Gisreddean Banking System (concept)
The Gisreddean Banking System refers to the series of money-lending, money-changing, and banking institutions that have grown out of Peti Gisredde primarily during the era of 'Glorious Gisredde'.
While banking is common on Aeras, new laws streamlining the current of Peti Gisredde by the Council of Gisredde and a decree to erase all petty loans to local citizens in 1067 IS saw the collapse of the old ramshackle banking system and its immediate reformation into a far stronger institution. The multitude of petty quasi-criminal banks would effectively die overnight, being replaced by a far stronger series of merchant-led powerful quasi-criminal banks that would birth modern commerce. Buoyed by the massive flow of trade through the city, local banking charters would begin opening branches in every trade port with a Gisreddean Quarter (most on The Continent), and the formalization of the banking guilds would enhance the city's ability to tax them thereafter.
Peti Gisredde's banks have largely revolutionized the financial institutions of the Continent and have had massive effects on commerce as far as Kashirya. Aversarian and Sarradonian attempts to copy Gisreddean banks such as the 'Holy Bank of the Path of Coin' and the 'Good and Fair Institution of Good Sir Ranos's Paltry Interest Loans' would prove successful, but none would come close to the disgustingly wealthy Gisreddean charters. Many rulers across the continent have since enjoyed their patronage, especially the Aversarinas Aautokrata, which verged on bankruptcy for much of its history following the tenth century. Despite this, the most famous benefactor of city's loans is Grande Gisredde, the city only just kept afloat by a constant stream of loans to the chagrin of Peti Gisreddeans everywhere.