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05/03/2011

One Year of the Egtavian Star - 06/03/2011

Issue Thirty Nine

05/03/2011 One Year of the Egtavian Star - 06/03/2011 Issue Thirty Nine Back Page: Page 5

Back Page: Page 5

NATIONAL BANK OF EGTAVIA OPENS

05/03/2011 One Year of the Egtavian Star - 06/03/2011 Issue Thirty Nine Back Page: Page 5

A modded version of PHPbank lets the National Bank of Egtavia support inter-user transactions, buying E via PayPal, and withdrawals of E as physical banknotes.

The idea of a bank was considered for a

the

installation

of

the

software

 

on

long time in Egtavia, but a lack of known

bank.egtaviagov.co.cc.

The

software

software suitable for the task and a

was too limited to be of use initially, so

general unwillingness on the part of the

the code was

modded

to

add

in

a

Government has meant that the idea

function to send

an e-mail

request for

has only just come to fruition. The

printed

Egtavian E

banknotes, and a

discovery of the excellent PHPbank

“Buy E” button was added so that users

software by the Government precipitated

of the bank could exchange any major

05/03/2011

One Year of the Egtavian Star - 06/03/2011

Issue Thirty Nine

world currency for E via PayPal, which may be withdrawn into banknote form for free at any time, or converted back into hard cash via PayPal.

posted to, and the account

name for

confirmation. When this has been received, the withdrawn E is debited from the withdrawer's account in the

bank, and is returned to the issuing

The main issuing account in the Bank of

When E is withdrawn from an account in

account. After this

is done,

the

bank's

Egtavia is charged with a near-unlimited

database is automatically updated

to

amount of E, to be issued to other bank accounts in exchange for hard macronational cash, or micronational currencies received by the Egtavian Government, as part of a Foreign Exchange (Forex) scheme.

the Exchange Bank, a complex process is set in motion. First, an automated e- mail is sent to the bank's e-mail address containing the amount of E requested for withdrawal, the address they are to be

issue a notice for the amount of paper E to be printed or taken from the government's store, and the paper E banknotes are verified for validity and are counted up.Following this, the final stage in the process is the posting of the withdrawn E to the address supplied by the withdrawer, who may use them as they see fit, or even return to the bank in exchange for their money back.

Tests of the bank's software continue.

05/03/2011 One Year of the Egtavian Star - 06/03/2011 Issue Thirty Nine world currency for E

The account panel in the National Bank of Egtavia. E may be bought, withdrawn, and sent to or requested from other accounts in this screen.