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Question
Will local currency (Ithaca Hours, etc.) replace national
currencies such as the dollar, yen, euro, etc.? Is there a trend toward local currencies and are they going to become dominant over the national ones? And will places with local currencies stop accepting the dollar, yen, etc.? |
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#2
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"Joey Jolley" wrote in news:1107198731.948548.212910
@f14g2000cwb.googlegroups.com: Will local currency (Ithaca Hours, etc.) replace national currencies such as the dollar, yen, euro, etc.? Is there a trend toward local currencies and are they going to become dominant over the national ones? And will places with local currencies stop accepting the dollar, yen, etc.? Can't imagine local currencies will ever replace national currencies for a number of reasons. The 2 biggest being....#1) local currency is worthless outside the local area so you can forget about using it in interstate trade or when travelling to another area. #2) No bank will touch it because of reason #1. Local currencies are a throwback to the 19th century. They didn't work then and they'd be even worse now with our increasingly mobile society. |
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