Can 1 unit 1 currency avoid Inflation ?

[Abba34]

When you came across the word inflation. What would be the FIRST thing that came to you mind?

The government of Zimbabwe had to completely abandon its own currency in 2015 or Your parents moan that that bowl of noodles used to cost 50 cents and all you needed was 20 000 to own a house back ‘in the old days’.

I came across an interesting concept about nationwide having the same currency with the same unit. Which means, if you pay 1 Ringgit Malaysia of Nasi Lemak in Malaysia. You will be able to get 1 USD of Nasi Lemak in the state. How cool is that?

When I was digging deeper in the world of internet. I came across a platform called BOOKCOINS, with the tagline “Protecting your wealth against inflation”. Although the website was written in funny English (probably a direct translation from Chinese or malay), but it carries an interesting concept.

It says, a unit of BC was created as 1 unit gram of silver. So user can buy Silver in any amount and change them to BC. In the future, BC will become a currency that can be use anywhere in the world, with 1 unit, which is BC in 1 currency.

With this concept, do you think inflation can be eliminated?

[Wesreidau]

That's not actually stopping inflation. That simply pegs the Nasi Lemak to the US dollar, which itself can inflate or deflate. 1 gram of silver per Bookcoin is also nothing original, but it ties economic growth to the production of silver. If they find a new silver mine,all your silver-backed currency loses value.

You'd think you were trying to sell us some sort of Chinese financier's monetary scheme based on how many economics discussions we have on our forum.