Sign up for the monthly zoom events by sending a PM with your email address to Hitesh
Started by <k>, December 19, 2014, 11:31:24 AM
0 Members and 1 Guest are viewing this topic.
Quote from: chrisild on December 19, 2014, 12:41:16 PMNot sure, but maybe the term also had something to do with the metals used? Let us assume that some law says "all lire denominations must be silver" but the government wants to issue a nickel or Cu-Ni piece instead. What to do? You say, nah, this is not an actual coin, but "good for" a coin ...
Quote from: Figleaf on December 19, 2014, 03:11:40 PMDon't know about Italy and Romania, but the French and Belgian case is quite clear. After the first world war, these governments went into deep denial. They demanded that Germany pay war reparations ("Les boches payeront") Once that was done, the clock could be set back to 1913, the old coins would be issued again at their old rate and buy the same quantity of goods as in 1913. I am not joking. That was official policy.Tokens and chaos appeared, stamps, tramway tickets, even the promise of a beer from a local barkeeper served as money. The local chambers of commerce often stepped in with perfectly good emergency coins, begging the perfectly logical question why the government couldn't provide the same. The Belgians fell for that argument, but the French got the national chamber of commerce to stand in for them. Both maintained that the bon pour coins were just emergency tokens that - wait for it - would be exchanged for pre-war type coins as soon as the Germans had paid up. So there's the answer to your question what they were good for.Peter
Quote from: Figleaf on December 19, 2014, 03:11:40 PMDon't know about Italy and Romania, but the French and Belgian case is quite clear