Reply to post: Re: 1:1 inequivalence

You can trust us to run a digital currency – we're Facebook: Exec begs Europe not to ban Libra

Edward Phillips

Re: 1:1 inequivalence

It's the words "basket" and "strong" doing the heavy lifting there - how big is the basket and what's a "strong" currency?

Anyway, there are plenty of currencies which are officially pegged 1:x with the US Dollar - it doesn't mean that they're not currencies. Telling countries that your currency isn't a currency because it has a fixed exchange rate with existing currencies is ... not instantly persuasive.

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