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Comment Re:What impresses & baffles me (Score 1) 390

And the Kronar is backed by the full faith of the Icelandic government. And it's utterly worthless. There are plenty more currencies backed by their governments around the world that are similarly worthless and abandoned by its citizens whenever possible. And some of those countries have a military too, before you ask. The Euro is doing quite well against the dollar, and there is no military behind it. The collective trust in a currency is far more important than the government that is backing it.

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