a network of collective farms. According to the issuer, the Raam is also a bearer bond that earns a total of 3% interest after five years (0.6% simple interest annually). The Raam was used, as of 2003, alongside Euros in accordance with Dutch law in more than 100 shops in the Netherlands. The Raam was convertible in the Netherlands at the Fortis Bank in Roermond. As of 2003, the Dutch Central Bank estimated that there were approximately 100,000 Raam notes in circulation. It also had limited acceptance in the Iowan cities called Maharishi Vedic City and Fairfield. According to Maharishi Global Financing, agreements were made in 2004 with a farmers' association in South America and with traditional leaders in Africa to start using the Raam for agricultural development projects. Administrative centers Maharishi Vedic City is the "Capital of the Global Country for World Peace." The city's plan and building code follow principles of Vedic architecture. Architecture professor Keller Easterling says that Maharishi Vedic City reflects the GCWP's interest in achieving a "benign form of global sovereignty". From 2004 to 2010 the GCWP owned the American Bank Note Company Building in New York City, USA which it called The Financial Capital of the GCWP. It was intended to be an administrative center for a project to raise funds for 3,000 peace palaces, and hospitals, organic farms, and clinics in developing countries, but over time, its primary use was as a Transcendental Meditation center. When the building became a financial burden it was sold in 2010 and the organization's $5.5 million profit were earmarked for a new Manhattan teaching center and other programs. The "US Peace Government" has announced plans to build a national capital near Smith Center, Kansas in Washington Township, Smith County. A ceremony was held March 28, 2006. Over were eventually purchased. Plans called for the construction of 12 to 15 buildings, including Peace Palaces and a broadcast center, at an estimated cost of up to $15 million. The plans divided the community. Nine pastors wrote to the local newspaper with concerns about the souls of area residents while the Chamber of Commerce looked forward to the creation of new jobs. The county planning commission placed a moratorium on any changes in land use in an effort to prevent the use of agricultural land for the capital, but they withdrew it after the movement threatened to sue in federal