On Mon, 30 Sep 1996, Perry E. Metzger wrote:
Is there a name for a dual or split currency, in which there is one currency for domestic use and another, different appearing, currency for foreign usage?
I don't know of such a name, however...
I have heard "Divided currency" "Distinct Currency" "Seperated Currency" all of which suggest to me that there is no real name.
Does anyone know of any country which has had such a split currency?
...this has been a common situation, in fact. South Africa, China, the Soviet Union, and other unpleasant places have repeatedly done this. Its usually a remarkably stupid idea.
Concur. I'm not even sure proponents of the idea have any idea what it is supposed to do or what it infact does. It tends to be a cure-all type measure for anything from money laundering prevention to capital preservation. In reality about all it does is make it harder to do business with and in said economies. It may be used, in the more draconian states, to seperate treatment of those engaged in foreign commerce from those not involved in international transactions (read rich and poor).
Perry
-- I hate lightning - finger for public key - Vote Monarchist unicorn@schloss.li