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. Since the Imperial Bank's founding it has expanded to provide Empire wide services, including currency management/exchange and banking services. The Imperial Bank also manages payroll and financial services for the Department of Treasury which is conducted through an efficient automatic online system.
As part of currency management the Imperial bank has coordinated large purchases of Silver Bullion in order to firmly establish the Imperial Florin as an active currency with a value that can one day be used outside of the Empire for legitimate purchases of goods and services.
His Imperial Majesty William the First, Emperor and Autocrat of Lehmark has been quoted many times saying:
"Sound financial and economic policy will always lead to a stable and prosperous nation. This is why the stability of silver bullion and the establishment of a Silver Standard has aided in the foundation of successful economic policy in Lehmark"
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: LehmarkDOT@gmail.com
From 19 April 2019 - 1 July 2020, Personal Bank Accounts were created for all new Citizens who became such via Application. If you have lost your banking details please contact the bank at the email address provided above. All Citizens who become such via Application or birth from 1 July 2020 need to apply for a Personal Bank Account using the below Form.
All company's who register in Lehmark and conduct business via Imperial Florin, need to have a Business Bank Account registered with the Imperial Bank of Lehmark. Company's can use the below Form to apply.
All Citizens of Lehmark who are employed either in the Imperial Government or a private business and are paid via Imperial Florin are also required to have a Personal Bank Account to receive their wages/salaries.
Services Provided by a Bank Account:
The Imperial Bank of Lehmark has no physical locations to withdraw cash, Citizens of Lehmark can fill out a Withdrawal Request Form and we will manually deduct the balance from your account and post you the physical cash.
Important Information Below
If you don't know your login information, email (listed above) to request new login details
Fill out the Withdrawal Request Form. Withdrawal amount limited to 500f per Citizen per withdrawal.
There is a flat rate $5.00AUD postage fee, which needs to be paid within 24 hours of request. Transaction conducted via this PayPal link:
There is NO charge for the physical cash.
Currency in Lehmark
The Constitution of the Empire of Lehmark formally recognises two official currencies, the Imperial Florin (f ) and the Australian Dollar (AUD).
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 200f, 50f, 20f, 10f, 5f, 2f, 1f.
The Australian Dollar was established alongside the Imperial Florin as an official currency so the Empire of Lehmark had an ability to conduct business with governments and businesses outside of Lehmark, and to use a more recognised means of trade.
Physical Notes and Coins are available for purchase through the Lehmark Foreign Exchange.
Silver Standard Development
Starting in October 2019 the Empire converted to a Silver Standard, this was achieved via the Imperial Bank who 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 20kgs of silver (roughly 645 troy oz) and peg 1f to 0.02g of silver.
Planned Silver Purchase Phases
Phase 1 was the purchase of 8.215oz of silver. Complete.
Phase 2 will involve the purchase of 20oz (Troy) of Silver. Complete.
Phase 3 will involve adding 3kgs of silver to the Treasury. Complete.
Phase 4 will involve adding another 13kgs of silver to the Treasury this is expected to be completed by 2026.
The Australian Royal Commission into the Banking and Finance Sector revealed to the public the gross corruption and negative impact the major banking and financial institutions in Australia were having on the population, and it also revealed the illegal conduct the banks were conducting behind closed doors.
The Emperor and Autocrat published Imperial Decree XLII - On Social Reform, Banking Regulations and Imperial Grant. This Decrees primary purpose was ensure that the Imperial Bank of Lehmark would stay as an institution primarily responsible for financial regulation and stabilisation. This was achieved by removing the banks ability to engage in activities which would see it make a profit.
In Accordance with Imperial Decree XLII - On National Social Policy, Banking Regulations and Imperial Grant:
The Imperial Bank of Lehmark (“IBL”), was founded as the national financial institution to manage the currency, payment of wages and the Imperial Treasury the following regulations are to be introduced immediately:
In terms of fees:
Transaction, accounting, banking or any other fee to customers and clients of the bank – the bank does not exist as a for-profit business
In terms of bank accounts/security:
Names are to be removed from bank accounts and replaced with an account number which is to be randomized – this will not affect username and passwords. This will aid with security once the UBI is introduced.
Businesses must apply for a separate bank account within 60 days of founding the business – this is primarily for accounting and taxation purposes.
In terms of currency regulation:
The IBL is hereby given the power to arbitrarily remove up to 150f from every registered bank account in the Empire every 3 – 6 months.
The current digital structure of the bank does not allow for 0% interest and therefore having interest accrue reduces the value of the florin by automatic creation of more money, therefore by allowing the bank to remove said money the bank is able to stabilize the value of the currency.
A person must be 15 years or older to register a bank account