Printing money: How to create a currency

[dipsydoodle]

European officials may not like it, but the prospect of Greece leaving the euro is a serious possibility.

The picture will become clearer after a Greek election on 17 June.

If the winners are hostile to the austerity measures demanded by the European Union and IMF, then Greece might have to look for a new currency.

It would not be a simple case of resurrecting Greece's old currency, the drachma.

http://www.bbc.co.uk/news/business-18180232

Instructions follow..................

[cbrer]

1. Will this lead to more local creation

Of forms of barter transactional models?

Can any reader/contributor point me to a good summary of the laws/rules/policy of the creation of currency in the US?

Thanks!

[dipsydoodle]

2. Yes is the most probable answer

particularly if they go through a period of high inflation.

I'd think that whatever the US used as a model for currency was imported from Europe.

[Pab Sungenis]

3. Our currency was actually a novel creation.

Our unit dollar was designed to be roughly equivalent to the Spanish milled dollar, but the use of decimal divisions was unique at the time.

[dipsydoodle]

4. The dollar was chosen to become the monetary unit for the USA in 1785.

http://uk.advfn.com/currencies/usd/about/USDollar.html

whereas :

Russia converted to a decimal currency in 1704, with the ruble being equal to 100 kopecks, thus making Russian ruble the world's first decimal currency.[1]

http://en.wikipedia.org/wiki/Decimalisation