Substitute currency

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The term substitute currency usually refers to money or goods with the character of money that are generally accepted as a means of payment in an economic area . It competes with the state-prescribed currency when it is no longer trusted. The substitute currencies are freely convertible currencies from other countries or goods such as cigarettes , cowries or similar.

In another meaning, the term substitute currency stands for an emergency currency that is issued by the state in the event of a crisis.

See also

References

  1. a b Replacement currency in case of war: secret bunker will be opened , n-tv, October 6, 2010
  2. Die Mark, which never came into circulation , Spiegel.de, accessed on April 12, 2016.