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Subject:
Issuing Your Own Currency
Category: Business and Money Asked by: simul-ga List Price: $10.00 |
Posted:
24 Sep 2003 13:43 PDT
Expires: 24 Oct 2003 13:43 PDT Question ID: 259855 |
Is it legal to issue your own currency? Are there certain guidelines you must follow? Has anyone else done it? | |
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There is no answer at this time. |
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Subject:
Re: Issuing Your Own Currency
From: hipersons-ga on 29 Sep 2003 07:42 PDT |
If you are talking about the United States, the constitution clearly states the only legal curency is made by the federal government. Section. 8. Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; Clause 5: To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; |
Subject:
Re: Issuing Your Own Currency
From: simul-ga on 29 Sep 2003 09:01 PDT |
In the U.S. ... and I know that Congress has the power to coin money. The question is ... do I have that power as well? |
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