As a counter-example to your thesis, I point to the Rentenmark, introduced to stop the hyperinflation during the Weimar Republic. Quoting https://en.wikipedia.o

As a counter-example to your thesis, I point to the Rentenmark, introduced to stop the hyperinflation during the Weimar Republic. Quoting https://en.wikipedia.org/wiki/German_Rentenmark https://en.wikipedia.org/wiki/German_Rentenmark : > Although the Rentenmark was not initially legal tender, it was accepted by the population and its value was relatively stable. The Act prohibited the recently privatised Reichsbank from continuing to discount bills and the inflation of the Papiermark immediately stopped. > Thus the monetary policy spearheaded by Schacht at the Reichsbank and the fiscal policy of Finance Minister Hans Luther brought the period of hyperinflation in Germany to an end. The Reichsmark became the new legal tender on 30 August 1924, equal in value to the Rentenmark. This marked a return to a gold-backed currency in connection with the implementation of the Dawes plan. That sounds like the bearers were paid for taking something which wasn't legal tender.