like the fact that $100 in jamaica is like $10 here & etc.. why couldn’t we all use the same currency? or not even the same currency specifically but like have $10 here be the same thing as $10 in canada or $10 in africa etc etc.
In: Economics
Separate currencies give each country some control over how they manage their economy. The government can raise (print more) or lower the amount of currency in circulation, this can affects foreign exchange rates, loan rates, etc.
Europe couldn’t even do the Euro properly… you’ve got countries with huge economies (Germany) that end up needing to bail out more mismanaged countries (Greece). Whereas before the Euro Greece would have just started printing drachmas.
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