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[-] PersnickityPenguin@lemm.ee 11 points 1 year ago

What countries AREN'T on fiat currency.

[-] rockSlayer@lemmy.world 10 points 1 year ago

Every country I know about has a fiat currency, but the monetary sovereignty bit is also important. Governments within the EU don't have monetary sovereignty, and therefore are limited by taxation. The EU as a whole could do the same thing, because they are the body that controls the Euro.

[-] Karyoplasma@discuss.tchncs.de 2 points 1 year ago

If you talk about currencies that are backed in gold, then none. The last country to abolish the Gold standard was Switzerland at some point in the 1990s.

this post was submitted on 04 Nov 2023
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