Currency and Money Value

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, February 3, 2023

Lebanon Devalues Currency by 90%

On 1 Feb 2023 Lebanon's Central Bank devalued the country's currency by 90% against the US$.The new exchange rate is 15,000 pounds to the dollar compared to about 1,500 pounds to the dollar previously. The black market rate is about 61,000 pounds to the dollar.

Friday, February 3, 2023

Lebanon Devalues Currency by 90%

Malawi Devalues Currency by 44%