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parallel money

Ottoman paper money as an Italian mini-VOT. A historical parallel.

Author: Hristiyan Atanasov About a month ago, The Wall Street Journal published an article explaining the intentions of the Eurosceptic parts of the Italian political sector to issue mini-bonds (mini-BOT from Buoni Ordinari del Tesoro – i.e. lit. “small ordinary treasury bonds”) with a face value of €50[1], according to other sources €100. The idea of …

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