Commissioner of the Treasury

From Encyclopedia Westarctica
Jump to navigation Jump to search
Count of Dendtler, the first Commissioner of the Treasury

The office of Commissioner of the Treasury is a commission assigned directly by the Grand Duke for the purpose of designing and carrying out the printing and distribution of Westarctican paper currency in the form of the nation's ice marks.

Authority of the office

The Central Bank of Westarctica is the financial institution which bears the responsibility for the legal tender status of all money issued by Westarctica. It was traditionally managed by the Minister of the Treasury. However, when the nation stopped minting metal coins in 2013, and as Westarctica had no "finances" per se, there was no longer a need for a Treasury department and the rights and duties of this department returned to the Grand Duke. The role has partial oversight by the Ministry of Commerce.

The 2012 Charter of Westarctica specifically authorizes the Grand Duke to appoint Commissioners who are responsible for heading organizations in the government that are below the level of a Ministry and that report directly to the Crown, not to the Prime Minister.

First Commissioner

On 28 September 2018, the Count of Dendtler was appointed Commissioner of the Treasury to give him the authority to manage the design and production of Westarctica's first official paper currency, the 20 ice mark note. He was removed from this position on 4 March 2021 at which time the office was dissolved.