, Under President Joe (March-April)
Financial Minister, Under President Sir James(April)

### Mission Statement and Standards for roles

The purpose of the Board of Directors in the CBoE is to make and query all decisions made in Espaeria. It is also the responsibility of the board to ensure systems are running correctly in the economy, to ensure stability and serve the states people which make use of the currency. The board are the executive heads of the CBoE and have power over all financial institutions in Espaeria - this does not necessarily mean they have control in decision making, however still have responsibility for those institutions. The board is entrusted by the Espaerian Government to enforce economic regulations which are rightful and calculated.

Minister of Finance Role, appointed by the President to oversee government presence in the CBoE. Will work with the Chairman and directors to make executive decisions within the board. Also advises on budgetary decisions on behalf of the government and is the head of funding and grants. Responsible for information held about players and financial documents; upkeep of these documents.

Executive Chairman, appointed within the Central Bank - irreplaceable unless the accountability of that person is no longer recognised by server officials or chairman personally resigns. Will lead the board of the CBoE and finalise decisions made. Trusted by the entirety of the Espaerian Server to serve rightfully and prevent wrongful actions from happening. Advises on budgetary decisions made by the Minister of Finance. Personally responsible for the Espaerian Economy. Responsible for information held about players and financial documents; upkeep of these documents. Cannot replace Minister of Finance but can act as both roles.

Director, appointed within the Central Bank - replaceable upon decision from Executive Chairman, unless ruled otherwise in court. Takes responsibilty for carrying out orders and duties within the board passed down from the Executive Chairman. Responsible for information held about players and financial documents; upkeep of these documents.

### Interest Accounts

#### Naridia Bank Investment and Shares

Naridia Bank is part of the Espaerian Banking Group and is privately owned by the founder & chairman,  Ben Rhys Forbes (yoogim) along with bank Directors, being the Chairman and other executives. The bank is set up to provide private services and financial services to the players of Espaeria.