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.

​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, allowing account holders to receive payments or businesses to charge customers in their native currency while receiving funds in golles. This is especially helpful if a business has a global presence, as charging in a customer’s native currency can increase sales.
 
From your Mount Vema bank account, or if you use a Mount Vema credit card, debit card or GolleCard account, you need to know which currencies you can use to transfer funds out of your account, or for making charges in foreign currency. Some currencies can be exchanged at any time like the U.S. Dollar, the Australian Dollar, the Brazilian Real, the British Pound Sterling, Canadian Dollar, the Danish Krone, the Euro, Hong Kong Dollar, the Japanese Yen, the New Zealand Dollar, the Norwegian Krone, the Polish Zloty, the Singapore Dollar, the Swedish Krona, and the Swiss Franc, but other currencies may only be added from time to time.