Bank of Gapla

The Bank of Gapla, officially the Federal Reserve Bank of Gapla and commonly known as GaplaBank, was the central bank of the Federated States of Gapla and its only government-owned bank. The Bank of Gapla issued the Gapla dollar, Gapla's currency and legal tender until 2026. Founded on 26 November 2019, it was headquartered in New Gaplastovia and was operated by the Ministry of Finance. While private banks operated in Gapla, most Gaplans deposited their funds directly to the Bank of Gapla.

On 2 June 2026, the Provisional Government of Gapla voted in favor of abolishing the monarchy and the Gapla Dollar.

Prior to 2026, Gapla used the Gapla Dollar (symbol: G$), a fully digital currency. The Gapla dollar was frequently exchanged for U.S. Dollars through in-person transactions and on the Bank of Gapla's online banking website, usually at a rate of 20 Gapla dollar per U.S. Dollar. Many businesses adopted the Gapla Dollar, and its uses included bakery items, 3D prints, arts and crafts, and websites.

Services

The Bank of Gapla's online banking website allowed users to view their balance, send and receive money, and purchase Gapla dollars for U.S. Dollars at a rate of 20 Gapla Dollars per U.S. Dollar. While an online banking app was planned by the Ministry of Technology and a prototype was built, the Provisional Government decided against continuing its development before its release.

The Bank of Gapla also offered an API, which allowed users to process online transactions on their website, operate automated in-person payments, and create recurring subscriptions. It also issued the GaplaCoin (GPC), an SPL-based Solana cryptocurrency that is pegged at a 1:1 ratio to the Gapla Dollar, although its use was limited. The cryptocurrency was an ERC-20 cryptocurrency on an Ethereum testnet, but the ERC-20 version of GaplaCoin was discontinued, although ERC-20 GaplaCoins retain their value.