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<p>[QUOTE=&quot;scottishmoney, post: 2776478, member: 12789&quot;]I&#039;ve had the idea that the clans issuing their own coinage and hanhatsu did so without much government oversight - with hanhatsu there were reportedly some instances of issuers going insolvent - vis a vis the wildcat banking schemes in the USA.&nbsp; When the coinage and whole monetary system converted to the yen ca. 1871 oversight was much more prevalent - eliminating private coinages and strictly enforcing privately issued banknotes in a system greatly resembling the National Banking Act of 1864 in America.&nbsp; In fact those privately issued notes even closely resemble National banknotes because they were printed by Continental Banknote in the USA.[/QUOTE]</p><p><br /></p>

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