Private Currency

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High Quality Content by WIKIPEDIA articles! A private currency is a currency issued by a private organization. It is often contrasted with fiat currency issued by governments. In many countries, the issue of private paper currencies is severely restricted by law. Today, there are over four-thousand privately issued currencies in more than 35 countries. These include private gold and silver exchanges, local paper money, computerized systems of credits and debits, and electronic currencies in circulation, such as digital gold currency. The great advantage of private currencies over national fiat currencies is that they are not created as debt to private banks. This means they do not get drained away from the community to remote banks through the charging of interest. Experience demonstrates that private currencies actually strengthen the economy; local currencies remain in town, stimulating home town productivity.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130494797
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • EAN 9786130494797
    • Format Fachbuch
    • Titel Private Currency
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 96
    • Genre Wirtschaft

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