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Re: Destroying National Currencies (fwd)



If the people of East Timor had declared themselves to be legal tender,
would the IMF have come to their rescue?  Or maybe they should have
declared their island to be a bank instead of a sovereign nation.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx


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