Lehmarkian imperial florin
|Banknotes||50f, 20f, 10f, 5f, 2f, 1f|
|User(s)||Empire of Lehmark|
|Central bank||Imperial Bank of Lehmark|
Imperial Florin (sign: f) was the official currency of the Empire of Lehmark prior to the introduction of the Lehmark Digital Token, however now is reserved as a pysical currency for use within Lehmark only. Bank notes come in denominations of 50f, 20f, 10f, 5f, 2f, 1f and coins come in denominations of 200f.
As part of its duty in Lehmark, the Imperial Bank produced a total of 4,224f of physical notes, or in other words, 48 notes of each denomination. It is expected that by the end of 2020 this amount will increase to 15,000f. Second, to the production of notes, the Imperial Bank has also undertaken the development of a 200 Imperial Florin silver plated zinc alloy coin.
Currency in The Empire
The Constitution of the Empire of Lehmark formally recognises two currencies, the Lehmark Digital Token, which is the official currency, and the Imperial Florin (f). The Australian Dollar (AUD) is also used for external transactions only.
The Imperial Florin is the primary currency used internally within the Borders of Lehmark, and is used to purchase of goods and services offered by the Imperial Government and private company's in Lehmark. Imperial Government uses Imperial Florins when paying the wages of Citizens who are employed within the Imperial Government. The Imperial Florin comes in the denominations of 50f, 20f, 10f, 5f, 2f, 1f.
Silver Standard Development
Starting in October 2019 the Empire converted to a Silver Standard, this was achieved via the Imperial Bank, which coordinated purchases of silver bullion. The usage of a silver standard gives the Imperial Florin a "real world" value, and could potentially allow for purchases of goods and services outside of Lehmark in the future.
Between October 2019 and February 2020 the Imperial a total of 228.6 troy oz of silver bullion bars and this allows Lehmark to currently peg the value of 1 Florin to 0.00711g of silver.
As a result of the introduction of the silver standard, a Currency Balance took place which meant a reduction in wages, government expenses, and taxes. A total of 1,000,000f remain in circulation to allow for the current value of Florin to Silver.
The ultimate goal would be to purchase a total of 20 kg of silver (roughly 645 troy oz) and peg 1f to 0.02g of silver.
The Lehmark Foreign Exchange was developed for the purpose of currency exchange, both micronational and macronational. It is expected by the end of 2022, that the Lehmark Foreign Exchange, will offer an exchange in 4 currencies, namely:
- Imperial Florin
- Australian Dollar
- Draculian Mark
- Japanese Yen
Currently, the Lehmark Foreign Exchange is limited to exchange of Australian Dollar to Imperial Florin.
The Imperial Bank of Lehmark currently oversees and manages the Lehmark Foreign Exchange as part of its duties in currency management. As part of its duty in Lehmark the Imperial Bank produced a total 4,224f of physical notes, or in other words, 48 notes of each denomination. It is expected that by the end of 2020 this amount will increase to 15,000f.
Second, to the production of notes, the Imperial Bank has also understand the development of a 200 Imperial Florin silver plated zinc alloy coin. The coins are expected for delivery by the end of August 2020 and will be available in the exchange in early September 2020. A combo deal for Coins and Notes will also be made available.
All prices shown in the Lehmark Foreign Exchange are AUD. Free standard shipping on all items inside Australia.