Quote Originally Posted by Anthony Joseph View Post
What is being 'redeemed', for what reason and by what means?
I don't know. The 'what' that is being redeemed could be FRN, or it could be those who use FRN, or both.

As to the reason they are being redeemed, again I don't know. It can be presumed the reason is for providing for moving between jurisdictions, or moving out of a jurisdiction altogether.

The means is apparently the act of making demand. It does not say whether the demand be in writing or if it may be made orally.