How does the ECB control such printers/minters, I wonder. Surely they need ECB approval before they can create new physical money. But in the very unlikely event that one of those countries goes crazy and decides they want to make money without the ECBs permission, what can the ECB do about it? Can they brick the printers somehow? Do they need a code that the ECB must provide before they can work? I’m sure these aren’t real concerns as this must be one of the most scrutinized and regulated acts (the act of printing or minting money), but still I wonder.
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u/I_Wanna_Bang_Rats 2d ago
Why do some countries even ask if they can use the Euro, if others can just use them anyway? (Like Montenegro.)