2 ms·
They can take the value out of it much more easily than printing more. They just need to instruct the central bank to not redeem a deposit for the note. If for
by hgomersall 3y ago
They can take the value out of it much more easily than printing more. They just need to instruct the central bank to not redeem a deposit for the note. If for some reason a commercial bank continued to accept central bank issued notes, the government can simply require the banks to stop accepting them as a requirement for their banking license.