sample currency


Rev. 2.


a)

xyz dollar



b)

denominations $5, $10, $50, $100, $1000

coins 10c, 20c, 50c, $1		(2 x 50c = $1)



c)

volume on issue $1T.



d)

pegging


sugar $2 pound


public transport $5. (10 mile journey).


beans, $1 per 200g.



To create value for the currency, by law all transactions involving these items must take place using currency and at that price.


This means that two $1 coins would now have the value of 1 pound of sugar.


Alternatives include commodity-backed currencies, which are directly exchangable for a commodity.




e)

floating rate to check prices


sugar, floating price in quantities less than 1 tonne.

fixed price $2 pound for amounts over 1 tonne.



if the floating price and fixed price vary by more than 20% or 30%, adjust fixed rates to match floating rates, 

or issue/cancel currency




f)

inflation

2% to 3% p.a.

adjusted by issuing more in salaries/benefits than is collected in tax



g)

reissue if conditions become untenable



amounts created to pay for goods, etc. should only be slightly greater than the amount that is collected in tax
