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For the third time in five years, Greece is looking into the abyss. It has debts of around €315 billion ($340 billion)—175% of GDP—and must make payments of €2.5 billion before the end of June. To find that money it could start making some of its regular payments in paper IOUs or “scrip”, in lieu of cash. Scrip has a rich history, but how long would the system last? http://econ.st/1HSFjNL20
Scrip (sometimes called chit) is a term for any substitute for legal tender and is often a form of credit. Scrips were created as company payment of employees under the truck system and also as a means of local commerce in times where regular currency is unavailable, such as remote coal towns, military bases, ships on long voyages, oroccupied countries in war time. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards.
Scrips have gained historical importance and become a subject of study in numismaticsand exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics.
Contents
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- 1 受領証(receipt)；証明書；表；（簡単な）書類；紙切れ.
- 2 《金融》スクリップ；[U]仮証券（類）.
- 3 （以前米国で発行されていた）1ドル未満の紙幣；((集合的))1ドル未満のお金.
- 4 臨時紙幣；（占領軍の）軍票.
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