Juristic and legal basics of legitimacy of state guarantee in the loss compensation resulting from currency depreciation

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Abstract:
Sometimes, government by taking the political and economic procedures, causes currency depreciation and as a result inflation, and inflicts damages on different groups of community because of depreciation of financial properties and purchasing power. Guarantee of agents and persons responsible for currency depreciation and inflation is including subjects that jurists and lawyers hesitate and disagree with it. In this paper, it is proved that in case of realization of guarantee conditions, government is liable for damage resulting from its detrimental actions and decisions, and obliges to compensate it. Since corporate bodies, in other than those cases appropriated to human nature and essence, like real persons, included in any right and duty; thus basics and reasons about the guarantee of real persons generalize the government guarantee of compensation resulting from currency depreciation. Rules of equity, sanctity of Muslim property and public order as the public basics, and rules such as wasting, no loss and being the cause are considered special basics for proving this kind of loss compensation and are referred to them. On the basis of findings of this research, if government, by actions such as fiduciary and without expertise issue of banknote or by making political disputes and initiating internal and factional divergences, causes the economic problems, and as a result, currency depreciation and cause a loss to people, is guarantor and have to compensate the loss.
Language:
Persian
Published:
Journal of Studies in Islamic Law & Jurisprudence, Volume:6 Issue: 10, 2014
Pages:
87 to 116
https://magiran.com/p1282967  
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