Sovereign currencies have value because issuing governments only accept tax payment with those currencies, and tax payment is required under penalty of prison. I’m not sure I would call that agreement or blind trust.
It's the governments way of ensuring that currency has value.
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Sovereign currencies have value because issuing governments only accept tax payment with those currencies, and tax payment is required under penalty of prison. I’m not sure I would call that agreement or blind trust.
It's the governments way of ensuring that currency has value.