Can I read Gold-Based Currency Board Proposal on EtoBox?
Gold-Based Currency Board Proposal by lhunterssi is a document available to read on EtoBox.
What is Gold-Based Currency Board Proposal about?
The document proposes establishing a gold-based currency board for Country X that would issue currency fully backed and convertible to gold at a fixed rate. A draft law is presented that would create an independent currency board governed by directors from Country X and other countries. The currency board would maintain 100% foreign reserves in gold and other assets to back its currency in circulation, operating passively without discretion over monetary policy. Any profits beyond maintaining a 110% reserve
- Author
- lhunterssi
- Language
- EN