Difference between revisions of "Energy Standard Organization"

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|data7        = [[Anna Damanaki]]
 
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|label8      = Working languages
|data8        = [[wikipedia:Greek language|Aetolian]], [[wikipedia:Neapolitan language|Echian]], [[wikipedia:Georgian language|Kartvelian]], [[wikipedia:Bulgarian language|Sakalian]], [[wikipedia:Norwegian language|Skadian]], [[wikipedia:Persian language|Vasari]]
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|data8        = [[wikipedia:Greek language|Aetolian]], [[wikipedia:Neapolitan language|Echian]], [[wikipedia:Georgian language|Varkan]], [[wikipedia:Bulgarian language|Sakalian]], [[wikipedia:Norwegian language|Skadian]], [[wikipedia:Persian language|Vasari]]
 
|header9      = Statistics
 
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[[Category:Energy standard]]
 
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Revision as of 08:15, 24 October 2016

Energy Standard Organization
TypeIntergovernmental economic organization
and de facto monetary union
Monetary systemEnergy standard
CurrenciesDrachma
Lari
Piastra
Qiran
Sendt
Lev
Established29 May 2006
Members
Governance
Secretary-GeneralAnna Damanaki
Working languagesAetolian, Echian, Varkan, Sakalian, Skadian, Vasari
Statistics
Population (2016)147,422,077
GDP (PPP) (2016)TBD
UnemploymentTBD
Trade balanceTBD

The Energy Standard Organization is an intergovernmental economic organization and de facto monetary union which regulates the energy standard and establishes the rules for commercial and financial relations among its members. The chief features of the ESO are an obligation for each member country to adopt a monetary policy that maintains the exchange rate by tying its currency to a fixed amount of energy and the ability to address exchange rates with fiat currencies of non-member countries subject to market valuations.

A treaty for the establishment of the ESO was signed on 29 May 2006 by the leaders of Aetolia, Svaneti and Varkana, and came into force on 1 January 2007.

Meetings

The finance ministers of the member states of the ESO meet every year to discuss and control the policies of the ESO. The ministers meet in camera a day before a meeting of generally a few days. They communicate their decisions via press and document releases.

Additionally, the heads of states of each member states meet every two years to promote the energy standard as a monetary system for Adonia.

Membership

Country Adoption Date Date of Sign
 Aetolia 16 January 2006 29 May 2006
 Armazia 28 August 2004 de facto
 Echia 7 August 2013 3 December 2013
 Sakalia 13 December 2014 25 February 2014
 Skade 13 June 2007 5 January 2008
 Svaneti 28 August 2004 29 May 2006
 Varkana 28 August 2004 29 May 2006
 Vasaras 16 October 2010 22 February 2011


The treaty establishing the Energy Standard Organization was formally signed by three states which adopted the energy standard: Aetolia (16 January 2006), Svaneti (28 August 2004) and Varkana (28 August 2004) on 29 May 2006.

Armazia is officially using the lari as its national currency and therefore de facto became members by using Varkana's currency in 2004, although it has no central bank.

Enlargement

Enlargement is one of the primary objective of the ESO. Varkan President Zurab Avalishvili has stated that his goal was to enlarge the ESO to all Adonian states, replacing the "inadequate IMF."

U/C

Exchange rates

Exchange rates of the energy standard users
Currency ISO 4217 code
(Symbol)
value
(June 2016)
energy amount
(June 2016)
VarkanaArmaziaLari
VAL (ლ)
1.00 1.00 = 12.12 kWh
Svaneti???
SV? (X)
1.70 1.00 = 7.13 kWh
AetoliaAetolian drachma
AED (Δρ)
?.?? 1.00 = ?? kWh
SkadeSendt
SEN (Ꭶ)
?.?? 1.00 = ?? kWh
VasarasQiran
QIR (Q)
1.34 1.00 = 9.05 kWh
SakaliaSakalian lev
SAL (L)
1.31 1.00 = 9.24 kWh
EchiaEchian piastra
EPI (₱)
1.02 1.00 = 11.87 kWh
BreislandBreislandic krone
BKR (₭)
1.11 N/A