issue currencies

Today, there are over four-thousand privately issued currencies in more than 35 countries.

The situation was exacerbated by the multitude of commercial, provincial and foreign banks issuing currencies all at different values.

Although they represented a potential violation of federal law against privately issued currencies, these certificates, as a contemporary observer noted, "performed so valuable a service.

Some states have chosen to use a loophole in the Federal Reserve act that gives individual states the right to issue currencies of gold or silver coins or rounds.

Serbian enclaves in Croatia and Bosnia and Herzegovina also issued currencies in dinar, equivalent to and revalued together with the Yugoslav dinar.

They have repeatedly challenged and sometimes even defied his efforts to get them to reduce spending and stop issuing currencies of their own, which they must do for Argentina to reach any agreement with the International Monetary Fund and other lenders.