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<p>[QUOTE="kaparthy, post: 13089, member: 57463"]Some world currencies are "inconvertible." Officially, the issuing government does not allow them to be exchanged for anything else. I think the North Korean Won is like that. It is still money within North Korea, of course -- and probably a black market exists for exchanging it. </p><p><br /></p><p>Actually, in the USA we tend to use American money -- so do many other people in other places. You do not need to convert American money to spend it in Bulgaria or Greece or Mexico. Here in Michigan (as in Ohio, New York and other places near Canada) Canadian coins circulate on par with US coins as a minor inconvenience.</p><p><br /></p><p>It is true that by its nature money can be "readily converted" into other forms of money. I see that as a consequence of its being money in the first place. That you can buy other money with it is just an example of the fact that you can buy "anything" with it.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 13089, member: 57463"]Some world currencies are "inconvertible." Officially, the issuing government does not allow them to be exchanged for anything else. I think the North Korean Won is like that. It is still money within North Korea, of course -- and probably a black market exists for exchanging it. Actually, in the USA we tend to use American money -- so do many other people in other places. You do not need to convert American money to spend it in Bulgaria or Greece or Mexico. Here in Michigan (as in Ohio, New York and other places near Canada) Canadian coins circulate on par with US coins as a minor inconvenience. It is true that by its nature money can be "readily converted" into other forms of money. I see that as a consequence of its being money in the first place. That you can buy other money with it is just an example of the fact that you can buy "anything" with it.[/QUOTE]
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