Re:Setelinleikkaus: When Finns snipped their cash in half to...
by jmyeet on Tuesday November 26, 2024 @12:47PM
(#42247939)
So it's not quite the same thing but the US government has historically performed a sovereign devaluation of its currency.
I am of course talking about FDR (Executive Order 6102). This made it illegal to own gold. You had to hand it in and get paid at ~$20/oz. After doing this, the US dollar (nominally on the gold standard at the time) was revised to ~$35/oz.
I am of course talking about FDR (Executive Order 6102). This made it illegal to own gold. You had to hand it in and get paid at ~$20/oz. After doing this, the US dollar (nominally on the gold standard at the time) was revised to ~$35/oz.