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Who decides what the exchange rate between BerkShares and U.S. dollars should be, and what do they base their decision on?

April 26, 2017base berkshares decides decision Dollars exchange rate

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Who decides what the exchange rate between BerkShares and U.S. dollars should be, and what do they base their decision on?

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The board of trustees of BerkShares Inc., a not-for-profit organization, decides what the exchange rate should be. The February 11, 2009 change to the exchange rate was based primarily on feedback from the community. The change is intended to enable wider participation of the business community and to increase opportunities for spending BerkShares.