Imperial bank of Lehmark
Imperial Bank of Lehmark
Governor of the Imperial Bank of Lehmark: William Lehman, Emperor and Autocrat of Lehmark
The Imperial Bank of Lehmark was founded to be the Central Bank of Lehmark and to support the Department of Treasury in financial matters and the management of currency. The services provided by the Imperial Bank of Lehmark has allowed the Empire to progressively build one of the most advanced currency platforms in the micronational world.
Contact the Imperial Bank of Lehmark via email: DOT@lehmark.com
Currency in Lehmark
The Constitution of the Empire of Lehmark formally recognises two official currencies, Lehmark Digital Token and the Imperial Florin. The Empire uses Australian Dollars for external transactions.
Lehmark Digital Token is a cryptocurrency we created in 2022. LDT is hosted on the Stellar Network using the Stellar Blockchain. Unlike the Imperial Florin, LDT has no backing and would be considered a fiat currency - its value is based on supply, demand and consumer confidence. LDT can be traded using a Wallet or our Banking Bot on Discord. LDT is also an autonomous currency, the Imperial Bank and Empire have no control over it.
The Imperial Florin was the original currency created when the Empire was founded. Having lost favour during the 2022 March Constitutional Reform. The Imperial Florin is now a purely physical currency backed by silver bullion and is purchasable through the Foreign Exchange.
Physical silver is held by the Imperial Treasury to give the Florin a sound value.
The Imperial Florin comes in the denominations of 200f, 50f, 20f, 10f, 5f, 2f, 1f.
Over 250oz of Silver are possessed by the Empire to provide the Imperial Florin with value.
Notes and Coins are available for purchase through the Lehmark Foreign Exchange
Imperial Bank of Lehmark Bot on Discord
In early 2022, the Imperial Bank Discord Bot was developed, for conducting transactions in Lehmark Digital Token (LDT). This Bot smartly tracks all transactions and differentiates between users' balances'. All LDT held by the Bot exists in a Government Crypto Wallet, Lehmarkians do not need a Wallet in order to use the service. This benefits those underage and those who live in a macronation where crypto is illegal or inaccessible.
After the Reform, the original banking Portal hosted by the Imperial Bank was destroyed, as with every digital Imperial Florin. Those with a balance in the Bank, were transferred the exact amount in LDT.
Services provided with the Bank bot:
Deposit - use command '/deposit'
This command will allow those with a Wallet to deposit LDT into the Bot.
Withdrawal - use command '/withdraw'
This command allows those with a LDT Balance to withdraw the LDT to their Wallet.
Direct Payment - use command '/pay'
Balancing - use command '/balance'
Silver Standard Development
Starting in October 2019 the Empire developed a Silver Standard Currency known as the Imperial Florin. The purpose was to provide a currency with a sound and real value.
Between October 2019 and October 2021 a total of 281 troy oz of silver bullion bars was purchased, approximately $9,000AUD. At its height around 1,230,000f was in circulation therefore 1f was worth about 0.007g of silver.
The March Constitutional Reform in 2022, forced the Imperial Florin to become a physical currency only, with notes and coins being purchased through the Foreign Exchange.
The Empire still holds all silver purchased, currently there is about 10,000f in physical form which means each Florin is worth 0.874g silver each.