Jersey’s printing money

Jersey is issuing £20 million of new notes.

I could make a cheap jibe that this is one way for it to solve its economic woes.

But I know that in practice it can only do so with reserve backing for gthe notes issued.

But it was tempting....

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

And if you would like to support this blog you can, here:

Mel Mignot says:

May 9 2010 at 12:06 am

Just a simple question. I would like to know the cost of these new notes to the tax payer, with the commissioning of art work and setting the production into place doesn’t cost peanuts. Has anyone any answers? In a time when we are told to pull our belts in, government still insists on spending money.