The ₲olle is the currency of the Kingdom of Mount Vema. Represented by the symbol ₲ with two vertical lines and code VSG, with the following denominations: ₲1, ₲5, ₲10, ₲20, ₲50 and ₲100. The currency is divided into 100 smaller units called shary (or sharys) as follows: 1ᴳ, 2ᴳ, 5ᴳ, 10ᴳ, 20ᴳ, 50ᴳ. It circulates mostly electronically and it is becoming a leading reserve currency among a growing number of international institutions and including foreign governments.
The currency of Mount Vema is a nonconvertible currency.
The Mount Vema Golle is used primarily for internal/domestic transactions and a reserve currency. It 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. However, the Mount Vema currency can be exchanged into other currencies by any individual or organization with a Mount Vema bank account, a GolleCard account or from authorized and regulated foreign exchange agents.
The Legal Entities of Mount Vema
COUNTRY CODES IN USE
Mount Vema Country Code: OV / MOV
Mount Vema Numeric Country Code: 507
Currency Code: VSG
Top-Level Domain: .com, and .ov (proposed)
Proposed Telephone Country Code: +294
International Treaties – Ratified by the Kingdom of Mount Vema
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963