Factbox - How Italy's mini-BOT "parallel currency" would work


  • World
  • Friday, 25 May 2018

ROMA (Reuters) - One of the most radical proposals in the programme of Italy's anti-establishment coalition is to issue securities to pay off individuals and companies who are owed money by the state as payment for services or as tax rebates.

Following are some questions and answers about the so-called "mini-BOTs", named after Italy's short-term Treasury bills.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Learn programming in space in free app ‘Rabbids Coding!’ (PC/mobile)
Bluetooth for two: How to play music on two sets of headphones
Role-play with your friends as influencers dying to go viral
Ukraine ground force commander expects Russian push ahead of arms supplies
Russian attack forces frustrated, hungry residents from Ukraine border town
Chinese EV maker Zeekr surges 34 pct in Wall Street debut
Mexico heat wave melts temperature records in ten cities, including Mexico City
Death toll of bus crash in Russia's St. Petersburg rises to 7
Clean hydrogen investment exceeds 73 bln USD in Canada
U.S. stocks close mixed amid low consumer sentiment

Others Also Read