I have been given an assignment for creating my own currency in economics. I am curious what one should know when doing this. It doesn't have to be too elaborate but I would like some advice. I know the complicated procedures regarding making sure counterfeiting is hard. But how the currency should be backed, and what it should look like and its form. Etc...
I know this assignment is very unrealistic because it would require me to somehow put a value on the currency and have it be adopted by a government, however unlikely. Just keep it basic.