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Where are they going to get the cash? Cash is a very small percentage of all the existing money. Modern money is basically tree of connected electronic ledger.
by RobertoG 7y ago
Where are they going to get the cash? Cash is a very small percentage of all the existing money.
Modern money is basically tree of connected electronic ledger. In the top of the tree is the central bank, lower there are the saving banks, lower all the firms and households.
- rocqua 7y agoAfaik they can just order cash from the ECB. Hence my question whether there is regulation that would block this.