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differences in the value of all countries currencies
why there is differences in the value of all countries currencies
Replies (1)
those are standards had set back by countries based on their gold possessions in relartions to US dollor...
say if US had 50kg gold and india had 10 kg gold..the curreny of india had been set 5 times inferior to US dollor...This was the past fix up but later on the value fluctuated based on demand and supply for currencies..
Is there any contrary opininon ..please let me know
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