Turkish lira to be listed on the Mount Vema official foreign exchange market from January 2023 - sources
A source at the Bank of Mount Vema who is familiar with Mount Vema’s global trade strategies and foreign policy told VSBCnews on Tuesday that the Central Bank plans to list the Turkish lira on the Mount Vema’s official exchange rates.
The plan according to our source, is to make the two currencies easily convertible within the Mount Vema currency market from January 2023, as the territory prepares to award more than 20,000 contracts from January, and as Mount Vema companies intensify their searches to find locations to establish their research and development centers, open support offices, and financial services, factories, logistics centers, and warehouses.
The currency of Mount Vema is a nonconvertible currency, used primarily for internal transactions and as a reserve currency. It is not openly traded on forex markets other than the Gollexi, and it circulates mostly electronically.
However, the currency (the Mount Vema golle) is becoming a leading reserve currency among a growing number of international institutions and including foreign governments.
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.
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 future.
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