Goals and values

Goals

The objectives of the Central Bank Auricoin are:

1. promote an economy based on work, to achieve peace, its values and the well-being of citizens;
2. offer freedom, security and economic justice, without borders;
3. promote sustainable development based on balanced economic growth and price stability, a highly competitive market economy with full employment and social progress, and environmental protection;
4. combat social exclusion and discrimination;
5. promote scientific and technological progress;
6. reinforce economic, social and territorial cohesion and solidarity among the Auricoin community;
7. respect the richness of its cultural and linguistic diversity; and
8. establish an economic and monetary union with Auricoin as currency.

Values

The values of the BCA are common to the members in a society in which inclusion, tolerance, justice, solidarity and non-discrimination prevail. These values are an integral part of our way of life:

Human dignity

Human dignity is inviolable. It must be respected and protected and constitutes the true basis of fundamental rights.

Liberty

Economic freedom gives citizens the right to decide, for there is no greater slave in a society than the one caused by money. Money belongs to everyone equally, since its purpose is none other than to express the value of people's work. With economic freedom, people obtain: Individual freedoms, such as respect for private life, freedom of thought, religion, assembly, expression and information, which are protected by the UN Charter of Fundamental Human Rights.

Democracy

The functioning of the BCA is based on representative democracy. Being a member of the Auricoin Community also means having political rights. All adult citizens of the Auricoin community have the right to run for the High Executive positions. The members of the Auricoin Community have the right to aspire to a position in the Auricoin banks.

Equality

Equality means that all citizens have equal rights. The principle of equality between men and women underpins all BCA policies and is the basis for the integration of our Community. It is applied in all areas.

Rule of Law

The BCA is based on the rule of law. The treaties, voluntarily and democratically agreed by the member banks, govern all its activities. Law and economic justice are always defended. The banks of the member countries have conferred on the Compliance Unit Department the competence to pronounce definitively and all must respect their sentences.

Human rights

The White Paper expresses the Fundamental Rights of the BCA, protects economic rights, including the right not to suffer economic discrimination, based on sex, racial or ethnic origin, religion or convictions, disability, age or sexual orientation, the right to protection of personal data, and the right of access to Auricoin money.

These objectives and values form the basis of the BCA and are set out in the White Paper, the management under Corporate Governance, Internal Rules of Conduct, Board of Directors Regulations, Audit and Compliance Regulations and the Charter of Fundamental Human Rights subscribed to by all countries of the world and enshrined in the UN.

In 2021, the Auricoin money was officially presented to the Members of the Nobel Prize in Economics, seeking academic recognition for its contribution to the advancement of balanced and sustainable Economic and Social Development, which will contribute to peace, reconciliation, democracy and human rights.

Auricoin Central Bank (ACB)

Overview

• Role: to manage Auricoin money, maintain price stability and direct the economic and monetary policy of the Auricoin Banks.
• Members: the president and vice-president of the ACB, the three independent advisors and the delegates of the Auricoin banks from all countries of the world.
• Year of creation: 2021.
• Headquarters: Internet.
• Website: www.auricoincentralbank.org

The Auricoin Central Bank (ACB) manages the Auricoin money, formulates, and implements the economic and monetary policy of the Auricoin Banks. Its main objective is to initiate a sustained economic and social development that will last through time, without distinction of creed, race or social strata for the good of all Humanity.

What does the ACB do?

• It sets the interest rates at which Auricoin banks lend to individuals and businesses;
• Ensures that Auricoin banks are well supervised by the ACB's Control Bodies;
• Ensuring the safety and soundness of the Auricoin banking system;
• Authorizes the issuance of new loans by the Auricoin Banks; and
• Educates the Auricoin Community about Auricoin money.

Composition

The President of the ACB represents the Bank at international and high-level meetings and has the following three decision-making bodies:

• Governing Council – the principal decision-making body.
• Executive Committee – manages the day-to-day operations of the ACB.
• The Delegate Board – implements monetary policy and exercises the powers delegated by the Governing Council.

Governing Council:

It is composed of the president and vice-president of the ACB and three other members appointed by the country delegates for a term of eight years.

Executive Committee:

It is composed of the Deputy Management of Payment Systems and Banking Operations of the ACB.

The Delegate Board:

Composed of the Delegates of the Auricoin Banks.

• General Council – has a consultative and coordinating role.

It is made up of the president and vice-president of the ACB and 3 independent Advisors.

How does the ACB work?

The ACB works with Auricoin banks in all countries. Together they form the Auricoin Banks Economic System.

Directs the cooperation between the Auricoin banks, the so-called "Aurisystem".

Work of the governing bodies:

• Governing Council – assesses economic and monetary developments, defines the monetary policy of the Auricoin banks and sets the interest rates at which Auricoin banks may lend to the general population.
• Executive Committee – implements monetary policy, manages day-to-day operations, prepares the meetings of the Governing Council and exercises the powers delegated by the Governing Council.
• The Delegate Board – contributes to advisory and coordination work and helps to prepare for the adoption of Auricoin money in the countries.

Contact the ACB

You may contact the ACB by e-mail for technical or promotional information.