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I guess conversely, if you had a bond dominated in say Francs and the currency goes away do you just default?
by lesuorac 2y ago
I guess conversely, if you had a bond dominated in say Francs and the currency goes away do you just default?
- crote 2y agoCurrencies rarely "go away". They are usually replaced by new ones, and the government will buy the old currency and pay you in new currency. Imagine the mayhem if a government decided that all money everyone owned would suddenly be completely worthless!
- evanb 2y agoIn 2016 India demonetized some bank notes (true, not the whole currency) https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis...