In a press conference held in the city of Kotavari today, Enkâkourak Shounn Virny, accompanied by Dogashebanke president E. M. Starlynn and Commerce Secretary Shâssel Marlaryen, unveiled the latest advances in the Sabioveronese currency project which was announced precisely a month ago in a parliamentary meeting in Alios, where Mr. Starlynn was appointed president of the newly created Dogashebanke, the National Bank of Sabia and Verona.
Mr. Virny announced the new currency will be known as the groxi, and it’s expected to enter the Sabioveronese market and be fully functional by the next month. This, he clarified, was much faster than the Commerce Division had originally anticipated.
The groxi will be pegged 1:1 to lollipops in a system that will be known as the Káridos Jousitrinas (KJi), the lollipop standard. Mr. Marlaryen explained this system is simple and cute, and will be the new base of the young Sabioveronese economy.
The groxi will be a banknote-based currency, with banknotes designed for all the six denominations (1, 5, 10, 20, 50 and 100) by RA&V Artworks, formerly known as Demon.ink, the now government-owned design firm of King Tarek. The 2016 series, said Mr. Starlynn, will be titled to “icons and biodiversity“, and will feature important people of history that have influenced the Sabioveronese culture, as well as some Sabioveronese individuals, and species of plants and animals found throughout SiV.
Mr. Virny said he was hopeful the groxi would be a big step towards economic development and sovereignity of the Kingdom.