Money in Liberland | Liberland Press

Money provides such an advantage over barter that it is indispensable for a functioning economy today. Modern civilization has long accustomed itself to a government or pseudo-government entity creating and maintaining the money supply. Indeed, these fiat currencies have dominated the economy across the globe throughout living memory. Recently, cryptocurrencies have been on the rise, but they are far from replacing dollars, pounds, and yuan. The nascent Free Republic of Liberland is taking steps to encourage more widespread acceptance of cryptocurrencies, such as planning its own ICO and accepting a variety of currencies for its services. However, the future state-issued Liberland cryptocurrency (LLM: Liberland Merits) will be just one of any number of currencies in circulation within Liberland: some will be accepted by the Public Administration, and some may not, but all will be legal to use in private exchanges. In fact, Liberland Merits may have more to do with civil obligations and privileges than with ordinary free market exchanges. With LLM focused on government interactions, how will money be provided for the rest of the Liberland economy?