There is no currency that survived beyond a century.
Let the encyclopedia of currency be our judge.
The life span of a currency is around 80 years old.
Why is this so?
This is because currency is printed and controlled by central government.
When the central government is weak or corrupted they will use the printing press to print our currency into oblivion as the printing process is not based on valuation of gold or other tender asset but is based on legal tender of the central government that print it.
That is why currency now is only legal tender in a certain country and not worldwide accepted.
If a certain country economy weaken, they will resort to devaluation or quantitative easing to boost their economy, killing their currency in the process.
Moral of the story is Death of Currency due to government meddling.
Be Bless,
Dr. Lion
Let the encyclopedia of currency be our judge.
The life span of a currency is around 80 years old.
Why is this so?
This is because currency is printed and controlled by central government.
When the central government is weak or corrupted they will use the printing press to print our currency into oblivion as the printing process is not based on valuation of gold or other tender asset but is based on legal tender of the central government that print it.
That is why currency now is only legal tender in a certain country and not worldwide accepted.
If a certain country economy weaken, they will resort to devaluation or quantitative easing to boost their economy, killing their currency in the process.
Moral of the story is Death of Currency due to government meddling.
Be Bless,
Dr. Lion
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