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12 June, 19:41

Why must old currency be taken out of circulation When new currency is made?

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  1. 12 June, 21:56
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    If there are too many units of any currency in circulation, this will cause an over-abundance of currency which will lead to inflation where value is lost. Retaining old currency will lead to confusion, so it's important that when a new currency is introduced a deadline is imposed on when an old currency must be used or exchanged by.
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