a generally accepted form of money, including coins and paper notes , which is issued by a government and circulated within an economy.
Questions tagged [currency]
356 questions
17
votes
4 answers
I lost $100 in the laundry, who won?
I lost a 100 dollars bill in the laundry (it was destroyed).
I clearly lost 100 dollars.
Where are they now? Who won 100 dollars?
user5498
- 187
- 3
11
votes
7 answers
What are the known / alleged problems against using energy as currency?
What are the known (and alleged) problems of using Joules (i.e. a measure of energy/work) as a currency? I tried to find such idea in Google (searched terms like "technocracy", since someone told me that technocracy had such idea), but I'm not clear…
Luis Masuelli
- 243
- 3
- 8
9
votes
2 answers
What effect would removing the lowest denomination currency have?
Here in New Zealand our lowest denomination coin is 10c after the 5c was removed about 10 years ago. I think generally the public is pretty happy about the move.
It's quite a common argument to remove the penny from circulation in the United…
dwjohnston
- 2,036
- 14
- 31
8
votes
5 answers
Why do currencies cover orders of magnitude?
Using 1 USD as a reference, most currencies are within an order of 5 away from the USD: that is, one unit of most currencies is worth between 0.2 USD and 5 USD. (Source.) In fact, most European currencies (Pound, Euro, Franc) are almost exactly 1…
user01101001
7
votes
1 answer
What may have caused these blips in the value of Euro vs. US dollar
I was looking at the USD/EUR exchange rates a few minutes ago (Saturday evening, Eastern Time Zone here in USA) at xe.com and noticed some sharp blips on it from earlier today.
The graph looked as shown below.
The times (on the X-axis) are in the…
x457812
- 179
- 2
3
votes
3 answers
Is it necessary to have currency in an ideal centrally-planned economy?
Under this condition, the price of goods are definitely meaningless.
Novite
- 31
- 1
3
votes
2 answers
Can small countries use a foreign currency as their official currency?
Having one of the "big currencies" (US-Dollar, Euro, Japanese Yen) is of several advantages:
Tourism: There is a huge amount of people who can directly use it (317*10^6 US citizens, 337*10^6 people in the Eurozone, 128*10^6 Japanese).
Trade…
Martin Thoma
- 131
- 4
3
votes
2 answers
What does a currency say about an economy and how to compare them?
I have a pretty basic question about comparing currencies. But I just need to have this cleared up because I can't wrap my head around it.
When I want to know for example which currency is stronger, for example the Euro vs NOK, I just look up how…
O'Niel
- 165
- 5
3
votes
1 answer
Why did the pound sterling lose its reserve status to USD?
Why did the pound sterling lose it reserve status to USD? Was this due to some agreement during the Bretton Woods negotiations?
user12516963
- 35
- 4
3
votes
1 answer
How do countries create their own currencies (and give them meaningful value)?
Regardless of why they'd do it, what do countries do to make their own currency, replacing the old one, and give their new one value?
I sorta get how it works, but this kind of economics is still super confusing to me; thus I thought I'd ask. You…
Tirous
- 213
- 2
- 8
3
votes
2 answers
The Currency Value
On what basis, The value of any currency changes:
Does it depend on re-paying the loans.
Or it depends on trade & exporting.
(e.g. The "Dollar" equals 13 Egyptian pounds... What's the reason? Is it because "Egypt" is keeping borrowing without…
K. M.
- 133
- 3
2
votes
0 answers
What is the chain of events that occur when oil price drops that makes the Canadian dollar lose value?
A large part of why the CAD has been weakening (against the USD) is because the value is crude oil has been falling, and Canada is a big exporter of oil.
But this oil doesn't belong to Canada. It belongs to the private companies that extracted the…
Nixu
- 139
- 3
2
votes
1 answer
Is there any need of digital currency given online payments through bank balance
Given talk about launch of retail digital rupee by RBI in India, is there any need for digital currency given online payments through bank balances of individuals/firms already serve the purpose?
2
votes
2 answers
How Much Gold Did Weimar Have Pre-Hyperinflation?
A few years ago, Peter Schiff and a few other Austrians (not all Austrians, as Mish was stating the opposite) were adamant about hyperinflation and Paul Krugman stated that it was like talking about fire problems during a flood, which made sense…
RobEconomix
- 289
- 1
- 6
2
votes
2 answers
How does key currency work?
When a country make too many of their currencies, it will eventually lower the currencies' value and inflation would occur.
But why won't key currency work like this? If the US is making more and more money, shouldn't the value get lowered at some…
dolco
- 197
- 8