Step | Description | Explanation |
1 | The High ABC Council begins operation | The High Council is responsible for ABC supervising and conducting. They admit new member. |
2 | Reform of the CB. Introduction of procedures of LP control | Introduction of legal act changing functions of CB to be payer of remuneration for PSE. CB becomes LP controller. Emission of money is eliminated. |
3 | Selection of model country | Determination of name of MU in the ABC. |
4 | Access of a second country | Evaluation of LP. Applying the translation procedures. |
5 | Edition a directive on minimum wage | Adjusting the minimum wage to theory of fair pay. |
6 | Edition a directive on labor productivity control | Introduction procedures how to measure a level of labor productivity among the ABC members. |
7 | Edition a directive on credit control | The credit formula is a part of theory of wage equation of exchange. |
8 | Edition a directive on control of exchange rate with outer world | The parity of labor productivity ratio is the chief determinant of the fair exchange ratio. |
9 | Edition a directive on control of commercial bank liquidity and solvency | Central Bank no longer emits money so commercial bank must maintain liquidity and solvency on its own. Procedures ought to be precise and effective. |