Royal Departments and Agencies
Capital House - Office of the Prime Minister
The Church of Mount Vema Royal Center of Statistics & Risk Assessment Royal Civil Rights Center Royal Department of Foreign Affairs Royal Mount Vema Foundation Academy Royal Mount Vema Guards (BraveHouse) Royal Mount Vema Health Authority Royal House Guardian (Auditor General) Royal Mount Vema House of Law Royal House of Mount Vema (Justice) Royal Mount Vema Office of Fair Trade Royal Press House (Media Regulator) Royal Mount Vema Reserve Bank Royal Science & Technology Center The Office of the Hereditary Lords of Honor The Office of the Non-Hereditary Lords of Honor |
Ministerial Departments and Agencies
Ministry of Defense and Emergency Response
Ministry of Economy and Finance Ministry of Education Ministry of Energy and Mineral Resources Ministry of Entertainment and Sports Ministry of Fishery and Maritime Affairs Ministry of Foreign Affairs and Tourism Ministry of Health Ministry of Housing and Social Welfare Ministry of Law Enforcement and Order Ministry of National Development and Land Maintenance Ministry of Trade and Industry Ministry of Transportation and Communications Ministry of Water and Environmental Affairs Ministry of Work and Pension |
Administrative Project Divisions
Olympic City and Parks Project Administration
Airport & Seaport Project Administration Marine Life and Geology- Administration Breakwaters & Bridges Project Administration Resort & Yacht Harbour Project Administration District of Bella Vista Project Administration District of Eastland Project Administration District of Maryland Project Administration District of Neverland Project Administration District of Northland Project Administration District of Pashant Project Administration District of Roseland Project Administration District of San Miguel Project Administration |
GOVERNMENT MARKETABLE SECURITIES
Mount Vema Government marketable securities are electronic issued liquidity that can be sold for cash in the Secondary Market. These securities are debt instruments issued to raise money needed to operate His Mount Vema Majesty's Government and pay off maturing obligations.
Mount Vema Government marketable securities are electronic issued liquidity that can be sold for cash in the Secondary Market. These securities are debt instruments issued to raise money needed to operate His Mount Vema Majesty's Government and pay off maturing obligations.
The following data displays the most recently auctioned securities that have not yet matured.
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1-Month Bill: (Series 27FEB19)
Issue Price: 80 Par Value: 100 Maturity: February 27, 2019 Total Issue: 1,000,000 3-Month Bill: (Series 28APR19) Issue Price: 80 Par Value: 100 Maturity: April 28, 2019 Total Issue: 1,000,000 6-Month Bill: (Series 28JUN19) Issue Price: 80 Par Value: 100 Maturity: June 28, 2019 Total Issue: 1,000,000 |
5-Year Note: Series-31DEC22
Issue Price: 800 Par Value: 1,000 Coupon: 5% (Jun 28th /Dec 28th) Maturity: December 31, 2022 Total Issue: 1,000,000 5-Year Note: Series-31DEC23 Issue Price: 800 Par Value: 1,000 Coupon: 5% (Jun 28th /Dec 28th) Maturity: December 31, 2023 Total Issue: 1,000,000 |
10-Year Bond: 31DEC27
Issue Price: 800 Par Value: 1,000 Coupon: 5% (Jun 28th /Dec 28th) Maturity: December 31, 2027 Total Issue: 1,000,000 10-Year Bond: 31DEC28 Issue Price: 800 Par Value: 1,000 Coupon: 5% (Jun 28th /Dec 28th) Maturity: December 31, 2028 Total Issue: 1,000,000 |
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Auctions February 18, 2019 MVG-1M-20MAR19
MVG BILLS OFFERING ANNOUNCEMENT Term: MVG - BILL Type of Security: MVG 1M Description: MVG Security Total Issues: 1,000,000 Offering Amount: 80 golles Value Per Security: 100 golles Issue Number: MVG-1M-20MAR19 Auction Date: February 18, 2019 Issue Date: February 20, 2019 Maturity Date: March 20, 2019 Total Outstanding by Maturity Date: 100,000,000 golles Minimum Bid Amount and Multiples: 80 golles Noncompetitive Closing Time: 4:00 UTC + 1hour Competitive Closing Time: 4:30 UTC + 1hour This Offering must be expressed as a discount rate. Noncompetitive bids from a Foreign and or an International Monetary Authority must not exceed 50 million per account. |
Auctions March 4, 2019 MVG-1M-10APR19
MVG BILLS OFFERING ANNOUNCEMENT Term: MVG - BILL Type of Security: MVG 1M Description: MVG Security Total Issues: 1,000,000 Offering Amount: 80 golles Value Per Security: 100 golles Issue Number: MVG-1M-10APR19 Auction Date: March 4, 2019 Issue Date: March 6, 2019 Maturity Date: April 10, 2019 Total Outstanding by Maturity Date: 100,000,000 golles Minimum Bid Amount and Multiples: 80 golles Noncompetitive Closing Time: 4:00 UTC + 1hour Competitive Closing Time: 4:30 UTC + 1hour This Offering must be expressed as a discount rate. Noncompetitive bids from a Foreign and or an International Monetary Authority must not exceed 50 million per account. |
The Political System of Mount Vema
The Political System of Mount Vema is based on the monarchical constitutional form of government in which a king or queen is the head of the judiciary, armed forces and the executive branch only in times of crises and reigns with limits to their power. The Monarch of Mount Vema is the mentor of the community, guardian of the constitution and protector of the realm. The Sovereign plays a symbolic role by representing the territory abroad and oversees the day-to-day administration of the Vema Seamount and its institutions. His Mount Vema Majesty’s Government creates and maintains the conditions for people to do business, maintains law and order, emergency-rescue departments (such as the fire departments), the military, the police, the executive, the judiciary, and the legislatures.
His Majesty’s Government of Mount Vema
The Kingdom of Mount Vema is a minimal state, with a form of government where the state's only legitimate function aims to be the protection of individuals from assault, theft, breach of contract, and fraud, and the only legitimate governmental institutions are the military, police, and courts. In the broadest sense, it will also include various civil service and emergency-rescue departments such as the fire departments, prisons, the executive, the judiciary, and the legislatures as legitimate government functions.
In the political system of Mount Vema, the Head of State is the highest-ranking constitutional position in the Kingdom, vested with powers to act as the chief representative of the Vema Seamount territory. The office is distinct from a head of government. For example, the distinction is made in article 7 of the Vienna Convention on the Law of Treaties, article 1 of the Convention on the Prevention and Punishment of Crimes against Internationally Protected Persons, including Diplomatic Agents and the United Nations protocol list.
At present, in the political system of Mount Vema, the monarch is both head of state and acting prime minister, therefore acting head of government.
The Kingdom of Mount Vema is a minimal state, with a form of government where the state's only legitimate function aims to be the protection of individuals from assault, theft, breach of contract, and fraud, and the only legitimate governmental institutions are the military, police, and courts. In the broadest sense, it will also include various civil service and emergency-rescue departments such as the fire departments, prisons, the executive, the judiciary, and the legislatures as legitimate government functions.
In the political system of Mount Vema, the Head of State is the highest-ranking constitutional position in the Kingdom, vested with powers to act as the chief representative of the Vema Seamount territory. The office is distinct from a head of government. For example, the distinction is made in article 7 of the Vienna Convention on the Law of Treaties, article 1 of the Convention on the Prevention and Punishment of Crimes against Internationally Protected Persons, including Diplomatic Agents and the United Nations protocol list.
At present, in the political system of Mount Vema, the monarch is both head of state and acting prime minister, therefore acting head of government.
The Flag
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The Crown
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Sovereign
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Government
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Coast Guard
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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 (International Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
MARPOL 73/78 (International Convention for the Prevention of Pollution from Ships)
The Vienna Convention on Diplomatic Relations of 1961
The Vienna Convention on Consular Relations 1963
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The Right to Self-Determination
Many believe because our community is not a member of the United Nations and is only just over a decade old, doing business with the Kingdom of Mount Vema is not possible for foreign nationals and foreign companies seeking to take advantage of the business opportunities the floating city project is creating. Nothing could be further from the truth. The territory doesn't need a United Nations membership to function as a sovereign territory, or to exercise its inalienable right for self-determination
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Registrars |
Reserve Bank
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Central Bank
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