We use the number of units of each currency that are created as a measure of currency confidence or risk. When additional units of a currency are created there is a greater risk of a loss of purchasing power due to inflation or hyperinflation of the currency price of goods and services. People usually refer to currency as money unless it is debased severely by new currency creation. True money like gold and silver cannot be created by private and central banks.
Friday, January 15, 2021
Thursday, January 7, 2021
Iraq Devalues Currency
Iraq devalued its currency by about 20% against the US$ in December 2020 to 1,450 dinar per dollar from about 1,190 previously.
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Malawi Devalues Currency by 44%
Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...
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Malawi just devalued its currency - the Kwacha - by 44% against the US$: https://www.african-markets.com/en/news/southern-africa/malawi/mala...
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The Central bank of Nigeria started incentivising people to use the Nigerian CBDC (eNaria) in October 2021 but a year later only 0.5% of the...
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Zimbabwe has introduced a gold backed digital currency. Still government controlled it appears. How will citizens know the gold is actually ...
