The Kingdom of Mount Vema has listed the Turkish lira on its official foreign currency exchange market
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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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