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.
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
Main article: June 2024 Xarslasja Recession
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.
December 2024 Remodeling and P.U.A. Expansion
The Yuma Exchange Rate Commission building and the Great Desert Bank were temporarily shut down, remodeled, combined, and equipped with the capacity to transact in both Slabs and the Puan Unity Argent, following Xarslasja joining the South Thasusan Common Market Agreement (STCMA). The new, combined Bank and Commission tower reopened on December 13th, 2024, with a new set of pricing guidelines. The rules remained the same, with some additional elements added to handle P.U.A. transactions.
Rules
With the reopening of the Bank have come new rules about transactions:
- No minerals may be purchased or sold; only the Slab Exchange will take diamond and Netherite (as of 7/13/2024)
- Raw Iron may be converted into P.U.A. at its exhange rate (as of 12/13/2024)
- No single transaction may exceed 2 Slabs in value (as of 7/13/2024)
- The limit for P.U.A. transactions is set at a similar value: 114 PUA (as of 12/13/2024)
- Some items may be ONLY purchased or ONLY sold by the Xarslasja government, determined according to the management of the Exchange Rate Commission (as of 7/13/2024)
- Slab transactions may only be completed at the Slab transaction desk, and PUA transactions may only be completed at the PUA transaction desk (as of 12/13/2024)
- A post office mailbox at the Yuma Post Office or the Colorado River Post Office qualifies as having a bank account at the GD Bank (as of 12/13/2024)
- To complete a transaction at the GD Bank, you must have a valid mailbox in Xarslasja (as of 12/13/2024)