by Summary:
On his blog, JP Koning discusses the case of Somalia which has managed without central bank issued money for decades. Old, legitimate notes and newer, counterfeit notes trade at the same price which equals the cost of producing counterfeits. See also this previous post.
Topics:
Dirk Niepelt considers the following as important: Banknote, Cash, Money, Notes, Somalia
This could be interesting, too:
On his blog, JP Koning discusses the case of Somalia which has managed without central bank issued money for decades. Old, legitimate notes and newer, counterfeit notes trade at the same price which equals the cost of producing counterfeits. See also this previous post.
Topics:
Dirk Niepelt considers the following as important: Banknote, Cash, Money, Notes, Somalia
This could be interesting, too:
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On his blog, JP Koning discusses the case of Somalia which has managed without central bank issued money for decades.
Old, legitimate notes and newer, counterfeit notes trade at the same price which equals the cost of producing counterfeits.
See also this previous post.