[66867] in Cypherpunks
Re: the theory of split currency
daemon@ATHENA.MIT.EDU (Perry E. Metzger)
Mon Sep 30 11:46:58 1996
To: Robert Hettinga <rah@shipwright.com>
Cc: cypherpunks@toad.com
In-Reply-To: Your message of "Mon, 30 Sep 1996 10:25:07 EDT."
<v0300780fae75885ba0ff@[206.119.69.46]>
Reply-To: perry@piermont.com
Date: Mon, 30 Sep 1996 11:23:30 -0400
From: "Perry E. Metzger" <perry@piermont.com>
> Is there a name for a dual or split currency, in which
> there is one currency for domestic use and another, different
> appearing, currency for foreign usage?
I don't know of such a name, however...
> Does anyone know of any country which has had such a
> split currency?
...this has been a common situation, in fact. South Africa, China, the
Soviet Union, and other unpleasant places have repeatedly done
this. Its usually a remarkably stupid idea.
Perry
