Displayed by Argentina’s inflation, when a local currency plunges in value, the demand for U.S. hundred dollar bills skyrockets.
Trying to encourage bitcoin use, El Salvador had all the right incentives but still wound up with unintended consequences.
With a renewed need to launder tattered U.S.dollar bills, we have the return of Zimbabwe inflation and their problematic monetary policy.
By adopting Bitcoin as legal tender, El Salvador will be the first nation to say that the cryptocurrency is a national currency.
Asked about the meaning of money, we might be surprised to see a circular chunk of limestone compared to a U.S. dollar bill.
While cities, states, and countries have many more cashless transactions because of the pandemic, there is a downside.
Worried about contaminated currency, monetary officials have quarantined cash and limited its circulation during epidemics.
Economic anthropologists focus on the human side of money when they see us now and in the past, as individuals, as families, and as one world.
Looking at the economic impact of India’s 2016 demonetization of large denomination rupees, researchers concluded that cash still matters.