The WorQour circumvents the Triffin Dilemma.
First recognized in the 1960s by the Belgian-American economist Robert Triffin. The Triffin Dilemma points towards possible conflicts of interest when a single national currency was also used as the global reserve currency. There are advantages to the nation whose currency is used and this creates a possible conflict of interest between national monetary policy and global monetary policy.
These problems do not arise when the WorQour ‘bridging’ currency is substituted for a global reserve fiat currency. There are no international conflicts of interest resulting from the use of the WorQour.
The WorQour cannot be exchanged for any goods or services within any national economy. It must first be converted into the local currency using the stable mHR and for this reason it does not interfere with the internal interest rates set by any national government institution. Changes in any of the domestic interest rates do not affect the mHR figures used in the WorQour conversion process.
As an inter-national bridging currency the WorQour only functions in the void between national economies. The currency is not used within any domestic economies.
The WorQour is strictly a debit-based currency that can be exchanged at a fixed rate, set by the government, for a predetermined amount of fiat currency. All nations are treated equally and no national currency is dominant or receives preferential treatment in the WEAPD/WorQour currency and payment system.
The WorQour is a neutral cashless currency that has no preferential affiliation with any national currency or monetary policy.
There are no WorQour bank accounts. As a cashless currency the WorQour cannot be bought, sold or traded, in the commercial sense, as fiat currencies and the global reserve currently are.
Domestic interest rates are cocooned within their national borders. They operate only within their own financial sphere and the WorQour bridges the void between them without disturbing the inner workings/plans of any government.
The current global reserve currency (US$) is used within its own national borders and also outside those borders to the extent that it also affects other national economies. Changes in US domestic interest rates or US$ currency exchange rates have a direct bearing on the economies of other nations.
At present International payment using a global reserve fiat currency result in nations/businesses stock piling reserves of overseas currencies.
The WorQours required for international transactions are created instantly, whenever needed, and holding stocks of global reserve or foreign currencies are unnecessary.
There are no WorQour bank accounts. The WorQour is strictly a debit-based payment medium that can be exchanged at a fixed rate for a predetermined amount of fiat currency. The fiat currency to be transferred is sourced from an existing fiat currency bank account. If the local funds are available the WorQours necessary for cross-border trade can be created immediately.
There are no international conflicts of interest resulting from the use of the WorQour as a bridging currency. All nations are treated equally. Nations all use their own stable mHR set by their government and no national currency is dominant.
There are considerable advantages in using a bridging currency as opposed to a global reserve currency.