20 ice mark note

From Encyclopedia Westarctica
Revision as of 19:32, 29 September 2018 by Westarctica (talk | contribs) (added more info)
Jump to navigation Jump to search
20 ice mark note obverse

The 20 ice mark note is the first denomination of ice marks to be issued by the Central Bank of Westarctica. As such, it has become the first legal tender paper currency ever created by Westarctica.

History

The note was designed by the Baron of Bastanchury in his capacity as Commissioner of the Treasury. There was significant debate about backing the ice marks with some real commodity, such as silver, but this was ultimately rejected as financially infeasible.

The Central Bank has not yet announced the proposed exchange rate for the marks.

Release

Although the final number of notes to be printed has not yet been decided, the 20 ice mark notes are anticipated to be released in late 2018 with a printing of around 600 - 1,000 individual banknotes.