The press release has this interesting statement:
"To fund this development the government doesn't need to borrow from abroad. It just issues an alternative currencya couponand loans it to the project for the start-up costs, and to immediately improve the farmer's housing and living conditions. The coupon's validity is restricted to the locale of the project, and it lasts for only a three-year periodand thus inflation is avoided. When the first crop is exported and dollars are earned, the government coupon loan is repaid by the project in dollars. So today's government issued coupon becomes tomorrow's dollar in the National Treasury." The money (or coupon as they state) expires in three years. Thus it appears that the last person holding the coupon gets nothing. Doesn't make sense. If that was the case the farmer wouldn't be able to use the coupon to buy stuff to "improve the farmer's housing and living conditions" because no one would want to be stuck with the coupon. Maybe the "stuckee" can turn it in for standard money after three years? If so, why not have the government loan real money in the first place? Oh yeah, they don't have the money. And if you can turn it in for real money in three years it is inflationary. They created money out of nothing. Nader, Nader, Nader. Oh dear. The whole creating money out of nothing is an interesting issue to watch with the TMO.
