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> I'm not sure if anyone ever attempted a currency something like the Euro before. Well, from 1865 to 1927 there was the 'Latin' monetary union, which failed b
by krona 10y ago
> I'm not sure if anyone ever attempted a currency something like the Euro before.
Well, from 1865 to 1927 there was the 'Latin' monetary union, which failed because some countries (e.g. Greece) simply couldn't afford to produce the coinage and instead debased the currency.
- dkb 10y agoUSSR had one as well, the Soviet Ruble. You are right about the Latin Monetary Union, it is one of them. There was also the Scandinavian Monetary Union (SMU), and many more.