Abstract
Each citizen belongs to several communities embedded in each other like Russian dolls. We argue that each community should have its own currency. And citizens will carry several currencies in their wallet. It will prevent absurd situations like today Greece borrowing money from Germany for its domestic activities. And it will lead to a much easier equilibrium of balances of payments at every level of geographic split of regions. The idea was intractable when the money used for everyday expenditures was metal and paper based, but it is no longer the case with the advent of no contact payment systems with mobile telephones and very large databases systems like Google adsense.
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