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A country willing to destroy it's hard currency would have absolutely no problem seizing the bank accounts of it's citizens. So these types of events are not re
by yholio 8y ago
A country willing to destroy it's hard currency would have absolutely no problem seizing the bank accounts of it's citizens. So these types of events are not really arguments for or against cash, it's all dumb luck if you get to keep one or the other.
In stable countries with a functional rule of law however, bank credit is seriously inferior to cash for all purposes except convenience and security.