[GNC] dollar signs in reports

Michael or Penny Novack stepbystepfarm at comcast.net
Fri Sep 20 18:15:13 EDT 2024


On 9/20/2024 12:26 PM, Murugan Mariappan wrote:
> If you want to register and track non standard ISO currency , create 
> it as a security and register and track.

I was assuming that what was wanted was full accounting in this other 
unit of exchange. The fact that "rules" might make it not exchangeable 
with any ISO currency does not make it "non-currency" to the 
people/group who are using it in some sort of exchange. Keep in mind 
that we tend to think of our real money as being universally 
exchangeable but our society ALSO has rules << think of things you are 
NOT allowed to buy/sell for money -- easier that way, because by our 
rules most things can be >>

Let's say the folks of Yap, having cell phones and computers these days, 
wanted to have an accounting system for rai (those big stones often 
called "Yap money". Instead of depending on memory, who owns what part 
of which rai. These shares of a rai are used only for some specialized 
transaction (important social transactions, such as marriage, 
inheritance <https://en.wikipedia.org/wiki/Inheritance>, political 
deals, sign of an alliance, ransom 
<https://en.wikipedia.org/wiki/Ransom> of the battle dead, etc,). In Yap 
society you CAN'T use ordinary money for those social transactions, nor 
can you buy a share of a rai for ordinary money.

Michael D Novack




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