Currency of Mount Vema

The Central Bank of Mount Vema (Bank of Mount Vema) is the agency of the Royal Mount Vema Reserve Bank, and it is the Monetary Authority of the Kingdom of Mount Vema, responsible for issuing currency. The currency of Mount Vema is the Veman golle or Mount Vema golle.

​The ₲olle is represented by the symbol ₲ with two vertical lines and code VS₲, with the following denominations:  ₲1, ₲5, ₲10, ₲20, ₲50 and ₲100. The currency is divided into 100 smaller units called shary (shares or sharys) as follows: 1ᴳ, 2ᴳ, 5ᴳ, 10ᴳ, 20ᴳ, 50ᴳ. It circulates mostly electronically and it is the dominant reserve currency among institutions with ties to the Kingdom of Mount Vema - The Vema Seamount Territory.

​Currencies that can be transferred from a Mount Vema Bank

From your Mount Vema bank account, or if you use a Mount Vema credit card, debit card, GolleCard account or a Mount Vema Stock Market Account, you need to know which currencies you can use to transfer funds out of your account, or for making charges in foreign currency. The currencies that can be transferred out of a Mount Vema bank at present from ₲olles to a foreign currency are:
The U.S. Dollar
The Australian Dollar
The Brazilian Real
The British Pound Sterling
The Canadian Dollar 
The Danish Krone
The Euro
The Hong Kong Dollar
The Japanese Yen
The New Zealand Dollar
The Norwegian Krone
The Polish Zloty
The Singapore Dollar
The Swedish Krona
The Swiss Franc
NOTE: other currencies may be added from time to time. If your currency is not listed, consult with your bank. Some Mount Vema banks may transfer funds in other currencies, using independent agents or agencies.

​Processing Golle-Payments

​The currency of Mount Vema is a nonconvertible currency. It is used primarily for internal/domestic transactions and is not openly traded on forex markets other than the Gollexi. This is not due to government restrictions to prevent the currency from being exchanged for foreign currencies, but simply as part of the evolutionary process of the Kingdom of Mount Vema and, to add a protection to the financial system that could be susceptible to sharp movements in the economy at this stage.
 
Currently, the Mount Vema currency can be exchanged into a selected number of leading currencies by any individual or organization with a Mount Vema bank account, a GolleCard account or from authorized and regulated foreign exchange agents. When converting currency through your Mount Vema bank account, you need to check first which currencies are convertible.
 
The Mount Vema financial system supports processing payments in 130+ currencies (payments from a foreign currency to Mount Vema ₲olles), allowing account holders to receive payments or businesses to charge customers in their native currency while receiving funds in ₲olles. This is especially helpful if a business has a global presence, as charging in a customer’s native currency can increase sales.