The First Bank of the Sith was created upon the establishment of Ni'novia as the Sith Capital. It started by absorbing hundreds of smaller banks within Sith allied territories including the Nymean Ascendancy and the Ter Benix Empire. The newly established money was called Sith Credits. This money was valued as low as one third the value of the Galactic Alliance Credits until the addition of Corellia and many, many other systems following the disastrous assaults on the Ni'novian Empire by the Galactic Alliance. Now, the Sith Credit is of slightly less value than the new Galactic Alliance credit: the Jedi Credits.
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