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 as an Agency of the Department of Treasury and to act as the Central Bank of Lehmark. Since the Imperial Banks founding is has expanded to provide Empire wide services, such as currency management and banking services - with the intent to expand into a Currency Exchange in the future.
Currently the Imperial Bank also manages financial activities for the Department of Treasury which includes the responsible payment of Universal Basic Income to all Citizens and Imperial Government Wages, and Deduction Taxes. This is all 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. During 2020 the printing of physical Florin Notes will begin, and later in the year the minting of silver plated coins.
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 economy policy in Lehmark"
The services provided by the Imperial Bank of Lehmark has allowed the Empire to progressively build one of the most advanced financial and currency platforms in the micronational world.
Contact the Imperial Bank of Lehmark via email: LehmarkDOT@gmail.com
The Lehmark Foreign Exchange was developed for the purpose of currency exchange, both micronational and macronational. It is expected by the end of by 2022, that the Lehmark Foreign Exchange, will offer exchange in 3 currencies, namely:
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 undertook the development of a 200 Imperial Florin silver plated zinc alloy coin.
All prices shown in the Lehmark Foreign Exchange are AUD. Free standard shipping on all items inside Australia.
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. From 1 July 2020, all new Citizens are entitled to receive a cash payment of 1,000f and thus require a Personal Bank Account to receive it.
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) a request for your login details
If you became a Citizen before 1 July 2020, check your email address for banking information as an account will have automatically been created.
If you became a Citizen after 1 July 2020, you need to apply for an account, an email with your banking information will be sent once approved.
Fill out the Withdrawal Request Form. Withdrawal amount limited to 500f per Citizen per withdrawal.
There is a flat rate $10.00AUD 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 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.
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