Cartae Sacrorum De Congregatio Asia
Asia Union Charter
Article 63 - Asia Union Treasury
The Asia Union Treasury is the principal and primary office, place, chamber, storehouse, vault, penitentiary and temple for the recording and safe keeping of all precious items in the possession of the Asia Union.
The Trust Number for the Asia Union Treasury is:
All international laws and agreements concerning areas defined by the present Charter as being within the bounds, scope, jurisdiction and authority of the Asia Union. Furthermore, all financial, banking and treasury entities defined by such laws or agreements shall automatically be assumed under the final authority and responsibility of the Asia Union Treasury.
The purposes of the Asia Union Treasury are:
(i) To receive and store safely all precious items in the possession of the Asia Union, including but not limited to those items posited in trust with the Treasury and ensure that such transactions are properly recorded and acknowledged; and
(ii) To possess and hold in reserve sufficient Gold Credo (Credit) underwritten by Supreme Credo (Credits) to meet the long term need for financial stability and capital liquidity by the people and enterprises within the bounds of the Asia Union; and
(iii) To grant for the benefit of the Asia Union Reserve Bank sufficient Gold Credo (Credit) that enable sufficient Silver Credo (Credit) to be formed by the Bank as underwriting to a single regional currency unit and means of physical and digital exchange; and
(iv) To provide receipt and right of use of the necessary instruments of underwriting and mechanisms to maintain a single universal currency unit known as the Asia Union Moneta and fulfil the needs of the Asia Union. To enable all financial matters and transactions for all Member States to be able to be defined according to this single Union currency unit; and
(v) To provide cash and valuables management facilities for the receipt, posit, deposit, store, withdrawal, payment and conversion requirements of the government of the Asia Union; and
(vii) To cooperate with the Globe Union Treasury and regional Union Treasuries in honoring the framework of the Supreme Financial System; and
(viii) To provide a cooperative framework between the principle Treasury and Financial organs of each Member of the Treasury such that optimum and stable policies may be in place for each state in regards to prices, wages, unemployment, growth, debt and investment; and
(ix) To help facilitate the expansion and balanced growth of trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all Member States as primary objectives of economic policy of Africa; and
(x) In accordance with the above, to assist the Union in the achievement of its purposes and principle objectives.
In accordance with Article 118.5 of the most sacred Covenant and Deed Pactum De Singularis Caelum also known as the Covenant of One Heaven, the present Charter recognizes the balance of Forty million five thousand (40,005,000) Supreme Credo (Credits) conveyed to the benefit of the Asia Union Treasury through Account Number 964100-999999-999999 on UCA E8:Y3208:A17: S2:M18:D4, also known as [14th March 2009].
Furthermore, the present Charter acknowledges the conveyance of Two billion two hundred and fifty thousand (2,000,250,000) Gold Credo(Credit) on UCA E8:Y3209:A1:S1:M6:D1, also known as [21st December 2009], by the Globe Union Treasury to the custody and safekeeping of the Asia Union Treasury as the use of value of Supreme Credo (Credits) held in trust for the benefit of the Asia Union. It is also acknowledged a second store of equal value of Gold Credo (Credit) is hereby being held in trust by the Globe Union Treasury for the benefit of the Asia Union Treasury.
Finally, it is acknowledged that on UCA E8:Y3209:A31:S3:M10:D4, also known as [23rd May 2010], the Asia Union Treasury issued approximately Twenty thousand two billion and five hundred million (20,002,500,000,000) Silver Credo (Credit) against the value of Gold Credo (Credit) held by the Treasury for the benefit of the Asia Union authorized Members, organs and bodies, with approximately half of the total value of Silver Credo (Credit) then made available as clear funds through Account Number 964100-000000-000000 to the Asia Union Reserve Bank.
Asia Union Reserve Bank
Asia Union Exchange
Asia Union Disaster Relief Fund
Asia Union Bank for Reconstruction and Development
Asia Union Insurance Fund
Asia Union Government Budget Agency
Asia Union Finance Company
Asia Union Centre for Settlement of Investment Disputes (ICSID)
Each Member of the Union shall be provided a single set of standard accounts by the Union Treasury which represents their own financially related accounts. These shall be called Union Treasury Member Accounts.
(ii) The Credit Exchange Account shall be the standard account by which all cash exchange and payments by Member States shall be uniquely identified. All Member States are expected to maintain sufficient balance in their Credit Exchange Account to cover all confirmed payments and short term financial obligations. A Member State shall have only one (1) Credit Exchange Account; and
(iii) The Credit Investment Account shall be the standard account by which all long term cash grants and investments by Member States shall be uniquely identified. A Member State shall have only one (1) Credit Investment Account; and
(iv) The Credit Debt Account shall be the standard account by which all long term cash loans by Member States shall be uniquely identified. A Member State shall have only one (1) Credit Debt Account; and
(v) The Credit Contribution Account shall be the standard account by which all cash donations by Member States to the Union shall be uniquely identified. A Member State shall have only one (1) Credit Contribution Account; and
(vi) The Credit Relief Account shall be the standard account by which all cash relief and aid money for Member States shall be uniquely identified. A Member State shall have only one (1) Credit Relief Account.
The Asia Union Treasury shall be exempt and immune from all taxation including but not limited to:
(i) All stamp, registration and other duties on all deeds or other documents relating to the formation, operation or liquidation of the Treasury; and
(ii) All stamp, registration and other duties on any first issue of shares, certificates or any other securities to any central bank, financial institution, banking group or underwriter at or before or after the time of formation; and
(iii) Any and all taxes or contributions against the capital, reserves or profits of the Union Treasury whether distributed or not and whether assessed on the profits of the Treasury before distribution or imposed at the time of distribution under the form of a coupon payable or deductible by the Treasury; and
(iv)All funds deposited with the Treasury by any Government
The Bank will not be immune from its obligations in making necessary contributions on behalf of any staff and salaries paid to members of its organs and organization.
The Asia Union Treasury, its property and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings or by the terms of any agreement.
Property and assets of the Asia Union Treasury, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action whether in time of peace or in time of conflict.
Under extreme circumstances, by the present Charter and with a vote of either the Synod or House shall be granted temporary executive power over the standard accounts of a Member State. In such circumstances that it is deemed the good governance and financial conduct of a State is under serious threat, control shall be given to the Globe Senate and Curia to temporarily halt a Members account authorization.
Such emergency powers shall be limited by a clause restoring full control of accounts to a Member State. No resolution or act shall permit the ongoing suspension of a Member States standard accounts for longer than sixty (60) days.