The comptroller would also be required to create a mechanism that would allow the new gold-backed digital currency to be used by citizens for their daily transactions.
“The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust,” the bills state, adding that if needed, a private vendor can be enlisted to help establish the digital currency. introduce bills pushing back against the creation of a U.S.-dollar-based central bank digital currency (CBDC), Texas is opting to go a different route with the creation of a state-issued, gold-backed digital currency.īased on the text of Senate Bill 2334, which was introduced by state Senator Bryan Huges (R), and House Bill 4903, which was introduced by state Representative Mark Dorazio (R), the legislators are looking to require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold. Receive a comprehensive recap of the day's top stories directly to your inbox. Before you go to any currency exchange, you should check general conversion rate with currency converter.Get all the essential market news and expert opinions in one place with our daily newsletter. There are possibilities to exchange money at currency exchanges in the city or malls, online, via money transfer services and at least banks, with very often huge commissions. But if you want just to convert your Indian Rupee to United States Dollar, then you have to compare and to know where is the best inr to usd exchange rate in India. Also, if you need to transfer Indian Rupee or United States Dollar to any country or from India to United States, you're able to transfer money via xoom, Paypal, Moneygram, Transferwise, Western Union etc. First, check on currency converter for general inr to usd conversion rate, then you can look for currency exchange or exchange money somewhere online.
If you travel to India, you can easily convert and get Indian Rupee at any currency exchange in India. INR to USD currency pair can change anytime and may be difficult to predict the future. INR to USD - Indian Rupee to United States DollarĬonvert Indian Rupee to United States Dollar with flexible currency converter, also check Indian Rupee to United States Dollar exchange rate which is changing every second and may be impacted of everyday political or economic life.
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