Earn and burn - existing balances are being devaled into Pesos/Weimar Reichsmarks.
- Then Avios will have to get the banks to issue them in multiples per £ to get anyone to want to convert into them
--- With flexible currencies no-one will want to convert into Avios unless they see the availability, and then convert in real time (and complain loudly when conversion doesn't happen in real time)
--- Or perpaps we get a new, rolled up currency like Gold Avios (1 Gold Avios = 100,000 Old Avios)
- Why do they even bother giving out Avios for flying?
--- The soft bribe you give to customers in agency is TP