The first thing this would do is show how important our local economy really is to the islands. When a dollar is spent, it usually turns over (5) times before it leaves the Hawaiian Economy.
Our currency would be on par with U.S. Currency and could be converted at any Hawaiin Bank on a 1 to 1 basis. Countries like El Salvador, Ecuador, & the Turks & Cocoas Islands and others use US Currency as their currency with a one for one par value.
We see no reason this couldn't be done in Hawaii. This simple change in state monetary policy when quickly identify the importance of local transactions.
One other point, theoretically, tourists would take home some of their Hawaiian Dollars as souvenirs. If there were a set amount of money printed and never increased, this tourism depletion would also make the Hawaiian Dollar have even more buying power for local goods.
Any comments out there? Thoughts, additions...to our comments?
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