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Baron of Bastanchury
Joined 31 March 2018
User:Baron of Bastanchury (view source)
Revision as of 08:35, 19 September 2018
, 08:35, 19 September 2018→Backing
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===Backing=== | ===Backing=== | ||
As of 2018 and unless or until indicated otherwise, Westarctican paper banknotes have no backing in specie and may not be redeemed within Westarctica or elsewhere for any form of bullion. Neither are these notes | As of 2018 and unless or until indicated otherwise, Westarctican paper banknotes have no backing in specie and may not be redeemed within Westarctica or elsewhere for any form of bullion. Neither are these notes tied to any existing exchange rate with regard to other forms of currency, whether micronational or other, anywhere in the world. However, they are available as items of curiosity; other entities may offer exchange rates for these notes at whatever rate they deem appropriate, if any. With regard to the current (2018) issue of banknotes and until/ unless other subsequent notification is given, Westarctica takes no interest in such matters. | ||
Also note that the bearer of any Westarctican banknote of the extant series of such banknotes may not demand redemption of these notes for any amount of currency issued by any micronational nor non-micronational government entity. Unless indicated otherwise, banknotes issued by the Bank of Westarctica do not have any exchange value with regard to any published exchange rate of any world currency, past, present, or future, and the holders of said banknotes shall not expect said currency to be recognized as holding intrinsic comparable value in the currency of any nation. | Also note that the bearer of any Westarctican banknote of the extant series of such banknotes may not demand redemption of these notes for any amount of currency issued by any micronational nor non-micronational government entity. Unless indicated otherwise, banknotes issued by the Bank of Westarctica do not have any exchange value with regard to any published exchange rate of any world currency, past, present, or future, and the holders of said banknotes shall not expect said currency to be recognized as holding intrinsic comparable value in the currency of any nation. | ||