Great Desert Bank: Difference between revisions
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[[File:Inside Xu Arslax Kikau. | [[File:Inside Xu Arslax Kikau.webp|thumb|alt=Inside Xu Arslax Kikau|Xu Arslax Kikau]] | ||
Revision as of 21:18, 13 June 2024
The Great Desert Bank (Arodjun: Xu Arslax Kikau) is a bank headquartered in Yuɱa that aims to transact minerals and grass blocks in exchange for Slabs (POS) according to the pricing standards set at the Slab Exchange. There are plans for multiple locations, but for now the Yuɱa location at 206 Sl. Xarslasja is its only branch.
Its Slab supply comes directly from the treasury of the Bezuvate of Xarslasja, making it a National Bank controlled directly by the Bezuv Agma Schwa.
June 2024 Bankruptcy and Government Assistance
On June 10th, 2024, Elisa of Fishland attempted to exchange 32 stacks of Gold Blocks for 100 slabs. This value vastly outnumbered the total value of the national vault of Xarslasja, which was valued at one Slab. The one slab was paid out and the remaining stacks of gold blocks were returned to Elisa. Prior to this, no transaction at the Bank had exceeded values that could be measured in slablets, so no system of transaction size limits or bank loans had been established. With no money remaining in the national vault, the Bank instantly became insolvent.
The Bezuv had the doors of the bank and the Xarslasja Exchange Rate Commission sealed shut and all further transactions postponed until enough resources had been extracted to reestablish a valid national vault.