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Mexican Congress Debates Monetization Of The "Libertad" Silv

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Mexican Congress Debates Monetization Of The "Libertad" Silv

Postby Saabman » Fri Sep 15, 2017 10:08 am

http://www.zerohedge.com/news/2017-09-1 ... lver-ounce

The central feature of the proposal is that the Central Bank of Mexico (Banxico) shall determine a value in pesos for the “Libertad” silver ounce; and that this value shall be slightly higher (by a percentage that would be defined in the corresponding Law) than the price of silver in the international market, in order to provide Banxico with an assured profit in minting and placing these coins in monetary circulation.

Thoughts?
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Re: Mexican Congress Debates Monetization Of The "Libertad"

Postby 68Camaro » Fri Sep 15, 2017 1:20 pm

It's been proposed informally for some years. (Didn't read the article) Might result in some interesting unintended consequences if it has a floating value.
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