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?
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.
Do you know the related reseller processing because it’ll be made with Gas, exchange fee, reseller, or etc.?
In my understanding, libra is not fully control exchange to another currency. So, exchange should not include fully in libra.
“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.