5 ms·
Arguably silver sterling standard of England can be considered equivalent to modern fiat money, too - a critical component of its value at one point became the
by p_l 6y ago
Arguably silver sterling standard of England can be considered equivalent to modern fiat money, too - a critical component of its value at one point became the fact that tax payment was defined in pounds of sterling silver. It was just a bit easier to convert without special exchange accounts ;)