Like why can’t some country say something like “our country’s currency value will be 200 times that of US dollars ” . And who determines this value or how it is determined. And why it constantly changes.
In: Economics
> “our country’s currency value will be 200 times that of US dollars ”
They do. This is called “pegging” and is a fairly common practice. However, it does come with risks: if the currency you’re pegging to changes in value in a way that’s harmful to your economy, there’s not much you can do about it.
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