DHANA REGULATIONS
The twelfth day of the month of June
of the year 2002
The Committee of the Representatives
of the Republic of the Earth provided by the third paragraph of the
Dispositions of Performance
Given the 11th article of the Constitution and the 8th
paragraph of the Dispositions of
Performance concerning the issue of the
Republic of the Earth's currency
Whishing to proceed to the first issue of such currency
Considering the necessity to establish its issue, management and control
basic rules
With the majority of all the members of the Committee
Approves and issues the hereby regulations named
«Dhana Regulations»
Article 1
Institution of the Dhana currency
A new universal currency has been instituted.
Dhana is issued by the Republic of the Earth.
The monetary system based on Dhana currency is managed and conducted by
means of the norms contained in the hereby Regulations.
Article 2
The origins
Dhana
originates from individuals who have decided to guarantee a currency with
resources built up from capitals of companies and bodies.
Article 3
Cause
Dhana's cause is the need to adopt a universal monetary system useful to
all the inhabitants of the planet and free from any power.
Those who guarantee Dhana do not influence its destination or its use.
Article 4
Aims
Dhana proposes to redistribute wealth equally among all the inhabitants
of the Earth and to bring money's function back to its exchange mean nature.
Dhana also aims to improve economic relations in order to win poverty on
the entire planet by soliciting the allocation of the maximum possible amount
of wealth towards productive objectives.
The Dhana monetary system must guarantee the achievement of such aims.
Article 5
Definitions
Dhana is an intermediary economic good for exchanges.
It's a value measure and payment means.
Article 6
Voluntary acceptance
The acceptance of Dhana as payment is voluntary.
Who takes part to the Republic of the Earth accepts payments in Dhana.
Article 7
Kana-Dhana
Dhana is divided in one thousand Kana-Dhana.
One Kana-Dhana represents a thousandth of one Dhana.
Article 8
Issue Value
Dhana is issued to the nominal value of 25 Euro.
Article 9
Guarantees
Dhana is guaranteed by its intrinsic value or by enterprise's capitals.
Article 10
Convertibility of Dhana
Dhana is convertible in shares of capitals owned by those who guarantee
it.
The conversion of Dhana in shares of capitals placed as its guarantee is
excluded.
The shares of the capitals guaranteeing Dhana are convertible in Dhana.
Article 11
Interests
To lend Dhana cannot yield interests.
Interests are only admitted for payment delays.
Article 12
Currency's typologies
Dhana is issued in physical, electronic and data transmission currency.
Physical currency is made with any kind of material.
Electronic and data transmission currencies are immaterial.
All types of dhana money are exchangeable with each other.
Article 13
Physical currency
Physical Dhana is issued in paper or other material tickets and in
metal.
Paper and other material tickets are manufactured using secret techniques
in order to avoid counterfeiting.
The alloys and the techniques used for the metal coins are confidential.
Article 14
Total guarantee
Dhana issued in paper or other materials tickets and in electronic and
data transmission currency is guaranteed by the capitals of companies or
bodies.
The subjects that guarantee Dhana are public property.
Article 15
Capitals as security
The capitals that guarantee Dhana are acquired at the nominal value.
The securities given to Dhana's issues cannot be withdrawn except after
the annulment of the Dhana they guarantee.
Article 16
Dhana tickets
One side of the Dhana and Kana-Dhana tickets shows a galaxy, the earth's
planisphere, the issue serial number, the year of issue, its nominal value and
the name of the subject and the signature of who guarantees the issue.
The other side shows the logo of the Republic of the Earth and the
nominal value.
Dhana tickets are issued in the following denominations: 1, 5, 10, 50
and 100 Dhana and 1, 5, 10, 25, 50, 100, 250 and 500 Kana-Dhana.
The denominations are easily recognizable by the blind.
Article 17
Dhana coins
Dhana in metallic currency is emitted in tombak and gold coins.
The value of the Dhana in metallic currency is indicated on the coins.
Article 18
Dhana in tombak
Tombak Dhana is issued in 1 Dhana and 1, 5, 10, 50, 100, 500 Kana-Dhana.
Article 19
Dhana
in gold
Dhana in gold is issued in the denomination of 10 Dhana.
Article 20
Electronic currency
Dhana in electronic currency is a value registered in the electronic
Gandhana cash box, the value changes according to the carried out payments and
payment collections.
Article 21
Gandhana
Gandhana is an electronic cash box that transfers a sum in Dhana to
another electronic Gandhana within the distance of a few meters.
In order to guarantee maximum security to the owner, the key codes of
each Gandhana can be modified anytime.
Article 22
Data transmission currency
Dhana in data transmission currency is a value registered in an account
of the Akadhana system, the value changes due to payments and payment
collections.
Article 23
Akadhana
Who owns an account in the Akadhana system can transfer Dhana to any
other account within the same system.
Article 24
Issue
Those belonging to the Republic of the Earth are assigned 100 Dhana in
tickets of different denominations.
Article 25
Issue cost reimbursement
Dhana is assigned just on reimbursement of the issue cost.
The reimbursement sum is proportional to the average yearly income of
the country of who receives the assignation, as indicated in the First Table
hereby attached.
Mechanisms are established in order to allow the recovery of the issue
cost reimbursement.
Article 26
Consignment
The consignment of the assigned one hundred Dhana to those who take part
in the Republic of the Earth is carried out after the reimbursement of the
issue cost.
Before receiving the assigned amount the beneficiary must point out
three new adherents to the Republic of the earth.
Article 27
Exchanging metallic Dhana
Metallic Dhana can be exchanged with any currency to the value of 25
Euro per Dhana.
Article 28
Issue Limits
After the first issue, no further issue exceeding 100 Dhana per each
participant in the Republic of the Earth will be allowed, except in case of
need for diffusion requirements or humanitarian initiatives.
Article 29
Diffusion
requirements
Dhana quantities exceeding 100 per each participant in the Republic of
the Earth can be issued in limited amounts indispensable to promote new
adhesions.
Article 30
Humanitarian initiatives
Dhana addressed to humanitarian initiatives decided by the Republic of
the Earth can be issued within a maximum limit of one twentieth of the total
issued amount.
Article 31
First issue
The first issue amounts to six billion Dhana guaranteed by a capital with
nominal value par to 150 billions of Euro.
The first issue is in paper tickets and electronic and data transmission
currency.
Article 32
New issues
The second issue will amount to thirty-four billion Dhana guaranteed by
a capital with nominal value par to 850 billions Euro.
Every issue must be totally guaranteed in advance by a capital of 25
Euro per Dhana, except in case of issues addressed to the substitution of
called in money.
Article 33
Dhura
The manufacturing of Dhana in tickets and metal is entrusted to Dhura.
Article 34
Functions of Dhura
Dhura produces and spreads Dhana and watches over its monetary system.
Article 35
Printing and minting
Dhura prints Dhana tickets and coins metallic Dhana either directly or
through third parties, establishing the modalities.
Article 36
Gandhana's management
The electronic Gandhana cash box is managed and controlled by Dhura.
Article 37
Spread of Dhana
Dhura spreads Dhana on the planet through its own staff and covering the
relative costs.
Article 38
Dhura's
organs
The organs that manage and direct Dhura are the General Council, the
Issue Committee and the Control Committee.
Article 39
General
Council
The General Council holds all the powers related to the issues and to
the managing and control of Dhana and its monetary system.
Article 40
Structure of the general Council
The General Council is made up of thirteen councilmen designated for
three years by the Government of the Republic of the Earth.
All of the councilmen can be removed.
The members of the General Council can be designated more than once.
The members of the General Council cannot hold other public positions
nor represent companies or institutions.
Article 41
Non valid decisions
Decisions taken by the general Council of Dhura, which are in evident
contrast with the present regulations, cannot be considered valid.
Article 42
Presidency
of the General Council
The General Council elects a President among its members.
Immediately after it elects a First Vice-president and a Second Vice-president
that hold their position until the election of a new General Council.
In case of absence or impediment of the President, he /she will be
replaced by the First Vice president or in his/her absence or impediment by the
second Vice-president.
In emergency situations, the president or his/her substitute will take
urgent decisions.
If the General Council doesn't ratify such decisions within two days
time, they will be considered as repealed.
Article 43
Meetings of the General Council
The General Council meetings are presided over by the President or, in
his absence or in case of impediment, by the Vice-president.
Until the election of its President, the General Council is presided
over by the person appointed by the Government of the Republic of the Earth.
Article 44
Decisions
of the General Council
The General Council decides with a majority of at least seven members.
Article 45
Delegations of the General Council
The General Council can delegate part of its powers to one or more of
its members but it cannot delegate the decision to issue new Dhana.
Article 46
Representation of Dhura
Among private and public subjects, the issue body Dhura will be
represented, directly or by proxy, by the President of the General Council.
In case of absence or impediment of the President, he /she will be
replaced by the First Vice president or in his/her absence or impediment by the
second Vice-president.
Article 47
Issue Committee
The Issue Committee proposes the issues of Dhana to the General Council
and executes or gets others to execute the decisions concerning the issues.
Article 48
Structure
of the Issue Committee
The Issue Committee is constituted by seven members appointed for three
years by the Government of the Republic of the Earth, who can remove even only
one of them from their position.
The members of the Issue Committee can't hold other public positions nor
represent enterprises or institutions.
Article 49
Coordination of the Issue Committee
The Issue Committee elects, among its members, an Issue Co-ordinator and
a Vice Issue Co-ordinator that hold their position until a new Issue Committee
is appointed. In case of absence or impediment, the Issue Co-ordinator will be
replaced by the Vice-Issue Coordinator.
Article 50
Meetings of the Issue Committee
The meetings of the Issue Committee are presided over by the Issue
Coordinator or in his or her absence by the Vice-Issue Coordinator.
Until the elections for the Issue Co-ordinator, the meetings of the
Issue Committee are presided over by the person appointed by the Government of
the Republic of the Earth.
Article 51
Decisions of the Issue Committee
The Issue Committee decides with a majority of at least four members.
Article 52
Delegations of the Issue Committee
The Issue Committee can delegate part of its powers to one or more of
its members but it can't delegate the presentation of proposals to the General
Council.
Article 53
Control Committee
The Control Committee watches over the regularity of the issues and of
the monetary system and proposes possible interventions to the General Council.
Article 54
Structure of the Control Committee
The Control Committee is constituted of seven renewable members
designated for three years by the Government of the Republic of the Earth who can
remove even only one of them from their position.
The members of the Control Committee can't hold other public positions
nor represent enterprises or institutions.
Article 55
Coordination of the Control
Committee
The Control Committee elects, among its members, a Control Co-ordinator
and a Vice Control Co-ordinator that hold their position until a new Control
Committee is appointed.
In case of absence or impediment, the Control Co-ordinator will be
replaced by the Vice-Control Coordinator.
Article 56
Meetings of the Control Committee
The meetings of the Control Committee are presided over by the Control
Coordinator or in his or her absence by the Vice Control Coordinator.
Until the election of the Control Coordinator, the meetings of the
Control Committee are presided over by the person appointed by the Government
of the Republic of the Earth.
Article 57
Decisions of the Control Committee
The Control Committee decides with a majority of at least four members.
Article 58
Delegations of the Control Committee
The Control Committee can delegate part of its powers to one or more of
its members but it can't delegate the presentation of proposals to the General
Council.
Article 59
Dhura
Regulations
The regulations of Dhura are decided by the General Council as well as
the proposals made by the Issue Committee or the Control Committee and before
coming into force they are ratified by the Government of the Republic of the
Earth.
Article 60
Provisional norms
Until the election of the Government of the Republic of the Earth its
functions provided by the Regulations of Dhana will be carried out by the
Committee of the Representatives of the Republic of the Earth.
Approved and issued on the 12th of June 2002
by the Committee of the Representatives of the Republic of the Earth.
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