Diamond Standard Act - Revision history

TheRandomMelon at 20:01, 14 August 2024

2024-08-14T20:01:27Z

← Older revision		Revision as of 20:01, 14 August 2024
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	\| amends =		\| amends =
	\| replaces =		\| replaces =
	\| amendments =		\| amendments =[[DC Regulation Act]]
	\| repealing_legislation =		\| repealing_legislation =
	\| related_legislation =		\| related_legislation =
	\| status = ~~current~~		\| status = amended
	\| legislation_history = https://legislation.osolia.xyz/track/Diamond_Standard_Act		\| legislation_history = https://legislation.osolia.xyz/track/Diamond_Standard_Act
	\| theyworkforyou =		\| theyworkforyou =
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	}}		}}

	The '''Diamond Standard Act''' is a [[Law in Osolia\|law]] in [[Osolia]], passed by the [[Osolian Assembly]] with 100% approval. It was the first bill to be passed by the Assembly. The act ties the [[Diamond Cent]] (DC) to an unchanging 1:128 exchange rate with diamonds.		The '''Diamond Standard Act''' is a [[Law in Osolia\|law]] in [[Osolia]], passed by the [[Osolian Assembly]] with 100% approval. It was the first bill to be passed by the Assembly. The act ties the [[Diamond Cent]] (DC) to an unchanging 1:128 exchange rate with diamonds. This act would later be amended by the [[DC Regulation Act]], which allows the Chiefdom of Osolia to place limitations on the minting of new DC.

	== Background ==		== Background ==

TheRandomMelon at 02:54, 27 June 2024

2024-06-27T02:54:09Z

← Older revision		Revision as of 02:54, 27 June 2024
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	Additionally, the legislation requires the government ensure any DC that are minted be backed by diamonds and those diamonds are secured from theft or becoming lost. Lastly, it was made the government's responsibility to acquire the diamonds needed to return to the set exchange rate if there was ever a discrepancy.		Additionally, the legislation requires the government ensure any DC that are minted be backed by diamonds and those diamonds are secured from theft or becoming lost. Lastly, it was made the government's responsibility to acquire the diamonds needed to return to the set exchange rate if there was ever a discrepancy.

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2024-06-26T18:55:23Z

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 {{Infobox Osolian legislation
 | short_title           = Diamond Standard Act
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-The '''Diamond Standard Act''' is a [[Law in Osolia|law]] in [[Osolia]], passed by the [[Osolian Assembly]] with 100% approval.  It was the first bill to be passed by the Assembly.
+The '''Diamond Standard Act''' is a [[Law in Osolia|law]] in [[Osolia]], passed by the [[Osolian Assembly]] with 100% approval. It was the first bill to be passed by the Assembly. The act ties the [[Diamond Cent]] (DC) to an unchanging 1:128 exchange rate with diamonds.

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2024-06-26T02:49:11Z

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{{Infobox Osolian legislation
| short_title = Diamond Standard Act
| type = act of parliament
| parliament = Osolian Assembly
| year = 2024
| introduced_by = [[Speaker of Osolia|Speaker]] [[tz_scion]]
| si_laid_date = 24 December 2023
| commencement = 25 December 2023
| expiry_date =
| repeal_date =
| amends =
| replaces =
| amendments =
| repealing_legislation =
| related_legislation =
| status = current
| legislation_history = https://legislation.osolia.xyz/track/Diamond_Standard_Act
| theyworkforyou =
| millbankhansard =
| original_text = https://legislation.osolia.xyz/archives/legi/passed/2023/Diamond_Standard_Act
| revised_text =
| collapsed =
}}

The '''Diamond Standard Act''' is a [[Law in Osolia|law]] in [[Osolia]], passed by the [[Osolian Assembly]] with 100% approval. It was the first bill to be passed by the Assembly.