Mutul Assembly for Chocolate Production: Difference between revisions
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'''The Mutul Assembly for Chocolate Production''' ([[Mutli]]: Mutul Mol Melik Kakaw) also known by its Mutli acronym of '''Mumomeka''' is a [[Mutul]]ese organization composed of cacao producers, cacao traders, chocolate makers, chocolate sellers, [[Banking in the Mutul|financial institutions]], the [[Central Mill]], and the [[Divine Throne]] that was established in 1973 to rationalize the production and distribution of cacao and chocolate by {{wp|Indicative planning|indicating}} a price target for {{wp|Raw chocolate}} which affect all prices up and downstream of the production line. The Mumomeka holds twenty meetings a year (once for each Mutulese month) to discuss chocolate production, {{wp|Open market operation}}s, {{wp|Foreign exchange market}}s, and the {{wp|Monetary policy}} of the Mutul. Through negotiations between all the actors of the chocolate market, the Assembly determine the {{wp|Federal funds rate|Mumomeka target range}} for {{wp|Interest rate}}s, which is left to the [[Central Mill]] to enforce. | '''The Mutul Assembly for Chocolate Production''' ([[Mutli]]: Mutul Mol Melik Kakaw) also known by its Mutli acronym of '''Mumomeka''' is a [[Mutul]]ese organization composed of cacao producers, cacao traders, chocolate makers, chocolate sellers, [[Banking in the Mutul|financial institutions]], the [[Central Mill]], and the [[Divine Throne]] that was established in 1973 to rationalize the production and distribution of cacao and chocolate by {{wp|Indicative planning|indicating}} a price target for {{wp|Raw chocolate}} which affect all prices up and downstream of the production line. The Mumomeka holds twenty meetings a year (once for each Mutulese month) to discuss chocolate production, {{wp|Open market operation}}s, {{wp|Foreign exchange market}}s, and the {{wp|Monetary policy}} of the Mutul. Through negotiations between all the actors of the chocolate market, the Assembly determine the {{wp|Federal funds rate|Mumomeka target range}} for {{wp|Interest rate}}s, which is left to the [[Central Mill]] to enforce. All of these roles, seemingly very distant from its primary function as a countrywide planification committee, come from the nature of the [[B'ul (currency)|B'ul]] the official currency of the Mutul, which is {{wp|Fixed exchange rate system|pegged}} to the value of {{wp|Criollo (cacao)|Criollo}} {wp|Raw chocolate}}, tying cocoa production directly to the broader economy of the Divine Kingdom. | ||
==Membership== | |||
The Assembly consist of representatives from every stage of cacao and chocolate production and distribution. It include cacao producers (be they singular institutions or gathered together as {{wp|Agricultural cooperative|farmer cooperatives}} known as 'Worshipful Companies'), chocolate makers (once again, either private companies or {{wp|Professional association}}s), but also delegates from the twelve largest banks of the Mutul, one representative from the Central Mill, and another representative of the [[Divine Monarchy of the Mutul|K'uhul Ajaw]] acting in Their name and that of the [[Divine Throne]]. In total, the Assembly is composed of 200 officials, although the exact number may vary from meeting to meeting depending on invitations and exemptions. | |||
==Meetings== | |||
It's Divine Throne which, in the name of the K'uhul Ajaw, send invitations to all representatives to participate to the next meeting of the Assembly. By decree enshrined in law, the Assembly must meet at least three times a year. In practice, the invitations are issued to all members at the end of each meeting which happen every Mutulese calendar months, or twenty times a year. There's officially no fixed or predetermined location for the meetings but by tradition they take place at the [[Ek Chuah|Sanctuary of Aj Kakaw]] in [[K'alak Muul]]. If circumstances require consultation or consideration of an action between these regular meetings, members may be called on to participate in a special meeting or a telephone conference, or to vote on a proposed action by proxy. | |||
[[category:Mutul]] | [[category:Mutul]] | ||
Revision as of 03:35, 8 November 2023
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The Mutul Assembly for Chocolate Production (Mutli: Mutul Mol Melik Kakaw) also known by its Mutli acronym of Mumomeka is a Mutulese organization composed of cacao producers, cacao traders, chocolate makers, chocolate sellers, financial institutions, the Central Mill, and the Divine Throne that was established in 1973 to rationalize the production and distribution of cacao and chocolate by indicating a price target for Raw chocolate which affect all prices up and downstream of the production line. The Mumomeka holds twenty meetings a year (once for each Mutulese month) to discuss chocolate production, Open market operations, Foreign exchange markets, and the Monetary policy of the Mutul. Through negotiations between all the actors of the chocolate market, the Assembly determine the Mumomeka target range for Interest rates, which is left to the Central Mill to enforce. All of these roles, seemingly very distant from its primary function as a countrywide planification committee, come from the nature of the B'ul the official currency of the Mutul, which is pegged to the value of Criollo {wp|Raw chocolate}}, tying cocoa production directly to the broader economy of the Divine Kingdom.
Membership
The Assembly consist of representatives from every stage of cacao and chocolate production and distribution. It include cacao producers (be they singular institutions or gathered together as farmer cooperatives known as 'Worshipful Companies'), chocolate makers (once again, either private companies or Professional associations), but also delegates from the twelve largest banks of the Mutul, one representative from the Central Mill, and another representative of the K'uhul Ajaw acting in Their name and that of the Divine Throne. In total, the Assembly is composed of 200 officials, although the exact number may vary from meeting to meeting depending on invitations and exemptions.
Meetings
It's Divine Throne which, in the name of the K'uhul Ajaw, send invitations to all representatives to participate to the next meeting of the Assembly. By decree enshrined in law, the Assembly must meet at least three times a year. In practice, the invitations are issued to all members at the end of each meeting which happen every Mutulese calendar months, or twenty times a year. There's officially no fixed or predetermined location for the meetings but by tradition they take place at the Sanctuary of Aj Kakaw in K'alak Muul. If circumstances require consultation or consideration of an action between these regular meetings, members may be called on to participate in a special meeting or a telephone conference, or to vote on a proposed action by proxy.