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Who is responsible for determining what may be issued as a legal currency?
Wiki User
∙ 12y ago
NOTHING
Wiki User
∙ 12y ago
In most countries, the responsibility for determining what may be issued as legal currency lies with the central bank or monetary authority. They are typically empowered by government legislation to issue and regulate the country's official currency. In some cases, the government may have a role in setting or approving the currency's issuance, but the central bank is usually the primary authority in this matter.
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Who is responsible for determining what may be issued as legal currency?
NOTHING
Who is responsible for determining what maybe issued as legal Currency?
Treasure
Why currency notes are issued?
All currency issued by a government or their issuing authority such as a mint or central bank is legal tender, meaning that it can be spent by consumers and accepted by businesses as a legal exchange of goods or services for money that the government can guarantee. Currency ceases to be legal tender when it has been demonetised.
Is a banknote issued by The Central Bank of China in 1949 still legal tender?
Depends if the currency it was drawn in is still legal tender. If the currency no longer exists then you won't be able to cash it.
Value of a Ten Dollar bill issued by the State of New York dated August 13 1776?
$1050 legal currency
What does the word MONIES mean?
The most common medium of exchange; functions as legal tender.The official currency issued by a government or national bank.
MAy a state create its own currency?
No - the US constitution reserves the creation of currency to the federal government. However, states have issued tokens in thousands of a dollar for sales tax purposes, but these are not legal tender.
Are all us dollars legal tender?
All currency issued by the US Treasury are legal tender, that is they can be used to pay for products and services, within those areas that are a part of the United States.
What is the history behind the US one dollar bill?
The American Dollar bill has the oldest design in all of the U.S. Currency. The first dollar bill was issued as legal tender in 1862. The motto In God We Trust was required on all currency in 1955.
Are 1993 Russian Ruble banknotes legal tender?
No, the Russian currency was revalued in 1998 and new bank notes and coins were issued. Many of the new notes and coins were dated 1997.
Is there a state where it is legal to run away?
No, there is not a state were it is legal to run away. Parents are responsible for their children until they reach the age of majority. This is 18 in most states and countries around the world. The responsibility includes determining where the child should live. It is legal to runaway in the state of Florida.
What is the currency and currency the symbol of cuba?
The major legal currency is the Cuban Convertible Peso.The symbol for it CUP.
