Only seven countries hold true monetary sovereignty today.

Evidence

According to Katharina Pistor, only the United States, Britain, Japan, China, Canada, Australia and Switzerland can today be considered truly monetary sovereign countries, in the sense that they have a currency with a flexible exchange rate and generally borrow only in their own currency. — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 364

Categorization

• XREF: connects to: No state with over 100 million people lacks its own national currency; Legal monetary sovereignty rarely yields true economic currency sovereignty; A sovereign-currency state can never become insolvent in its own currency (+1 more)

Related

• No state with over 100 million people lacks its own national currency (similarity 0.89)
• Legal monetary sovereignty rarely yields true economic currency sovereignty (similarity 0.88)
• Legal currency ownership does not confer economic monetary sovereignty. (similarity 0.82)
• Currency issuance is inseparable from national sovereignty (similarity 0.81)
• A sovereign currency makes a state incapable of defaulting on its own obligations (similarity 0.81)
• A sovereign currency makes state insolvency in that currency impossible. (similarity 0.80)
• Only the modern nation-state can transform private debt into standard payment (similarity 0.80)
• Monetary sovereignty is a precondition for capital accumulation and full employment (similarity 0.79)
• Every state over 100 million people has its own national currency (similarity 0.78)

Broader Connections

• A sovereign-currency state can never become insolvent in its own currency #expands (0.60)
• No single group holds ultimate sovereign control in modern states #contradicts (0.40) — Ronald M. Dworkin, The Model of Rules, 39