# What is "decentralized issuance?" The limitation of currency issuance to specific, centralised institutions creates well know problems. Unilateral control over the creation of money has contributed to market crashes, asset bubbles and currency crises throughout history. Decentralisation of currency issuance represents a democratisation of value creation, in effect distributing the function of issuance from a few parties to a vast portfolio of cooperating entities. In the Vow economy, centralised control is replaced by decentralised governance. In the case of Voucher Currencies, issuance is undertaken by smart contracts and distribution is undertaken by a vast network of businesses, merchants or institutional issuers such as governments. Each distributes a portion of total circulating supply and each backs their own distribution proportionally by a **"vow"** of re-acceptance.. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://vow-2.gitbook.io/white-paper/frequently-asked-questions/what-is-decentralized-issuance.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.