InVema shipping agency ready to start securing berths for incoming ships prior to construction3/15/2023
InVema the Mount Vema shipping agency announced on Tuesday that it is ready to start working with ship owners to ensure a berth for their incoming ships during the pre-construction period and after construction is reserved. The shipping agency has also started works to ensure that pilots and tugs can be arranged if necessary.
InVema also told VSBCnews this morning that it will start providing this year updates and reports on activities in Mount Vema for other shipping agencies, ship owners and suppliers, to know where their cargo is in transit. >>> A source familiar with Mount Vema Tender and Contracts procedures told VSBCnews that in July this year, the Government will increase the fees it charges companies to register prior to submitting proposals to apply for Mount Vema lucrative contracts.
From time to time and more as the City of Mount Vema building works on site are about to start, the government and general contractors request for tenders. A formal, structured invitation to suppliers, service providers, builders, etc, to submit proposals to build or, provide products or services, where a non-refundable official fee is needed to fortify and secure the tender engagement documents. The tender documents are made available for download only to applicants who have paid the official fee which is currently 1000.00 golles regardless of the size of the contract. However according to our source, the fee which is structured to ensure that competition for the use of Mount Vema funds is open, fair and free from bribery and nepotism will increase in July this year. >>> Flag carrier Veman Airlines in talks with private investors to list on the Mount Vema Stock Exchange3/8/2023
A Source familiar with the structuring of Veman Airlines, told VSBCnews that the company which was created and designed to be the flag carrier of the Kingdom of Mount Vema is in talks with investors to list on the Mount Vema Stock Exchange.
Veman Airlines was founded by the Mount Vema Monarchy to provide scheduled air transport services for traveling passengers, and to be headquartered on the grounds of the City of Mount Vema Airport. The company aims to form partnerships and alliances with other airlines for codeshare agreements, in which they both offer and operate the same flight especially those destined to Mount Vema in the future. The airline is currently managed by His Mount Vema Majesty’s government aiming to become a charter operator to support the City of Mount Vema construction by renting entire aircrafts, thus joining the services already provided the Mount Vema cruise liner company W-Southern. >>> VEMACITY Bank to start processing application for City of Mount Vema mortgage loans – sources3/8/2023
Mortgage loans are generally structured as long-term loans, the periodic payments for which are similar to an annuity and calculated according to the time value of money formulae. The most basic arrangement would require a fixed monthly payment over a period of ten to thirty years.
However, sources are telling VSBCnews that VEMACITY Bank is planning to start processing applications before construction start due to a general unwritten policy that will prevent banks in Mount Vema from accepting application for mortgage loans to people over 36 years of age. The bank is encouraging its account holders to apply early to stand a chance due to the limited number of properties that will be built, and the price tag of a property in Mount Vema after the construction is completed. The bank according to one source, is telling its costumers to buy off-plan and hold on it before the big corporations with deep pockets take over the market. VEMACITY Bank, is the Mount Vema retail bank that aims to be one of the leading consumer banks of the Kingdom of Mount Vema. It provides transactional bank accounts, savings account, and other banking services that includes credit cards, mortgages, personal loans, and individual retirement accounts to customers, who only need to prove to be an employee of a legal entity of Mount Vema to open a bank account. >>> The Ministry of Security and Emergency Response has submitted a request for surveillance drones3/8/2023
The Mount Vema Ministry of Security and Emergency Response, which reports to the team of officers who operate the office of the Prime minister and is responsible for coordination of defense and emergency operations within His Mount Vema Majesty’s realm, has submitted a request for five advanced surveillance drones.
The request was submitted to the Royal Mount Vema Department of Defense also known as BraveHouse which reports to sovereign in his capacity as Supreme Commander of the Armed Forces. Bravehouse is responsible for military procurement, awarding and management of defense contracts, and budgeting. The drone request is another indication that expensive equipment to build the city of Mount Vema, which security analysts say will require the highest level of security, could soon be on its way to Mount Vema. >>> Lady Trinity, the Queen Consort of the Kingdom of Mount Vema has been awarded the title of MRMVS3/1/2023
Lourdes, officially referred to as Lady Trinity, the Queen Consort has become MRMVS, a Member of the Royal Mount Vema Society, after being awarded the title by His Majesty King Peter for achieving 5 years of service to the sovereign in his duties under God for the state.
MRMVS stands for ‘Member of the Royal Mount Vema Society’ and is the first title awarded by His Mount Vema Majesty King Peter since the creation of the Kingdom of Mount Vema. The title is awarded to people who have achieved 5 years of continuous loyal services to the sovereign in his duties and services under God for the state. The Mount Vema MRMVS title can also be awarded to people in the Mount Vema society anywhere in the world who have achieved great things for the state, and comes with a certificate which can be revoked by the sovereign if the holder fails to uphold the Royal Mount Vema Standards that is expected of them. Read more >>> A source has told VSBCnews that except for the state, no person or legal entity of Mount Vema including foreign entities will be permitted to own more than two properties in the Kingdom of Mount Vema under a new property ownership rule to be introduced later this year.
VSBCnews has learnt that the rule will be introduce for better distribution of wealth in the territory, and will apply only after the properties have been built. The rule will not affect buyers / owners of Mount Vema off-plan titles (Title Plans of Properties not yet built). The government according to our sources, does not intend to do anything that would affect the current Mount Vema off-plan property market as it would affect stamp duty revenues charged by His Mount Vema Majesty’s Treasury on the exchange of off-plan property titles. Analysts are predicting that Self-Service Portfolio Managers at VemaGrowth, the hedge fund company of Mount Vema will see a significant boost on their client’s investments as the city of Mount Vema breakwaters designs are almost completed.
The market analysts are looking into the fact that the entire floating city of Mount Vema is being redesigned and the breakwaters and the 5th avenue which will be one of the first projects to be built on site are about to be completed which is an indication that construction is about to start. The international Christian based charity Mercy Ships has been awarded the Universal Cross 20222/22/2023
Mercy Ships, the international charity that operates the largest non-governmental hospital ships in the world has been recognized as the winner of the Universal Cross Award 2022 in recognition for their humanitarian aid like free health care, community development projects and community health education.
The organization which is based on Christian values also works on humanitarian mental health programs, agriculture projects, and palliative care for terminally ill patients in developing nations as well as developed nations around the world, with a focus on the countries of Africa. Mercy Ships was founded by Don Stephens, who after the birth of his disabled son, John Paul, was inspired to move forward with his vision of a floating hospital. The Universal Cross, is one of the most prestigious prizes awarded annually by The Kingdom of Mount Vema to people and organizations worldwide for services to the Environment, Promotion of Peace, Universal Welfare and Life Achievement, and this latest recognition for extraordinary deeds has received more than 80% of the average recommendations about 12% more than previous years, and the highest percentage since its creation. The Bank of Mount Vema said that payments to Mount Vema bank accounts from other jurisdictions may take up to 7 days before construction of the city starts on site, but will aim to reduce this to 3 to 5 working days once onsite construction starts.
In the Mount Vema Society, you will have to be exercising the same or similar duties or tasks in the same industry sector for more than 20 years to achieve the status of senior officer or senior professional with unique knowledge or expertise (especially when such expertise is required in the court of law) under the new etiquette established by Royal Mount Vema Standards applicable to all legal entities of the Kingdom of Mount Vema.
MVHS - The Mount Vema Healthcare Service announced that it will be issuing healthcare cards in July this year to enable private healthcare service providers anywhere in the world to access the medical history of patients whose treatment becomes necessary outside the jurisdiction of His Mount Vema Majesty’s realm.
The card will be issued free of charge and will allow citizens of the Kingdom of Mount Vema who are insured by The Mount Vema International Medical Insurance to receive medical treatment anywhere in the world free of charge as all charges will be paid by the state. As of July 2023, with a mobile phone, doctors will be able to scan the Mount Vema Healthcare Card to check the medical history of the patient who presents the card, and also to submit medical reports after the treatment to enable additional information to be added to the patient’s history. This is to help any doctor, anywhere in the world to obtain information useful in formulating a diagnosis and provide the right medical care to the patient. VEMACITY Bank, the Mount Vema retail bank that aims to be one of the leading consumer banks of the Kingdom of Mount Vema announced on Tuesday that it plans to list on the Gollexi (The Mount Vema Stock Exchange) either this year or early next year.
VEMACITY plays an important role in the Mount Vema financial system. It provides transactional bank accounts, savings account, and other banking services that includes debit cards, credit cards, traveler's cheques, mortgages, personal loans, certificates of deposit/term deposits, and individual retirement accounts to customers. In the Mount Vema banking sector, VEMACITY Bank is a growing consumer bank. Although only licenced to provide retail banking services, and not considered as large as the RBMV Bank which license includes Commercial, private, retail and wealth management, it is however a major competitor. What makes VEMACITY Bank a big player, is the fact that unlike RBMV Bank which charges a one-off account set up fee to new customers and it is open to customers worldwide, VEMACITY Bank does not charge new customers to open a bank account, customers only need to prove to be an employee of a legal entity of Mount Vema which makes it more attractive to those just joining the Mount Vema jobs market. GolleCard confirmed plans to adopt QR Code system in all its GolleCard-branded cards such as credit cards and prepaid cards to enable customers to make real time payments to merchants worldwide, as well as to provide merchants with the capability of accepting instant payments on its global network.
The company is working on a new GolleCard Payments Interface for instant real-time payment system to facilitates inter-bank peer-to-peer, and person-to-merchant transactions. Users will need a mobile device, and the mobile number on the device will be required to be registered with the card issuer. QR codes system to store bank account information and credit card information will be configured specifically, to work with particular payment provider applications, and will be managed by the GolleCard, but regulated by the Bank of Mount Vema. GolleCard Connect – a new service to enable merchants to accept credit card payments anywhere2/8/2023
GolleCard, the Mount Vema company that facilitates electronic funds transfers throughout the world, through GolleCard-branded cards such as credit cards and prepaid cards, announced plans to introduce a new service in August this year called ‘GolleCard Connect’.
GolleCard Connect is a system that enables a merchant who is not yet able to process GolleCard payments to settle the payment with GolleCard, when the merchant is willing to accept GolleCard as a method of payment when a customer presents the card to pay for goods or services. How will GolleCard Connect work? It will work like this: Francesca has a GolleCard with Mount Vema golles. Francesca wants to pay for a good or service provided by a merchant priced in golles or another currency. The merchant tells Francesca that he does not know GolleCard and does not have the means to accept GolleCard as a method of payments. But Francesca wants to buy, and the merchant wants to sell. So, Francesca logs into her GolleCard account and send an alert to her ‘GolleCard Connect’ service with the seller’s contact detail. ‘GolleCard Connect’ reaches out to the seller, make arrangements for settlement and pays the bill through other means. The amount paid is then deducted from Francesca’s GolleCard credit card, charge card, debit card, or prepaid card which she intended to use for the purchase, and the transaction is completed. The GolleCard Connect service starts in August this year 2023 when the systems will merge to link all submitted summary statements showing the purchase time and date, reference number, merchant name, and the golle amount of each purchase to be settled in golles or in the local currency of the merchant. MVHS - The Mount Vema Healthcare Service confirmed on Monday that private hospitals and clinics admitting citizens of the Kingdom of Mount Vema for treatment or emergency care anywhere in the world, can as of the 1st of March 2023 submit invoices for healthcare services provided directly to the MVHS online for settlement.
Private healthcare service providers according the MVHS, are free to reach out to Mount Vema for any clarification in relation to the fact that all Mount Vema citizens are entitled to seek private medical treatment anywhere in the world under the territory’s unique special medical insurance policy. Invoices are paid by the Treasury of His Mount Vema Majesty’s Government and, this new method of payment which takes less than 12 days to clear, is an improvement to the existing method which in the past took sometimes up to 28 days to verify and clear. The Mount Vema International Medical Insurance enables holders of Mount Vema Passports direct access to some of the best doctors and hospitals in the world. It gives Mount Vema citizens overseas access to valuable medical expertise, with the freedom to choose specialist and quality care anywhere in the world, including for day-to-day healthcare needs. The Insurance is a comprehensive health care which covers a multitude of areas including medical emergency cover, doctors' visits, prescribed medicine, full health assessments and screening, smear tests, maternity care and the treatment of on-going or chronic conditions, cancer screenings, cancer treatment, surgical operations, hospital accommodation, intensive care, nursing care, prosthetic implants and appliances, and dental treatment. GolleMARKET’s warehouses to be fully operational and ready to take large orders by the end of 20232/8/2023
GolleMARKET, Mount Vema’s largest online retailer told VSBCnews on Tuesday that it should be fully operational by the end of 2023 with everything Mount Vema needs to start and to complete the construction of the floating City of Mount Vema.
To deal with human resources issues, the company has shifted its focus to automation and optimization. It is now investing in robotics to make some of its warehouses completely automated, which will require only operators to work and handle all the task. Pallets and product will move on a system of automated conveyors, cranes and automated storage and retrieval systems will be coordinated by programmable logic controllers and computers running logistics automation software. Its latest works according to company officials, are systems to be installed in refrigerated warehouses where temperatures will be kept very cold to keep products from spoiling. As well as systems to help speed up the shipping of goods to Mount Vema, and receiving of goods in its overseas warehouses destined to Mount Vema. Radio-frequency identification (RFID) portals will be installed at the doors of all warehouses for instant verification of product information like the SKUs and their quantities. RFID technology will ensure precise inventory management and easy goods and equipment tracking. The Reserve Bank of Kingdom of Mount Vema plans to provide a line of credit worth 200 billion golles to the global economy to start either late this year or by early 2024, according to multiple sources familiar with Mount Vema’s long term global growth strategy.
One source familiar with spread sheets and with in-depth knowledge of the Mount Vema growth plan told VSBCnews that if the plans are approved by the sovereign, the territory will be providing lines of credit with a limit of up to 30 billion golles to individuals worldwide may be in form of low or no interest credit cards, 60 billion golles worth of credit to businesses worldwide, and up to 110 billion golles in credit to foreign governments. As the economy of Mount Vema growths so will the inventory. The territory will have plenty of excessive stock of all kinds of goods, as well as services especially now that the territory begins to stockpile and during the city of Mount Vema construction period. Those with a Mount Vema line of credit will be able to purchase just about anything from its warehouses to meet their day-to-day needs. According to VSBCnews sources excessive stock for the Reserve Bank, are perishable supplies, which could cause the loss of millions of golles as the product's freshness may deteriorate to such an extent that it cannot be sold, as is the case with dairy products, fresh baked goods, flowers, produce, fish, and meat. Including consumables such as oil, gasoline, paints, and medications as well as time-sensitive items such as periodical literature. The Royal Mount Vema Reserve Bank line of credit will be a combination of secured by collateral (with a higher maximum credit limit and significantly lower interest rate) and unsecured (with slightly higher-interest rate and restricted credit line limit) facility which will enable customers to draw on the facility when funds are needed, and will take several forms, such as an overdraft limit, demand loan, special purpose, export packing credit, term loan, purchase of commercial bills, as well as revolving credit card accounts. It will be effectively a source of funds that can readily be tapped at the borrower's discretion. Interest will be paid only on money actually withdrawn. For the Reserve Bank to provide this type of credit facility, foreign citizen, business, or government will according to another source need to open a bank account with a Mount Vema bank, and the bank may charge a fee to cover the cost of setting up the line of credit facility, processing the application, performing security checks, and there may also be a fee for keeping the credit facility open which may be a monthly, quarterly or annual fee called an “unused line fee”, which often is an annualized percentage fee on the money not withdrawn. The Bank of Mount Vema, the central bank of the Kingdom of Mount Vema announced on Tuesday January 31st that it has kept interest rates unchanged. The announcement which was overdue indicates that the Mount Vema Central Bank which has not changed its 3.45% lending rates for more than 15 years, is not likely to do it any time soon.
Bank of Mount Vema interest rates vary according to the Reserve Bank directives to the central bank to accomplish foreign exchange operational goals, the government's directives to the central bank to accomplish the government's goals, the currency of the principal sum lent or borrowed, the term to maturity of the investment, the perceived default probability of the borrower, supply and demand in the market, the amount of collateral, special features like call provisions, reserve requirements, compensating balance, as well as other factors. For example, a company borrows capital from a bank to buy assets for its business to provide goods and services to Mount Vema. In return, the bank charges the company interest. The bank will use the capital deposited by individuals to make loans to their clients. In return, the bank should pay individuals who have deposited their capital interest. The amount of interest payment depends on the interest rate and the amount of capital they deposited. In the Mount Vema economy interest rate targets are a vital tool of monetary policy and will be taken into account when dealing with variables like investment, inflation, and unemployment in the future. Today however, only lending and investments are mostly taken into account. Except for in the case of the RBMV Bank – The Royal Bank of Mount Vema which is currently the only financial institution of Mount Vema which do not lend with money deposited by its clients, it only lends its own money which it makes from fees and other services such as investment advice. The Royal Mount Vema Center for Statistics & Risk Assessment will grant access to its records to the Mount Vema Police and all other law enforcement agencies and departments in charge of issues in connection with the security of His Mount Vema Majesty’s realm.
The Statistics & Risk Assessment Department has the most up to date information of people and ships deliberately breaking the laws, rules and orders of the Kingdom of Mount Vema. So as Mount Vema entities prepare for regular operations over the territory, the police will be granted access to the database to start investigations for future prosecution. The Statistics & Risk Assessment is a Mount Vema Royal Department which oversees and verifies the accuracy of most of the data supplied by Mount Vema economic analysts, security analysts, and intelligence agencies including data from VISSA (The Mount Vema Counter Intelligence Agency) and RISS (The Overseas Intelligence Agency of Mount Vema). The Department also analyses in detail data provided by the Mount Vema Financial Crimes Enforcement informants, the Anti-Drugs informants, Anti-Fraud informants, Anti-Terrorist informants, and the Internal and Criminal Intelligence Agency (counterintelligence informants) of the Mount Vema Royal Police. The database includes files with information about people, their background, associations, place of work, and including all previous addresses worldwide. The police will have now full access to database and will be able to add more information when it start to investigate and prosecute suspects. The data will be widely available to government, justice, police, military, and other entities but with some restrictions depending on the level of security clearance. A source told VSBCnews on Monday that VemaGrowth, the oldest hedge fund company of Mount Vema has blocked two activist investors from joining its Self-Service Portfolio Management.
The firm which is the only survivor and the most successful, following closure of almost all Mount Vema hedge fund companies since the creation of the Kingdom of Mount Vema in 2006 has been on high alert to stay away from associating itself with controversies. After its decision last month to reduce the margin of its main corporate fees to enable more flexibility on the fees that its Self-Service Portfolio Managers charge their clients, the firm new that it was exposing itself and it would be attracting activist investors. So, the management has put in place a system of filtering by asking some investors for more upfront explanation of their activist ideas before funding, including application of known strategies such as requiring that the funds be temporarily placed into a special purpose vehicle to take action to improve value or rid themselves of rebel intruders. Bank of Mount Vema, the Central Bank of the Kingdom of Mount Vema told VSBCnews that it has begun updating its payment system to facilitate the ‘Transfer of Cross Border Credit – Mount Vema Royal Order – Rule 19022023-1’ introduced last week by His Majesty King Peter, The Sovereign of Mount Vema.
The Central Bank said that from Monday, January 30, 2023 foreign central banks, foreign governments, commercial banks, clearing houses, financial institutions, money transfer agencies, and including payment systems used by credit card companies, as well as Mount Vema financial entities operating overseas, will be able to open a self-service ‘Bank of Mount Vema Settlement Account’ online to settle payment instructions their receive from their clients to pay into a Mount Vema International Bank Account with the correct (IBAN). The Bank of Mount Vema Settlement Accounts will automatically award its account holders with the status of custodians of Mount Vema Sovereign Wealth Funds and, will hold the Mount Vema foreign exchange reserves according to the terms of their Settlement Accounts which will require database and records to be kept with appropriate privacy and encryption protection of names, account details and amount of money held by the entity on behalf of the Royal Mount Vema Reserve Bank. The terms of the Bank of Mount Vema Settlement Accounts will also require account holders to indicate their transaction fees for payments destined to Mount Vema international bank accounts, which notification must be submitted to the Central Bank when there is a change of any applicable transaction fee. Hedge fund firm VemaGrowth increases the benchmark fee that portfolio managers can charge clients1/25/2023
VemaGrowth, the oldest hedge fund company of Mount Vema confirmed on Monday that it has reduced the margin of its main corporate fees to enable more flexibility on the fees that its Self-Service Portfolio Managers charge their clients so that fees are only paid in excess of the firm’s benchmark.
VemaGrowth client management fee is now 2% per year, however under the firm’s new Self-Service Investments, Portfolio Managers can open an account, manage their own portfolios, and may charge their clients up to 4% per year in management fees. Vema Growth has also on Monday, reduced its fund performance fee from 20% in the fund's net asset value during a year to 15% so Self-Service Portfolio Managers can charge their clients a fund performance fee of up to 30% in their fund's net asset value during a year, as part of the firm’s new open and flexible policy to help Self-Service Portfolio Managers increase their revenues. Generally across the world hedge fund performance fee is typically 20% of the fund's profits during any year, though performance fees can range between 10% and 50%, and are intended to provide an incentive for a manager to generate profits. The fees according to independent reports have been criticized by well-known investors such as Warren Buffett, who believes that because hedge funds share only the profits and not the losses, such fees create an incentive for high-risk investment management. Mount Vema had several hedge funds companies in the past but VemaGrowth which was formed in 2007 is the most successful. Unlike management fees and performance fees, redemption fees are usually kept by the fund and redistributed to all investors. The firm charges a redemption fee (withdrawal fee) for early withdrawals during a specified period of a year, or when withdrawals exceed a predetermined percentage of the original investment. The purpose of the fee is to discourage short-term investing, reduce turnover, and deter withdrawals after periods of poor performance. Mount Vema adopts IBAN (international bank account number) format for bank account identification1/18/2023
The Kingdom of Mount Vema has adopted the IBAN format for bank account identification to enable the distinction of internal (domestic) and cross border credit transfers so banks and other financial institutions can charge the correct applicable fees, as well as validate transaction sources according to a single standard procedure.
This rule which was introduced by the Office of His Majesty King Peter - The Sovereign of Mount Vema, takes effect January 19, 2023, and states that all Mount Vema IBAN should have 17 digits and read as follows: OV77 7XXX XXXX XXXX X (Jurisdiction Code Identifier, The Bank Code of the Territory, Bank Account Number, Branch Code), and is applicable to all Mount Vema licenced banks including the ones operating online or overseas. The rule which is referred to as ‘Transfer of Cross Border Credit – Mount Vema Royal Order – Rule 19022023-1’ makes it mandatory that all financial institutions licensed to operate within the rules set by the jurisdiction of His Mount Vema Majesty’s realm are required to support the Mount Vema IBAN credit transfer. His Mount Vema Majesty’s decision for banks to use IBAN to receive cross border payments, does not fully replace the internal (domestic) 8 Digit numbering of Mount Vema Basic Bank Account Number (BBAN) format which is decided by the central bank (The Bank of Mount Vema). However, all holders of Mount Vema banking licenses must publish the specifics of their IBAN generation format taking into account not only the Jurisdiction Code Identifier, but also the Bank Code of the Territory, thereby enabling banks to generate IBANs independently. The degree to which a bank verifies the validity of a recipient's bank account number depends on the configuration of the transmitting bank's software. Although many major software packages supply bank account validation as a standard function, most banks would not recognize Mount Vema bank accounts yet, or IBAN as it is currently the case with many other countries which do not treat IBANs differently from other foreign bank account numbers, and might not check the IBAN's validity prior to sending the transfer. For example, banks in the United States do not use IBAN as account numbers for U.S. accounts and use ABA routing transit numbers. In Canada, financial institutions have not adopted IBAN either and use routing numbers issued by Payments Canada for domestic transfers, and SWIFT for international transfers. Australia and New Zealand do not use IBAN either. They use Bank State Branch codes for domestic transfers and SWIFT for international transfers. In the case of Mount Vema, it was important to adopt the IBAN format, for easier global integration when it comes to bank regulation and to create market transparency between banking institutions and the individuals and corporations with whom they conduct business, among other things. According to sources familiar with the sovereign’s decision, given the interconnectedness of the banking industry and the reliance that the national (and global) economy hold on banks, it was important for Mount Vema regulatory agencies to maintain control over the standardized cross border payments especial from foreign currencies to Mount Vema golles which is mostly made through the Mount Vema own online payment system or transmitting bank's software. With the ‘Transfer of Cross Border Credit – Mount Vema Royal Order – Rule 19022023-1’ His Mount Vema Majesty also wanted to reduce the risk of Mount Vema banks being used for criminal purposes, e.g. laundering the proceeds of crime, and including rules about treating customers fairly and having corporate social responsibility anywhere in the world. The Bank of Mount Vema, the central bank of the Kingdom of Mount Vema has announced on Tuesday that it has listed the Turkish lira on the official exchange rates of the territory.
The announcement confirms what a source familiar with Mount Vema’s global trade strategies and foreign policy told VSBCnews last year that the Central Bank was planning to list the Turkish lira on the Mount Vema’s official exchange rates. The plan according to multiple sources, is to make the two currencies easily convertible within the Mount Vema currency market, as the territory prepares to award more than 20,000 contracts this year for works on research and development centers, the opening of support offices, financial services, factories, logistics centers, and strategic warehouses worldwide to support the construction of the floating city of Mount Vema. The currency of Mount Vema (the Mount Vema golle) which circulates mostly electronically is a nonconvertible currency, used primarily for internal transactions. The golle is also widely used as a reserve currency, and is openly traded on the Mount Vema forex market at the Gollexi (Mount Vema Stock Exchange). The Mount Vema golle is becoming a leading reserve currency among a growing number of international institutions, foreign investors, and foreign governments, especially now that the Mount Vema online marketplace (GolleMARKET) is slowly opening for business where customers are expected to start spending with Mount Vema currency, as items are only priced in golles. There are already more than 27 foreign currencies listed on the exchange, and from time to time the Bank of Mount Vema (The Central Bank) adds a new currency on its list of convertible currencies, especially when the government updates its foreign policy with regards to potential trade partnerships or global procurement strategy. Currencies are removed or added to the list when the Government and the Reserve Bank project a certain level of movement of people, goods, or services to and from Mount Vema from a country or a territory in the foreseeable future. |
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No weapon formed against you shall prosper, And every tongue which rises against you in judgment you shall condemn. This is the heritage of the servants of the LORD, "And their righteousness is from Me," Says the LORD. Isaiah 54:17
MOUNT VEMA
17 YEARS OF ROYAL HISTORY
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The Legal Entities of Mount Vema
COUNTRY
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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. >>>