Gold bugs will tell you that paper money requires legal tender - TopicsExpress

Gold bugs will tell you that paper money requires legal tender laws or governments to force people to transact in it. In Somalia when the government collapsed and a temporary period of Anarchy ensued but people continued to use the Somali Shilling and it was issued by private issuers rather than the Central Bank. When a Government was brought to Somaliland all that was changed is that government was given the authority to govern its issuance and no legal tender laws have been enacted. People willingly and voluntarily use the Somali Shilling. en.wikipedia.org/wiki/Somali_shilling#Modern_history

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