Earlier this month a regional court in Moscow ruled that farmer Mikhail Shlyapnikov could not print or use his own currency. Shlyapnikov plans to appeal the ruling. The farmer introduced his own type of exchange unit, kolions, to insulate his village from economic turmoil. The currency name comes from his village, Kolionovo, and was pegged to the potato, with one kolion equaling 10 kilograms of potatoes which could be exchanged for labor or other food. Shlyapnikov, who was formerly a Moscow business man, left the business world for farming 10 years ago. He doesn’t call kolions money. Instead, loan receipts. Shlyapnikov’s […]
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