From what I’ve gathered so far Libra will be pegged 1-1 to the basket of reserve currencies. Do we know right now if we want to exchange Libra coins back to a fiat currency what the fees would be? I wasn’t able to find anything on the net - has any indication been given on this topic yet?
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Not found either.
There is a ‘Gas’ for transfer between Libra coins to Libra coins.
I think, the frees will become ‘Gas-Like’ for node (government, banking, partner) or broker or who ever ready to hold more Libra coins.
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Do you know the related reseller processing because it’ll be made with Gas, exchange fee, reseller, or etc.?
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In my understanding, libra is not fully control exchange to another currency. So, exchange should not include fully in libra.
Ref: https://libra.org/en-US/white-paper/#the-libra-currency-and-reserve
“bank deposits and short-term government securities in currencies from stable and reputable central banks”
My guess, gas is a must for transfer libra’s coins out to man in the middle (government and/or bank) when deposits and short-term government securities happen.
But agreement is not yet done, I only can guess.