Questions about a system of money in general use in a particular country or its relationship to international trade, such as, exchange rates or reserve currencies.
Questions tagged [currency]
84 questions
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What is currently stopping the most developed states from completely abandoning cash?
Countries such as Sweden have debit card adoption rates close to 100%. The governments of the developed world frequently talk about moving to a completely cashless society, but so far not a single territory has made the switch.
So what's currently…
JonathanReez
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Why don't all countries with large denominations of currency go through redenomination?
The South Korean Won and the Japanese Yen are one example of currencies with extremely large denominations. A single unit of both currencies has been worth less than 1 US cent for a couple of decades and most people therefore receive salaries in the…
JonathanReez
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8
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Why and how did Zambia stop accepting USD as internal currency?
There are plenty of articles stating that while in Zambia it was common to accept USD as currency, this is no longer true, and instead now everyone has to use the local currency ZMW.
None of the articles I've managed to find, however, explains…
o0'.
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Is it possible for a country to use a cryptocurrency as an official currency?
According to this article, Venezuela announcing the creation of El Petro, a state-sanctioned cryptocurrency:
Venezuela has followed suit, announcing the creation of El Petro, a
state-sanctioned cryptocurrency to be backed by Venezuela’s…
Alexei
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Why do countries antagonistic to the USA keep US$ as their reserve currency?
Do Russia, China, Venezuela, Cuba, Iran, Pakistan, etc. use US$ as their reserve currency?
If yes, I am curious why.
Why don't they use Euro or Chinese Yuan?
user17569
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vote
2 answers
Why is the Afghan currency stronger than the Pakistani currency?
Afghanistan is a war-torn country. Afghanistan doesn't have any relations with the external world.
However, it seems that the Afghan currency is stronger than the Pakistani currency:
What should be the explanation in layman's terms?
user366312
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