US EditionWars and Inflation Doomed Iraqi Coinage
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Wars and Inflation Doomed Iraqi Coinage
by Charles Morgan for CoinWeek… Throughout history, war and political instability have often severely disrupted nations’ monetary systems, sometimes causing irreparable damage. This was evident in the United States in the 1860s, when hard currency vanished from circulation, replaced by “Greenbacks”—an emergency paper currency that laid the foundation for the paper money we use today. In Europe, financial calamities and two World Wars profoundly …
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