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<p>[QUOTE=&quot;Ocatarinetabellatchitchix, post: 3744680, member: 99554&quot;]IMHO the best example of transaction fees of all time is what happened with the Alexandrian mint. The Romans made a deal with Egypt : you provide us all the wheat&nbsp; we need to feed our people and we give you the authorization to establish a « closed currency system ». The system was initiated by Ptolemy I and maintained by Rome until Diocletian. It implied the presence of an overvalued local currency and the interdiction of the circulation of other foreign currency. All foreign coins had to be exchanged at the borders. For example, the Ptolemaic tetradrachm of ca.14g was exchanged 1:1 with the international circulating Attic standard tetradrachma of ca.17.3g. This system provided a <b>25% </b>gain on any foreign commercial transaction... that’s what I call business...[/QUOTE]</p><p><br /></p>

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