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by koala_man
2313 days ago
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As a historical fun fact, Sweden was also the first country in Europe to adopt paper money. They needed more currency but didn't have access to the Americas and its precious metals to mint coins. Currently, 1 US Dollar is worth around 10 Swedish Kroner. Both currencies ultimately started out equally at 1oz silver, but since Sweden could easily just print more, they couldn't contain themselves and caused a 4x inflation in the 1700s (the other ~2.5x is since WW2). |
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