COINS COULD BE FIAT OR SPECIE
Aug 02, 2021
2 minutes
Base metal coins that circulate in countries all over the world are generally accepted to be fiat money. They have perhaps a nominal intrinsic value, but they carry face values far exceeding their value if the coins were to be scrapped.
The Central Bank of Bosnia and Herzegovina drew attention to its unusual monetary arrangement when it announced its recently released 2021-dated coins, pointing out that
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