Posted by manualblock [ 69.112.43.172 ] on November 15, 2005 at 16:39:12:
In Reply to: Re: Arnold posted by akhilesh on November 15, 2005 at 15:25:16:
Yes; this is supremely of interest. I for one would love to hear from someone knowledgable on this subject also.
I understand it to mean that even thought the currencies float; the issuer realises an advantage from every transaction that increases the prescence of their currency since as the issuer they find whatever rate that their currency realises in respect to the float increases with increased valuation.
Thats from twenty years ago taking Money and Banking in college.
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