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A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralized common enterprise. It is often contrasted with fiat currency issued by governments or central banks .
A year or two back one of the fast food giants ran a commercial which featured a bunch of 20-somethings breaking down all of their major purchases into double cheeseburgers or chicken nuggets.
Bridgetown Bucks from PDX Currency Corp, Portland (Inactive) Cascadia Hour Exchange (1993) Portland [12] Columbia Community Exchange, Columbia County; Gorge Local Currency Cooperative, Hood River; Jefferson Rounds, Coos, Curry, Douglas, Klamath, Lake, Jackson, and Josephine counties; HOUR Exchange, [13] Corvallis; PDX Timebank, [14] Portland
James Stephen George Boggs (January 16, 1955 – January 22, 2017) was an American artist, best known for his hand-drawn depictions of banknotes.Due to his pre-Bitcoin philosophical questions about the value of fiat currency, [2] his early interest in creating his own currency, [3] and his contributions to an "encrypted online currency" as early as 2000, [4] Boggs was described by Artnet as ...
My introduction to funny money probably came with my first vistt to Chuck E. Cheese. In addition to its extensive collection of arcade games, creepy animatronic figures, and ball cages filled with ...
This process increases bank equity, enabling banks to create commercial bank deposit liabilities (money) for their own use. In this way, banks create and manage their own capital levels. Because accounting conventions define the value of any given asset or liability, bank capital is a subjective measure which many argue is open to manipulation ...
The Big Mac is turning 50 soon, and McDonald's is going to celebrate the way everything is celebrated in 2018: by releasing their own currency — though it comes with a twist. While crypto is a ...
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation.It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation.