Post
Topic
Board Economics
Re: Are fiat currencies necessary in the world?
by
Commotheon
on 26/10/2018, 07:58:04 UTC
Currencies of individual states will exist until the need for them disappears. And this will be decided in all cases by the representative bodies of these states. The need for national money may disappear when uniting the economic and financial systems of different countries as it was done in the European Union. In all other cases, the currency of individual states will exist as long as the state exists.
Fiat is to much necessary for country's economy but people aren't understanding it they're keep using bitcoin and cryptocurrencies.