Ice mark

From Encyclopedia Westarctica
Revision as of 15:58, 3 November 2018 by DukeBearPeninsula (talk | contribs) (minor edit to release schedule, so it matches info on 20 ice mark article)
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Early prototype design for the front and back of a 20 ice mark note.

The ice mark is the official denomination of paper currency distributed by the nation of Westarctica.

History

The ice mark was originally planned to be a paper version of the Westarctican Dollar, which had previously only been produced in the form of metal coinage. Considering the great demand among collectors for paper currency, as well as the prestige brought from having high-quality banknotes, Grand Duke Travis created the office of Commissioner of the Treasury to manage the design and production process for the new notes.

The name "ice mark" was decided upon through a collaborative process during a meeting of the Royal Council in August 2018. Most ministers agreed that the "dollar" was a dated term linked exclusively with American money, and a different name would be help set apart Westarctica's banknotes as unique. Their Lordships, the Count of Goldstream and the Baron of Bastanchury were the primary creators of the name and it was swiftly approved by the Grand Duke.

Printing

Printing of Westarctica's ice marks falls under the authority of the Central Bank of Westarctica, which is currently headed by the Grand Duke and managed by the Commissioner of the Treasury on behalf of the Crown.

The first unit of paper currency scheduled for production is the 20 ice mark note, intended to be released by the end of 2018.