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Well, imagine some newly created state (South Sudan etc). They can, too, issue notes that initially will be worthless. What do they need to do so their notes w
by atemerev 4y ago
Well, imagine some newly created state (South Sudan etc). They can, too, issue notes that initially will be worthless.
What do they need to do so their notes will: a) have value for their own population, b) be freely converted to other world’s currencies at some price?