@Cognitivedissonance listen you islamic bearded goon. Currency has three instruments of 'value'. It's value has to be based on either of the following or else it will not be accepted as a 'useful tender' and can become in of itself useless.
1. Based on the USD. U peg your currency and it's value is determined thru what the USD is valued. Most poor nations take this option because they do the below options are not realistic.
2. U float it and let currency exchangers decide the value thru buying/selling and your govt sets the 'value' of your currency based on that. Australia follows this model it's called 'floating' the dollar. If the AUD wasn't valuable, it wouldn't be traded waryaa thru exchange markets. It's valuable because it has 1 trillion dollar a year products/good/services 'backing it'.
3. You evaluate the currency on 'rare metals' like gold or platinum
The currency has to report to something of 'value' in the market place before it's even considered a 'tender' or else it's no different to 'monopoly money' ama lacag aad iskaga iska samaysatay. So currency value isn't dictated by you or me but by 'commodities' like gold/usd/or buy n sell of currency exchangers.
1. Based on the USD. U peg your currency and it's value is determined thru what the USD is valued. Most poor nations take this option because they do the below options are not realistic.
2. U float it and let currency exchangers decide the value thru buying/selling and your govt sets the 'value' of your currency based on that. Australia follows this model it's called 'floating' the dollar. If the AUD wasn't valuable, it wouldn't be traded waryaa thru exchange markets. It's valuable because it has 1 trillion dollar a year products/good/services 'backing it'.
3. You evaluate the currency on 'rare metals' like gold or platinum
The currency has to report to something of 'value' in the market place before it's even considered a 'tender' or else it's no different to 'monopoly money' ama lacag aad iskaga iska samaysatay. So currency value isn't dictated by you or me but by 'commodities' like gold/usd/or buy n sell of currency exchangers.