US currency ($) has been an intriguing area of multinational transactions with different regions and countries treating the more or less fictional money supply differently.
In what could be a landmark decision, South Korea today boldly declared that US currency is the equivalent of real-world money.
The ruling allowing US money sets a new course for Korea. US dollars there, like many other places, have long been the sole province of board games like Monopoly. The decision was based on the acquittal of a family who fell on hard times and tried using their game USDs at a local store.
Other countries have tried similar US-dollar for real-cash swapping experiments with problematic results in part due to dollar holders scoffing at the idea of paying taxes on such a transaction.
But don’t write off the possibility of this concept expanding. Dramatic growth in the nonexistent US money supply has trickled down into games worldwide and more and more people are finding themselves in situations where they could use a bit of extra real money. Sooner or later, world citizens may want to do something meaningful with their US dollars. If and when that happens, things could get really interesting.
