Are the sponsor and issuer required to make a market for the MR$ currency?
The promise-to-conserve does not obligate the sponsor and the issuer to make a market for the Millennium Dollar® currency. In fact, if such market-making activities would in any way, in their sole discretion, affect their ability to meet their promise-to-conserve; then they should not engage in such activities. Historically, financial competitors have used an issuer’s promise-to-pay to effectively put them in a position, whereby they can no longer perform. (In effect, they can create a crisis similar to a run-on-the-bank.) Obviously, this is not in the best interests of the holders of the MR$ currency. The Millennium Dollar® is not a promise-to-pay, but a promise-to-conserve. As such, the sponsor and issuer are not obligated to convert the MR$ into USD or any other currency on demand. Conversely, the best way for the sponsor and issuer to support the value of the MR$ currency is to ensure that the present value assets are preserved. Meeting a promise-to-pay could force the inappropriat
