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Factors that determine the value of money.
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[QUOTE="sincerem, post: 241086, member: 25228"] [B][FONT=Courier New]Tje value of a fiat currency is dependent of the country's economic value, when the economy of the country is less valued in the forex market, definitely the the fiat currency of the country will drop in value which means the prices of other countries products will be very much higher whose currency is more valuable. Because, they'll be selling based on their fiat value price, when you go with the less valued currency, you'll pay more. That's the reason why some users from certain country find it difficult to purchase goods, merchandise from a particular country due to the huge difference in their fiat currency value. Only the financial buoyant individuals can afford such amount for the product when it becomes much more expensive due to the high level of the manufacturer's fiat currency value. Here in my country, the inflation has made things to increase drastically high, foreign products have tripped in price, it is very much less affordable for the poor people, if you aren't rich you aren't going to live comfortably due to the high cost of living in my country that is marred by inflation. I believe, it is due to mismanagement of funds and embezzlement. [/FONT][/B] [/QUOTE]
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Factors that determine the value of money.
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