CENTRAL BANK of
BAROTSELAND
Generating Wealth and
Prosperity for the Future of Barotseland
£
Barotseland Mupu currency Act of 2012
I, Alexander Mwangelwa, Governor of the Central Bank of Barotseland, declare
that in order for the Central Bank of Barotseland to fully and properly
function as the Central Bank of the Barotseland Nation, with its purpose of
serving the Barotseland Citizens: give notice that after consultation with
the Governing Court of Directors, The Privy Council of the Central Bank of
Barotseland, and with the approval of the Cabinet of the Barotseland
Government in waiting, we hereby have decide the following.
I. The need for a National Currency for the People, Nation, State, Territory
and Country of Barotseland is indicated.
II. That the Barotseland Currency shall be in electronic, paper and coinage
form, and in suitable denominations called Mupu (currency code BMS and 362)
is the unit of currency of Barotseland. It is normally abbreviated to the
pound sign, or alternatively BMS. The Mupu is divided into 100 (equal)
pence.
III. Whereas quantities for paper bills of credit (Mupu) are needed to be created and issued in the Nation and territories of Barotseland, by virtue of acts, orders, resolutions, or votes of assembly, such bills of credit are henceforward to be legal tender in payment of money.
IV. That from and after the 28th day of February 2012, no act, order, resolution, or vote of assembly, in the Nation and territories of Barotseland, shall be made, for creating or issuing any other type of paper bills, or bills of credit of any kind or denomination whatsoever. Such paper bills, scripts or bills of credit shall not be legal tender in payment of any bargains, contracts, debts, dues, or demands whatsoever; and every clause or provision which shall hereafter be inserted in any act, order, resolution, or vote of assembly, contrary to this act, shall be null and void.
V. And whereas great quantities of paper bills, or bills of credit, from Zambia which are now actually in circulation, and currency in the Nation and territories of Barotseland, emitted in pursuance of acts of annexation; we declare such bills shall be removed from circulation as expediently as possible but without hardship to the citizens of Barotseland. Temporary coexistence of Barotseland and Northern Rhodesia currencies shall be tolerated only as long as necessary to secure the restoration of Barotseland Sovereignty.
VI. And be it further enacted by the authority aforesaid, That if any government official, in the Nation and territories of Barotseland, shall, from and after the said 28th day of February 2012, gives his assent to any act or order of assembly contrary to the true intent and meaning of this act, such act shall be a nullity.
VII. The Mupu (BMS) shall initially be valued on par with the South Africa Rand (ZAR) and shall float against this benchmark after issuance.
VIII. This Act may be supplemented by such as other laws promulgated by the Central Bank of Barotseland as necessary to implement it.
28th February 2012
Alexander Mwangelwa
Governor, Central Bank of Barotseland
Contact us
barotseland.government@gmail.com
|
HOME |
GOVERNMENT | HEAD OF STATE
| DEFENCE FORCES |
CITIZENS |
BANKING |
INDUSTRY TRADE & BUSINESS |
ECONOMY |
PRIVATE
PROPERTY | LEGAL SYSTEM |
POLITICS |
ELECTORAL COMMISSION
| TOURISM |
Barotseland Free State © 2012
| Site Map |
Kingdom of Barotseland, Central Austral Africa, Linyungandambo, Tukongote Litunga In Lyetu