Assertion: negative interest rate | /r/HasProperty | levied on existing paper currency
Facets:
value: via a serial number lottery
type: MANNER
value: in principle
type: MANNER
Source sentences:
text: It has been proposed that a negative interest rate can in principle be levied on existing paper currency via a serial number lottery, such as randomly choosing a number 0 through 9 and declaring that notes whose serial number end in that digit are worthless, yielding an average 10% loss of paper cash holdings to hoarders; a drawn two-digit number could match the last two digits on the note for a 1% loss.