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Tag: MPesa

How Societies Default to Decentralized Currency During Crises

Category: Commentary, News

How Societies Default to Decentralized Currency During Crises

One of the primary problems with the use of a fiat currency issued by a central bank is that it leaves the common users, residents of the issuing country, vulnerable to the decisions made by the policy-makers. In the case of many developing countries, this leaves citizens economically helpless when the national bank chooses to  devalues the monetary system. Traditionally,…

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