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Indemnification the most suffered.
There was among simple people almost a curse because of following to a principle "a crone
There is a crone ". Economist I.Shumpeter during the short stay on
To post of the Minister of Finance has named the government decree, only short
Stating the law operating at that time and saying that the debts taken in
Crones when the crone had higher value, can be paid in
The depreciated crones which had, finally, only 1/15000 initial
Taxes and contracts
The government, of course, should have the right to define, in what monetary
Units taxes should be paid, and conclude contracts in any units on
To the choice (thus, it can support currency which lets out
Or wishes to strengthen). But it is difficult to find an explanation to why it should
To reject others it units as a basis at definition of taxes. In
Not contractual payments, such, as compensation of a damage or indemnification in a case
Tort, currency in which it is necessary to pay
Indemnification, the court should define, probably developing thus the new
Rules. However here there is no necessity for any special
The real difficulty arising at replacement by the monetary let out by the government
Units another, takes place in a case when the government ceases
To exist as a result of a gain, revolution or country disintegration. New
The government usually establishes a special legal regime for the private
The contracts expressed in terms of disappeared currency. If the private issue
The bank stops operations and begins incapable to redeem emitted by it
Obligations, most likely its "currency" loses values and its holders not
Can make the demand about the compensation, provided with the legal sanction.
Courts, however, can decide that in a similar case the obligations expressed in
To the given monetary unit, under contracts between the third parties concluded still
During this period, when there were bases to hope for its stability, should be
Are executed in any other currency, which use to the greatest degree
Corresponds to prospective intentions of participants of the contract.
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