1st Coinage Act

1st Coinage Act of the Republic of Amasenen

Submitted by Fredrik Henriksen

Passed the legislature on August 24th, 2019; 11 Ayes, 3 Nays

Signed into law by President Anthony Magallanez

=Article I.           Establishment of the Department of the Treasury= =Section 1: The Republic of Amasenen will hereby establish the Department of the Treasury.= ==Section 1.01                   The Department of the Treasury is an executive department and the treasury of the Amasenen federal government. The Treasury prints all paper currency and mints all coins in circulation through the Republic of Amasenen Mint, respectively; collects all federal taxes through the Bureau of National Revenue (BNR); manages Amasenen government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy.== ===(a)    The Department is administered by the Secretary of the Treasury, who is a member of the Cabinet. Senior advisor to the Secretary is the Treasurer of Amasenen. Signatures of both officials appear on all Federal Reserve notes.===

(b)    The Department of the Treasury shall oversee the Federal Reserve, the National Revenue Bureau, and the Amasenen Mint.
=Article II. Establishment of the Kori=

(i)    The coins will be issued in denominations of 2k, 1k, 50c, 25c, 10c, 5c, 2c, and 1c.
===(b)    All circulating coins have a common side showing the denomination or value, and a map of the Republic of Amasenen in the background. The local side will feature natural scenes of each of the several states.===

(ii)    The reverse face of the note will depict a map of the Republic of Amasenen surrounded by twelve starts, one for each of the original member states.
The following table depicts the specifications of the first series of Kori notes.