Page "Grand Duchy of Avram" Paragraph 2

The unlicensed nature of the Avram Bank roused the ire of the Australian government, who promptly confiscated Avram's entire currency reserves and initiated proceedings against him in the Australian Federal Court system.

Eventually, after a total of six court cases, costing the federal government some A $ 22 million, the courts ruled that The Grand Duke of Avram had not engaged in any illegal activity, and ordered the return of all the confiscated property, however some disappeared in Federal Custody and later appeared on the market.

He was permitted to resume his banking practices unhindered.

He has issued several sets of coins and banknotes in the name of the Royal Bank of Avram since the 1980s ( the most recent of which are dated 2008 ) and has asserted to a number of media representatives that the bank operates from a number of unspecified sites inside and outside of Tasmania.