East Rand Stereo well known for its variety and fun-to-listen-to music selection, day and night and also broadcasts various focused programs such as Gospel, Country, Boeremusiek and Classical Music In 2005 East Rand Stereo once again became a leader in the industry, when it became the first community radio station in South Africa to broadcast using RCS (Radio Computer Software), which was in the past only used by Larger Commercial Radio Stations. East Rand Stereo is also one of few community radio stations with a fully operational newsroom and a news team, providing local news to its community, including two daily "good-news" bulletins.
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