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by marcus_holmes
1867 days ago
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I lived in Cambodia, which has this situation: the government currency is the Riel, roughly 4000R per 1USD, but everyone uses USD for anything over 1USD. Essentially, Riel notes are used as coins - if something is $4.50, you pay $5USD and get back 2000R in notes as change. > But how does a government have credibility and get taken seriously domestically if the currency they control is increasingly irrelevant day to day? The monopoly use of force is still a thing that demands respect. |
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