April 02, 2022 – GolleCard announced on Thursday that its system is ready to clear payments in Mount Vema golles anywhere, and it is able to bring unique digital payments services to the unbanked around the world. This is more than the transfer services to more than 160 countries announced by the central bank (Bank of Mount Vema) in 2021.
The transfer services introduced by the Bank of Mount Vema relies on a network of enlisted banking agents such as pharmacies, supermarkets, convenience stores, lottery outlets, postal offices, retail outlet, financial institutions, mobile network operators, and other institutions who meet the requirements and who are willing to generate an extra income from Mount Vema entities. However, the problem was that the Central Bank had the agents, but it did not have a payment system ready to process client transactions across the world, to meet demand for a complex project like the floating city of Mount Vema with one of the largest foreign direct investments expected by 2030. However, while the Bank of Mount Vema was busy finding the agents, GolleCard the leading processor of golle payments between the banks of merchants and the card issuing banks of Mount Vema, was rethinking its global payment strategy after its failed attempt two years ago, to work with leading financial service providers to provide remittance services in countries and cities outside its golle payments network, announced yesterday that it is ready. Despite the setbacks, GolleCard knew that remittance was going to become profitable as migrant workers will eventually make travel arrangements, and suppliers of goods and services would look to Mount Vema for growth, so the company had to think and work fast. The announcement is another boost to the growing economy of Mount Vema as this is a much-needed service due to the amount of money to be sent home by migrants due to arrive not only in Mount Vema for work but also in other countries where Mount Vema companies will set up factories to support the City of Mount Vema project. Remittance as result of projects related to the City of Mount Vema will generate one of the largest financial inflows to many countries across the globe for at least the next three decades. The Royal Mount Vema Reserve Bank said it back in 2012, and the time has finally come, as the first group of migrant workers prepare to make travel arrangements to Mount Vema. According to the Bank of Mount Vema remittance transfers will be good for Mount Vema as it will promote access to financial services for both the sender and recipient, thereby increasing financial and global social inclusion. The migration will improve business profitability for all participants, while foreign countries will profit from the flows of remittances from Mount Vema. GolleCard’s announcement has also prompted the Bank of Mount Vema to call for more businesses who wish to become a Mount Vema Banking Agent to apply. Agents only need to be equipped with a personal computers (PCs) that connect with the bank's server (now GolleCard payment system) to grow with Mount Vema. September 02, 2019 - Mount Vema - The Reserve Bank of Mount Vema has increased the debit ceiling from 250 million to 10 billion golles. The increase comes after the Vema Seamount Authority announced two week's ago that he will approve the new proposed budget for the fiscal year 2019/2020, to meet liquidity needs. The budget was approved today, in a clear sign that the economy of Mount Vema is growing, making it easier for Mount Vema institutions to meet overseas payment obligations.
His Mount Vema Majesty’s Government has confirmed this weekend that Mount Vema will go ahead with plans to build food processing factories and distribution centers from April this year to support the country’s estimated USD$500,000,000 a year fisheries industry.
The factories will process both captured and aquaculture fish from Mount Vema and then pack and distribute it for consumption worldwide as frozen fish, fish sausage, canned fish, crispy fish, frozen steak, and frozen fillets. The plan was first unveiled in 2013 when Mount Vema expressed intention to set up its logistics center in the United Kingdom of Great Britain, but the plan was later shelved because more work was needed. This year it all seems ready to go after the government confirmed that Mount Vema is ready, but no word yet which country the government is planning to establish its multimillion dollars logistics center. People familiar with the plans knew about this since late last year when as part of a new plan to make sure the project pays for itself, Peter Goldishman – The Vema Seamount Authority authorised the Mount Vema fishing industry to initiate commercial fishing activities at the same time as the scientific and construction sector, although works on precast concrete is only concentrated outside Mount Vema for now. The Mount Vema fishing industry alone can generate more than 400 million golles in foreign exchange annually for His Mount Vema Majesty’s Treasury, but because the annual target will be less than the figures planned for 2025 onwards, the government expects to generate a comfortable USD $500,000,000 figure per year before 2025. In 2013, the fisheries sector was planned first for 2014, but it was cautioned by the Vema Seamount Authority who was at the time reluctant to engage in commercial fishing activity over Vema Seamount, as he was more interested in good management of fisheries as essential to meet international obligations in terms of food supply at a later stage. Now although some trade negotiations still need to take place, The Vema Seamount Authority feels the time is right to start. The fishing revenues will be used to fund the City of Mount Vema project starting with the breakwaters, and the Port of Mount Vema. However, from 2025 His Mount Vema Majesty’s plans to join the list of top fish exporting countries as part of a long-term plan to help combat hunger with fish and fishery products. The territory plans to reach and maintain annual targets of 200,000+ tons by 2025, to generate more than 400 million golles of fish stocks from both capture and aquaculture. Back in 2014, the Vema Seamount Authority concerns were justified due to a report that fish trade was not only helping poor countries shore up their food security situation but was also increasing international demand that was at times resulting in excessive fishing pressure, leading to the over-fishing and wasteful use of stocks. The Vema Seamount Authority aim was always from the creation of the Kingdom of Mount Vema, to ensure that demand must always be balanced with sustainable management. Today’s confirmation of plans for the food processing factories is an indication that the Vema Seamount Territory is ready. Although the currency of Mount Vema is a nonconvertible currency, used primarily for internal/domestic transactions and not openly traded on a world forex market, other than the Gollexi. The Bank of Mount Vema announced today that the financial system of the Kingdom of Mount Vema is ready to support processing of Golle-payments in 130+ currencies.
The announcement was also an indication of the Government’s plan to keep the Mount Vema currency mostly as nonconvertible, as part of the evolutionary process of the Kingdom of Mount Vema and, to maintain 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 only be converted 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 now supports processing Golle-payments in 130+ currencies, allowing Mount Vema bank 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, you need to know which currencies you can use to transfer funds out of your Mount Vema bank account, or for making charges in foreign currency. Some currencies can be converted 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 be added to the system only from time to time. Peter Goldishman – The Vema Seamount Authority today authorised the Mount Vema fishing industry to initiate commercial fishing activities from November at the same time as the scientific and construction sector, as part of a new plan to make sure the project pays for itself.
Just the fishing industry alone can generate more than 400 million golles in foreign exchange annually, but because the annual target will be less than the figures planned for 2025 onwards, the government expects to generate a comfortable USD $500,000,000 figure per year before 2025. The fisheries plan was first introduced in 2014, but it was cautioned by the Vema Seamount Authority who was at the time reluctant to engage in commercial fishing activity over Vema Seamount, as he was more interested in good management of fisheries as essential to meet international obligations in terms of food supply. Now with all the resources available Peter Goldishman feels the time is right to start. The 2018-2024 fishing revenues will be used to fund the City of Mount Vema project starting with the breakwaters, and the Port of Mount Vema. However, from 2025 His Mount Vema Majesty plans to join the list of top fish exporting countries as part of a long-term initiative to help combat hunger with fish and fishery products. The territory plans to reach and maintain annual targets of 200,000+ tons by 2025, to generate more than 400 million golles of fish stocks from both capture and aquaculture. Back in 2014, the Vema Seamount Authority concerns were justified due to a report that fish trade was not only helping poor countries shore up their food security situation but was also increasing international demand that was at times resulting in excessive fishing pressure, leading to the over-fishing and wasteful use of stocks. The Vema Seamount Authority aim since the creation of the Kingdom of Mount Vema, was to ensure that demand is always balanced with sustainable management. Today’s announcement is an indication that the territory is ready and that the Royal Mount Vema Coast Guard, supported by private armed security firms will finally be deployed to ensure that no more unregulated fishing activities take place within the Vema Seamount Territorial waters and the City of Mount Vema can be completed on schedule. Mount Vema has introduced a new policy that establishes some economic barriers to entry. The barrier is a cost that must be incurred by a new entrant into the Mount Vema Market when incumbents do not have or have not had to incur.
The policy was introduced to protect those who come first, such as distributors or retailers, trademarks, servicemarks, patents owners and the supply chains. The policy is part of a plan to support those companies who are joining the project at this crucial stages of development. Companies will need distributor agreements, an exclusive agreement which must be made with licensed distributors or licensed retailers. Potential entrants will require access to equally efficient production technology as the one already in use in order to freely enter the market. Trademarks, Servicemarks and Patents owners have the legal right to stop other firms producing a product for a given period of time, and so restrict entry into the market. Also exclusive agreements with key links in the supply chain will be required. Mount Vema will be a small market, but the key is to be one step ahead and identify the opportunities before the market catches up. In this type of environment, the early investors always enjoy the rewards. Considering that for the economy to work just in terms of management of its natural resource (fish), a single district will provide accommodation to 25,000 people, which is roughly the number of accommodations allocated for each district that will total 250,000+ residents. These are the residents that will manage seafood production, distribution, sales and marketing to the world, revenues, investments, maintenance of the fisheries infrastructures, including ships. They will all need to do their daily shopping, banking, take children to school, socialize and be entertained from time to time. If you are a business serving 250,000+ customers including visitors, spending just about 500 golles a month each, that can generate more than 12.5 million golles (about $25 million dollars) every month, with some fees and expenses maybe just about 10 million golles a month that will be shared between government and traders. Small income for some, but steady and reliable income for others. These figures do not include the real estate market, or any other sector. So if you are a good businessman or businesswoman, you could aim to secure at least a share of this income. A business generating at least 500,000 golles a month ($1 million dollars or $12 million US dollars a year) can go a long way. The Government has confirmed rumours that it has authorized W-Contractors to spend 1.6 million golles to pay for a floating dry dock before the end of October. The purchase is part of a plan to acquire three large floating dry docks for building, maintenance, and repair ships, boats, and other water craft in Mount Vema.
The docks will be used during the construction of large structures for the City of Mount Vema, as they have always been the key in construction of large structures. One example is the dry dock on the artificial island of Neeltje-Jans used for the construction of the Oosterscheldekering, the large dam in the Netherlands that consists of 65 concrete pillars weighing 18,000 tonnes each. The pillars were constructed in a drydock and towed to their final place on the seabed. The dry dock will be the work place for architects, project engineers, naval architects and foremen, and will be key to ensuring the safe, timely and well-resourced completion of projects in many areas including buildings the Port of Mount Vema, the Yacht Harbour, the floating city ducks and breakwaters. Dry docks will continue to be used after the construction of the City of Mount Vema, by naval architects to design, build and repair floating structures and homes for the City of Mount Vema project, including build and repair ships boats and other seafaring vessels and offshore structures including ferries, high-speed craft, merchant ships - tankers, cargo ships, passenger liners, pleasure craft - yachts, power boats, working vessels - fishing boats, and rescue boats. Economic report data compiled by The Royal Mount Vema Department of Statistics and Risk Assessment every month on credit, liquidity programs and the balance sheet of the Vema Seamount Territory, released at the end of every quarter by the Reserve Bank indicates that the Mount Vema economy grew 12.16% this last quarter.
The data is one of the most reliable sources of information published every quarter and shows that the economy of Mount Vema is entering a new phase of development as the economic activity increases overseas and the government spreads its wings in the international arena pushing for policies that facilitate jobs creation and growth. When compared to the April economic data for the previous quarter, the report shows that the economy is booming and grew faster this last quarter than any previous quarter and faster than any other year combined since the creation of the Kingdom of Mount Vema in 2006. The report shows that more businesses increased investments in Mount Vema related projects globally than any other year. The data suggests that the Mount Vema economy is in good health and will continue to grow and expand not only fast but steadily. The financial and services sector led the overall growth, thanks to demand for foreign exchange and legal services as investor confidence in the economy continues to strengthening the country’s investor base. The report figures again could not pass the 20% mark estimated for this time of the year, but the pace of general economic activity increased and is expected to pass the mark later this year according to the government general plans and targets report. |
|
Home | Contact | News | Banking | Currency | Shopping | Travel | Jobs | Real Estate | Weather | Search | 912 Emergencies | LOG IN
|
Latest News | Die neuesten Nachrichten | As últimas notícias | Las últimas noticias | Les dernières nouvelles | Последние новости | 最新消息
|
The Legal Entities of Mount Vema
COUNTRY
|
COUNTRY CODE
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 |
State Alert! – Security, Public Safety and Emergencies
YELLOW WARNING official advise to be aware. >>>
AMBER WARNING official advise to be prepared. >>>
RED WARNING official advise to take action as instructed by the emergency services. >>>
AMBER WARNING official advise to be prepared. >>>
RED WARNING official advise to take action as instructed by the emergency services. >>>