FACTBOX – HOW ITALY’S MINI-BOT “PARALLEL CURRENCY” WOULD WORK

On 26th May, Reuters reported that one of the most radical proposals in the programme of Italy’s new anti-establishment coalition is to issue securities to pay individuals and companies who are owed money by the state as payment for services or as tax rebates.  The article provides some questions and answers about the so-called “mini-BOT” – the name coined for Italy’s short-term Treasury bills.

https://uk.reuters.com/article/uk-italy-politics-minibots/factbox-how-italys-mini-bot-parallel-currency-would-work-idUKKCN1IQ2CL?rpc=401&

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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