The Federal Bank of Robloxia

The Federal Bank Of Robloxia was the first type of bank in Robloxia.

It was founded in 1871 by the then president Theodore Chiblock. President Chiblock found that the current economic system, where there was only one department that managed money (Taxes, GDP, Loans ETC) was managed by the "Money Department" - was an inefficient way of sorting the countries economics. So he split the Money department into several different departments.

THE BANK WORKED LIKE THIS: Each region has its own Regional Bank and the regional bank would be governed by the Regional government.

in 1979 the president at that time, Jimmy Coblox, wanted a more centralised banking system. So he dissolved the Federal Bank of Robloxia and replaced it with the Bank of Robloxia.