GaplaBank

GaplaBank

Type	Bank
Industry	Banking
Predecessor	Bank of Gapla MUfP
Founded	26 November 2019
Headquarters	New Gaplastovia , Federated States of Gapla
Area served	Global, primarily Gapla
Services	Investment and retail banking
Owner	Government of the Federated States of Gapla
Website	http://bank.gaplagov.org

GaplaBank, also known as the Bank of Gapla and officially the Federal Reserve Bank of Gapla, is the official and federal bank of the Federated States of Gapla. While other private, state-owned, territory-owned, or town-owned banks exist in Gapla, it is the only federally owned bank and prints the Gapla Dollar. The bank is headquartered in New Gaplastovia.

Currency

Main article: G$ (Gapla Dollar)

Gapla's national currency was the Micronations United for Progress micro and nano, for a period while when it was still a member state. However, a new currency, called the Gapla Dollar, was developed by GaplaBank and is now a functioning national digital and physical currency.

Throughout the Federated States of Gapla, the Gapla Dollar is used for a variety of services, as it is pegged to gold and usually worth around $0.05 to $0.06 in U.S. dollars. It can be used to purchase origami, 3D prints, and even bakery goods from many Gaplan retailers.

A foreign exchange service has been used to convert Gapla Dollars from U.S. dollars and very rarely vice versa, although the latter process is more complicated and involves finding a buyer and passing national background checks.