Rand Airport air charter operators, flying schools and a number of aircraft maintenance organisations, as well other aviation-related enterprises. Charter operator Phoebus Apollo Aviation has its headquarters at Rand; the airport is also home to the Flying Lions Aerobatic Team. South African Airways donated a Boeing 747-200 and a Boeing 747SP to the South African Airways Museum Society which are on display at the airport. The airport also hosts an annual air show. There are no scheduled operations from the airport. Rand Airport is notorious for its hot and high conditions and relatively short runways. Situated at an altitude of above sea
Currency substitution On the other hand, currency substitution leads to the loss of seigniorage revenue, the loss of monetary policy autonomy, and the loss of the exchange rate instruments. Seigniorage revenues are the profits generated when monetary authorities issue currency. When adopting a foreign currency as legal tender, a monetary authority needs to withdraw the domestic currency and give up future seigniorage revenue. The country loses the rights to its autonomous monetary and exchange rate policies, even in times of financial emergency. For example, former chairman of the Federal Reserve Alan Greenspan has stated that the central bank considers the effects of