Friday, August 29, 2008

How the Koborg Bank became the alternative to the National Treasury

While I was gone, the following developments took place between Queen's Koborg Bank and the National Government.

Sometime in 2002 it was decided to fuse National Mail Service with the K0borg Bank, resulting in the National Mail and Bank.

Then there was the splitting of the Koborg Bank into Attland Insured Bank and an International Deposit Funds, with the minimal deposit of $100,000, and subsequently $1 million.

Then there was the reorganizing of the International Deposit Bank into Capital Fund, and developing two distinct services: Deposit Securities, and International Securities.

The Capital Fund grew and together with the National Treasury obtains unlimited trust from the US Reserve to purchase on request any amount of US currency for circulation in Attland.

The Capital Fund is given the right to print the National currency, which soon has been replaced with the US Dollar as the national fiat currency.

Kingstad royal estate territories (which are located inside the city of Miklasgard) have used the gold standard darling since King Yarl's return and reconstruction in 1973.

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