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Exchange Rate Loans
1LE = 20 KP
1LE = 18,5 KP 1LE = 17 KP
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1- 1 LE ----> 20 KP (real value of currency)
2- 1 LE ---> 18.5 KP ( 1 KP savings for bank services - 0.25 for government -
0.25 community services for the people )
3- 1 LE ---> 17 KP for Non Khalifa Members (1KP savings for bank services - 1 KP for government - 1KP saved for community activities run in the area)
4- Years ahead value of currency will rise.
Loans will be granted according to the reputation of Al Khalifa member, it will cover certain issues:
Marriage expenses
Educational expenses
New businesses (products - sewing machines etc)
Public transportation expenses
How can the build become economically sustaianble?
Catalyzer for local consumption and development: social currencies should be seen as a mechanism, even if temporary, to stimulate the local consumption and appreciation of local products.
Factory Monthly Allowance
10,000 KP
This covers their basic necessities which include:-
Education for children
Food necessities (check tamween list)
Monthly rent for apartment
Electricity and water bills
Healthcare Insurance
The factory will be design to host workshops for newly established business.
1- % of profits made will go to the bank.
2- Bank will renovate the factory and run it by funds from NGOs and tax fee.
Stock Exchange Market Issuing Tickets - Taxation
Citizens can buy shares to invest in workshop businesses being newly established (based on reputation of Al Khalifa member in the area.
For every 1 share ---> the shareholder gets a monthly percentage % of the profits in KP For every 1 share ---> the money paid will help make the workshop grow by supervision from the bank.
External sources needed for business to grow will be bought and supervised by the bank
Renovated sites could be reopened and connected with the context of the bank for the public this will allow:
1- A public image of the sites to be established. brand image
2- Different pricing of the tickets for residents and non residents