Post
Topic
Board Bitcoin Discussion
Re: Why local currencies when there is bitcoin ?
by
knowngunman
on 18/07/2023, 08:11:41 UTC
I'm actually amazed that there is such a thing as this.

There was a local community here in my country that issued its own currency. It hit the headlines. It was a big deal. Everyone was surprised. Television programs conducted interviews with central bank officials clarifying its legitimacy and even legality.

Little did I know that this isn't actually something weird, at least not in France. But I think this is superfluous.

The headline got me confused just like the post itself. Reading through the comment for proper understanding got me more confused. I have never heard of France using multiple currency aside EUR currently. I think the Central Bank is saddle with the responsibility of producing and circulating of a certain country's currency, if that is the case then, how are these local currency being made and circulate? Is it allow in the bank of regions using it? What's the motive behind it's creation in the first place? A unified monetary system is being practice in all the countries, why are majority of us hearing this for the first time? Could it be trade by barter?