Lex monetae is a Latin phrase which means that a sovereign state chooses which currency it will use[1] and that the meaning of units of above-mentioned currency is determined by the law of the country whose money is in question.[2]
The concept has been identified as a potential problem if the Eurozone breaks up or a member state decides to leave it, since debts in euros may turn into debts owed in another currency.[3] Conversion would be at a rate determined by the nation in question, and no party to a contract or transaction will have the right to default on it.[4]
References
[edit]- ^ "Eurozone". Eurocoins. Retrieved May 20, 2012.
- ^ Garner, Bryan A. (2001). A Dictionary of Modern Legal Usage. Oxford University Press. p. 526. ISBN 9780195142365. Retrieved July 2, 2015.
Lex monetae.
- ^ "Multinationals sweep euros from accounts on daily basis". Telegraph. 20 May 2012. Retrieved May 20, 2012.
- ^ "Lex Monetae". Morgan Stanley. Archived from the original on October 23, 2017. Retrieved May 20, 2012.
Well, that’s interesting to know that Psilotum nudum are known as whisk ferns. Psilotum nudum is the commoner species of the two. While the P. flaccidum is a rare species and is found in the tropical islands. Both the species are usually epiphytic in habit and grow upon tree ferns. These species may also be terrestrial and grow in humus or in the crevices of the rocks.
View the detailed Guide of Psilotum nudum: Detailed Study Of Psilotum Nudum (Whisk Fern), Classification, Anatomy, Reproduction