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Well, the main purpose of a central bank is to issue currency, so an economy without a central bank would need to use something else as currency (either a forei
by Mikeb85 12y ago
Well, the main purpose of a central bank is to issue currency, so an economy without a central bank would need to use something else as currency (either a foreign currency, or some sort of commodity like gold or grain).
- antientropic 12y agoThe US had its own currency long before it had a central bank.