LTN. Legal Tender
... how can a state (STA) use Rule of Law (ROL) to help encourage the use of a new money. How can money (MNY) help implement deferred payments (DPY), means of exchange (MEX), and measure of value (MOV)?
People in an economy need to know that the object they are using as money is a reliable instrument and will be accepted as payment.
The state can declare an instrument to be legal tender, good for all debts public and private. This is not necessary for a money to function, but lends credibility and increases the utility of a money
Encourage the adoption of a new money as legal tender.