How does MinexBank work?
The main purpose of MinexBank is to stabilize the exchange rate within the range of no more than 5% of the previous day’s closure price. The five per cent growth owes to the practice of global stock exchanges. Once the values are reached, stock markets halt the trading, thus preventing speculators and misguided investors from dictating their own prices.
Once the limit values of the five per cent range are reached, MinexBank has two options: it either changes interest rates for parking payouts, or intervenes to keep the price within the preset range. Coin parking and intervention are the basic financial instruments used by MinexBank.