Auroran Central Bank: Difference between revisions

The '''Auroran Central Bank''' (ACB) is the central bank of the [[Kirib]] Monetary Union (kiribzone) – a union of nations primarily located in [[Aurora]]. The bank is located in Tarov, [[Tivot]] and is headed by President of the ACB, Edith Dohaer of [[Great Morstaybishlia]]. The bank regulates and controls the kirib and succeeded the Bank of Staynes in this role. The working language of the organization is Staynish.

 

The Bank of Staynes was the central bank of Great Morstaybishlia and its empire. It issued the kirib as the currency of the Empire. Through bilateral arrangements with the Bank of Staynes, other Auroran nations made use of the kirib. As Great Morstaybishlia democratized and decolonized and the economic and political links of the Auroran nations especially those using the kirib became more intertwined, the kirib became more deeply entwined with economics of Aurora. To both relieve the Bank of Staynes of the incredible financial pressure of maintaining the currency and to respect the equality of participating nations, the Bank of Staynes surrendered control of the kirib.