3 ms·

I'm a bit skeptical that this article tells the complete story. Who is printing these counterfeits? What are their incentives? Why not just keep printing mor

I'm a bit skeptical that this article tells the complete story. Who is printing these counterfeits? What are their incentives? Why not just keep printing more and inflate the currency into oblivion?

resolutebat 3y ago
Because you can only counterfeit the old notes, which have already been inflated to the oblivion: the largest note (1000 shillings) is $0.04. Because the cost of producing a remotely passable counterfeit is also approximately $0.04, the currency is now stable-ish. If you produce a shiny new 10,000 note, nobody will recognize or accept it.