Economic Surgery: Money Value Transfer and Storage - Open Access Library Journal

OALibJ > Vol.3 No.3, March 2016

Economic Surgery: Money Value Transfer and Storage ()

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DOI: 10.4236/oalib.1102454 784 Downloads 1,403 Views

Author(s)

Franklin Chiemeka Agukwe

Affiliation(s)

Finance Section: Skymax Integrated Networks Limited, Yola, Adamawa, Nigeria.

ABSTRACT

This paper is an attempt to create a system that could help minimize the rate of borrowing by developing nations through a system known as MVTS. MVTS is a system that is similar to the Gold Standard. It seeks to apply the Gold Standard system in a currency form that transfers and stores the value of foreign currency of high value into a created domestic currency of low value so that money value of created domestic currency can be boosted through its conversion to a foreign currency of high value. In this paper three issues are being focused on which are, money value transfer and storage, tackling any possible threat posed by MVTS and benefits of MVTS.

KEYWORDS

Economic Surgery, Borrowing, Debt, Money Value Transfer and Storage, Money Velocity and Foreign Currency

Share and Cite:

Agukwe, F. (2016) Economic Surgery: Money Value Transfer and Storage. Open Access Library Journal, 3, 1-8. doi: 10.4236/oalib.1102454.

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