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The
Royal Borneo Nations Central Bank is the
exclusive issuer of the Royal Borneo Pound
“banknote” and “coinage” which is expressed as
“pence”.
Currency Value
One
(1) Royal Borneo Nations Pound (RBP) is
equivalent to Point Zero One (0.01) of a gram of
gold.
(One
Hundred Royal Borneo Pounds is equivalent to One
(1) gram of GOLD)
Pursuant to the full implementation of use of
the Royal Borneo Pound and Pence in the Royal
Borneo Nations Kingdom, a transition interval
will be determined as an amicable term to allow
for the implementation.
All
Instruments of Payment(s) nominated in the Royal
Borneo Pound (RBP) for a cashless payment; such
as by Bank Draft, Cheque, Telegraphic Transfer,
Credit and Direct Debit Transfers, and/or
Financial Instruments such as: Bills of
Exchange, Letters of Credit, Bank Guarantees,
Promissory Notes or such other bank issued
payment guarantee(s) are to be considered
legally issued once cleared for registration
with The Royal Borneo Nations Central Bank.
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