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Economy on focus

With new offices to pay, the parliament votes new economic measures.

500 Doubloons banknote and pyrite.

On 8 Marh 2021 the Bicameral Act created 8 new offices and divided the members of the upper and lowers houses; previously an unicameral parliament with 16 seats, the new bicameral parliament holds 12 seats in each house. With 8 new offices to pay, the Ebenthali economic, at the verge of stagnation, would certainly go into recession. On 05 April, The Mt. Dig. Mr. Yuri Barcelos, Ministry of Commerce and Public Works, on behalf of Prime Minister Countess of Wittiza's Government, called for the debate on the fixation of the House of Councillor's wages, while the House of Aristocrats kept wage value of the former College of Peers. The debate, scheduled to the parliamentary session of April 11th, will adress as well the matter of stagnation with the proposal to start a campaign of voluntary collection of values, given the fact that Ebenthal does not charge taxes, to sustain the continuous annual purchase, this time of a greater quantity, of pyrite, mineral in which the value of Ebenthal's currency, the Conferential Doubloon, is backed. So far, the government proposes to match the wages of the upper and lower houses, set at Δ50 and expect to raise enough money to buy 2 kilogram of pyrite this year, instead of 1 kilo, and keep the annual purchase or the next years at 1.5 kg at least, in order to keep a low but steady growth.

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