One Russian farmer tried to start a currency backed by potatoes.
“Fed up with his struggling farm village’s capacity to stay afloat amid the economic crisis, [Mikhail] Shlyapnikov introduced kolions — exchange notes used by villagers instead of cash — last year,” according to the Moscow Times.
“Kolions” are backed by potatoes: one kolion equals roughly 22 lbs (10 kg) of potatoes, and reportedly could be “exchanged for labour or other food.”
On Wednesday, however, a Moscow regional court ruled that Shlyapnikov cannot print or use his own currency.
The farmer argued that “kolions” aren’t actually money — rather that they’re loan receipts. He also added that local authorities were simply jealous and wanted to get revenge on him.
He reportedly plans to appeal the ruling.
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