It has no actual value, it only has the value that people are willing to agree it has. Coins at least always have the value of the metal(s) they are made from.
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
250000 turk lirasi is this currency hAs value or not?
Governments issue currency, and if you trust the government, you will trust its currency.
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
It has no actual value, it only has the value that people are willing to agree it has. Coins at least always have the value of the metal(s) they are made from.
A currency whose value is fixed either to the value of another currency, or to the value of gold, is called a "pegged currency"
250000 turk lirasi is this currency hAs value or not?
Governments issue currency, and if you trust the government, you will trust its currency.
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
Because the value of each currency is based on their economic strength. Currency is traded between countries - and one currency may be in more demand (increasing its value) than another.
euro
20 countries has highest value for it's currency
wats the currency of 100 rs value in bangkok
What is the value of kuwaiti dinar currency in indian rupee?
The definition of devaluation of Indian currency is the loss of the value of the currency. This is a an adjustment of the country's currency value downwards compared to other major currencies in the world.
The value of Germany's currency dropped and inflation soared. <---novanet answer