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Results tagged with currency
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user 37029
For questions that have to do with means of commercial exchange other than barter.
3
votes
Creating currency from a pegged currency
At first it was pegged to sterling, and remained so pegged until the 1970s when Ireland switched to the European currency. … A more extreme example is Ecuador which completely dumped its currency and simply uses US dollars. …
- 41.2k
120
votes
Accepted
Can coins be made out of concrete or cement?
The point being: if you want to make currency out of concrete or cement, it is indeed technically possible. CaM's answer is thus half wrong, because of Renan's answer. … I'm assuming you want something something a little more portable than Yap Island Rai currency!
If concrete is what you're after, then I'd recommend your coins be made from polymer concrete. …
- 41.2k
11
votes
What Are the Pitfalls of Using Diamonds as Currency?
Benefit vs Cost
Any form of currency can be destroyed, stolen, lost, counterfeited, etc. Diamonds are no exception. … A question that needs to be considered: if you are so worried about alchemists messing with a gold (or silver, or iron) currency to the point that the only viable currency in the entire world is diamond …
- 41.2k
26
votes
A world where some currency loses value when handled would have a deflationary economy. What...
Governments do, in fact, produce automatically devaluing currency all the time! The UK doesn't, nor does the US. … An example of a government that does issue magically disappearing currency is North Korea where they occasionally surprise people with a revaluation and a whole new currency, making the old money useless …
- 41.2k