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.