Great Desert Bank

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.

Xu Arslax Kikau

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.

After shifting the national economic focus to mining exclusively, the bank paid back its loan to Fishland in full on June 17th, 2024. The bank remained closed while putting together a comprehensive system for accepting deposits and keeping track of mineral supply in the future.

Reopening

Despite the continued Recession, the Bezuv announced the restructuring and reopening of the Bank on July 14th, 2024.

Rules

With the reopening of the Bank have come new rules about transactions: