- Iran issues a New Currency with xx xxx rials being equal to one New Currency on a specific date.
- On the same date, Iran introduces a completely transparent Daily Index compiled mainly from the US Dollar / New Currency daily free market rate.
- Iran requires capital maintenance in units of constant purchasing power in terms of the Daily Index as from that date. This would require all constant real value non-monetary items (the entire constant item economy) and all monetaery items (the entire monetary economy – money supply) to be measured daily in terms of the Daily Index.
- All New Currency monetary items would be indexed daily in terms of the Daily Index. Result: no cost of or gain from inflation: New Currency monetary items would have constant real values over time. Brazil indexed monetary items daily in terms of their Unidade Real de Valor daily index.
- All constant real value non-monetary items (constant items), e.g., salaries, wages, rents, fees, royalties, taxes, trade debtors, trade creditors, all non-monetary payables and receivables, taxes payable, taxes receivable, capital (all items in shareholders´ equity), provisions, etc. would be indexed daily in terms of the Daily Index. Result: all constant items would have constant real values over time. Result: a stable non-monetaery economy - like Brazil had.
- The Daily Index would be completely transparent: anyone would be able to check its validity.
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