Every state over 100 million people has its own national currency
Evidence
Modern monetary theory (MMT) shows that a currency is intrinsically related to the way the government is able to shift productive resources from the non-government sector to the public sector in order to fulfil its socioeconomic mandate. In the context of colonial, and then neo-colonial, relations, currency arrangements also served to facilitate the transfer of wealth from colonies to the metropolis. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 20 (
#corroborates, via linked claim)
Categorization
- XREF: connects to: No state with over 100 million people lacks its own national currency; Currency arrangements can transfer wealth from colonies to metropolis — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 20
Related
- Currency arrangements can transfer wealth from colonies to metropolis (similarity 0.88)
- No state with over 100 million people lacks its own national currency (similarity 0.87)
- Currency arrangements can function as wealth-transfer mechanisms between societies. (similarity 0.83)
- Currency issuance is inseparable from national sovereignty (similarity 0.80)
- Legal currency ownership does not confer economic monetary sovereignty. (similarity 0.80)
- No significant post-colonial economic miracle happened inside a monetary union (similarity 0.80)
- A sovereign currency makes state insolvency in that currency impossible. (similarity 0.79)
- A sovereign currency makes a state incapable of defaulting on its own obligations (similarity 0.79)
- Only seven countries hold true monetary sovereignty today. (similarity 0.78)
Broader Connections
- No state with over 100 million people lacks its own national currency
#corroborates(1.00) - Currency arrangements can transfer wealth from colonies to metropolis
#corroborates(0.40) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 20