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QUERY: WHICH COUNTRIES HAVEN'T DEMONETIZED THEIR OLD MONEY?A friend of mine asked: Aside from the USA, have any other countries not de-monetized their modern coinage & currency? " Mind you, I'm aware that Trade Dollars were declared non-legal tender at one point, but other than that, any coin or banknote issued by the United States is still redeemable at face value (even if that would be dumb based on a collector value above face).
So how would E-Sylum readers answer (or re-phrase) the question? Most countries have gone through revaluations where older money became worthless (typically, if not traded in by a certain deadline). But not the U.S. A worn, tattered, dirty, beat-up fractional note from the Civil War can still be deposited in a bank account at face value (once the teller is made aware of the law, hopefully by their manager). Can that be done with any other country's obsolete money?
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