Mr. Ken Epp: One of the factors that affects us in Canada big time is our very low Canadian dollar compared with the American dollar right next to us.

It aims to raise US$150 million in the first year, with an ambition to bring in funding of US$1.5 billion by the fifth year to provide education to a total of 75 million crisis-affected children and young people.

3. The major currencies for the purposes of paragraph 2 shall only include the US dollar, Euro, Japanese yen, Pound sterling, Australian dollar, Swiss franc, Canadian dollar, Hong Kong dollar, Swedish krona, New Zealand dollar, Singapore dollar, Norwegian krone, Mexican peso, Croatian kuna, Bulgarian lev, Czech koruna, Danish krone, Hungarian forint, Polish złoty and Romanian leu.

In addition to costing the Province of Quebec millions of dollars in legal aid, abandoning hundreds of victims who have lost faith in the justice system, seeing dozens if not hundreds of discouraged police officers demobilized by an investigation that did not end up in court, and billions of dollars of laundered money that is a pure loss to the Canadian and Quebec governments, organizing a mega-trial is an almost insurmountable challenge under the current Criminal Code.

The “Aero 2008” guarantee enables aeronautic suppliers at Tier 2 and below, which normally conclude supply contracts in US dollars, to benefit from a state-guaranteed US dollar forward rate for a specified amount of turnover and for a maximum period of five years (The measure does not, therefore, relate to Tier 1 and Super Tier 1 suppliers, which are partners sharing the risks with the aircraft manufacturers.) The guarantee therefore enables the undertakings concerned to cover themselves against the risks of fluctuation in the dollar-euro exchange rate for supplies of up to EUR 500 million.

As you have discussed with other presenters at these proceedings, these digital currencies can be converted directly to fiat currencies, such as Canadian dollars, and generally are considered the ones of most interest to regulators as they are the most similar to fiat currencies.