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Introduction
The
Royal Borneo Nations Monetary policy is all
about the Central Bank’s strategies that
exclusively dictate how much money is required
for effective circulation in the Kingdom and
what supports the money to give it value in
order to maintain stability in the local economy
and create consistent sustainable development
growth.
The
Central Bank's policy is created according to
the common laws granted by the Ministry of
Finance as implemented at a directive proclaimed
by the Sovereign Monarch of the Kingdom to
create Central Banking operations and all
monetary policies for the benefit of the peoples
of the Royal Borneo Nations.
The
currency of the Royal Borneo Nations is based on
historically proven and reliable strategies of a
gold standard in order to create national
stability for sound ecological development and
by having the Kingdoms currency linked to gold;
living standards for the Citizens of the Kingdom
of Borneo can be maintained at an efficient and
affordable standard.
Being a small and recently recognized Kingdom
that is committed to its ecological yet modern
and efficient development of new “green”
infrastructure with consideration to
humanitarian and human rights issues; we
recognize the need to build strong alliances
with other Sovereign Nations and to constantly
evaluate our strategies and flexibility to
implement change but only after careful
considerations of the effects of such changes.
Mission Statement of the Central
Bank:
To
establish sound Monetary Policy that:
·
*
Promotes stability of the Kingdoms banking
system,
· *
Protects the interests of depositors through
transparent compliance ,
· *
Provides confidence of the general public and
foreign investors,
· *
Proves a reliability of sustainable growth and
profit for domestic and foreign investors
without complicated
bureaucracy,
· *
Provides confidence for investors and depositors
while enabling growth and profitability for the
industry.
The Master Plan
* To
establish a balanced of sufficient currency to
meet domestic demands without significantly
increasing
the differential between family
income and family expenditure,
* To
maintain inflationary controls in the midst of
developing the Nation and
* To
create flexible policy that empowers and
promotes sustainable growth.
Inflation
Central Bank policy will be designed to keep
inflation levels stable and as low as possible
in order to maintain constant value of the Royal
Borneo Currency and to create productivity
without negatively impacting on the economy.
Interest Rates
Interest rates are directly and proportionately
related to the expenditure of a Nation’s people
and therefore the capacity of which the citizens
have a capacity to improve their lifestyle.
Consequently, the balance between inflation and
interest rates will be closely monitored so as
to create effective spending without impacting
on citizens decisions of how to improve their
lifestyle.
Legal Banking System and
Framework
The
Royal Borneo Nations Central Bank is the issuer
of Bank Licenses in the Kingdom and implements
its legal banking framework based on
ASSET-BACKED banking. All regulations and
decisions of licensing are based on the
real-value asset backing of the bank to be
licensed and regular “real-time” reporting
compliance to ensure and guarantee stability and
integrity of the banking system.
The
Royal Borneo Nations Central Bank, under
authority empowered by the Ministry of Finance,
monitors, regulates, and issues compliance
orders and/or directives to banks of the banking
systems in the Kingdom.
Evaluation of Market Trends and
Data.
There is a lot said (some positive and some
negative) about the influences that evaluation
of market trends and data can have on the
economic development of a new nation. The Royal
Borneo Nations Central Bank will proceed
cautiously regarding any evaluations and the
influences such market trends and data will have
in the development of the Kingdom’s monetary
policies. The main focus will be on the
development of the Kingdom’s commercial,
humanitarian and infrastructure projects and to
support foreign trade for the benefit of the
peoples of The Royal Borneo Nations.
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