Turkey was in a bad situation 20-30 years ago
The Turkish lira had slid in value so far that one original gold lira coin could be sold for 154,400,000 Turkish lira before the 2005 revaluation.
Turkey was in a bad situation 20-30 years ago
The Turkish lira had slid in value so far that one original gold lira coin could be sold for 154,400,000 Turkish lira before the 2005 revaluation.
We know why inflation happens. Sustained inflation began in the modern era as a monetary policy choice, because periodic/cyclic deflation results in way too much misery with no good way to alleviate it, and 0% price change is not a stable state/target. Also, as long as the rate of inflation is relatively predictable, it doesn’t really matter how high it is. If anything, the Great Recession taught economists that our current 2% inflation target in the US is too low and/or that trying to target specific inflation rates is just the wrong model to be using.
The Sacagawea dollar is about the same size as all the other dollars, which is about the same size as a quarter.
Making it heavier, yellow, and giving it a smooth edge is insufficient. A dollar coin needs to be more different from a quarter than that.
Now that vending machine slots aren’t going to drive the design, they could go a different direction. The British pound coin is a good example.
Ah, I have a stack of 100s I got off Wish.com that look like this. Interesting to know what the intended use is!
The vending machine slots were driven by the size of the Carter QuarterSusan B. Anthony dollar; the Sacagawea, Native American, Presidential and American Innovation dollars all had to be the same size, weight, and magnetic properties. (The last is what led to the gilding that turns muddy brown seemingly overnight - these are ugly coins when patinated.) There is actually a tremendous number of vending machines in service tooled to accept these coins, despite the fact that they seldom circulate. Is compatibility with them no longer a constraint to the design?
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