What is the timeline for BerkShares?
At the end of June 2007, BerkShares, Inc., with input from participating banks and businesses, will evaluate the circulation of the local currency. At that point those participating might recommend modifications to the program--such as a 5% discount rather than 10%, or the addition of another denomination.
If changes are approved, then BerkShares, Inc. will take the next two months to structure the changes which will then go into effect on September 30, 2007.
In the unlikely event that exchange in BerkShares fails to be vibrant, then trade in BerkShares will terminate on September 30, 2007. Those with BerkShares in hand will have until December 31, 2007 to exchange their BerkShares for federal dollars at designated BerkShares Exchange Banks...
teferi: Hey, I didn't know there were other Rockers here. When were you there, hincandenza?
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