Amount of gold desides currency of country.
The demand and supply forces in the currency markets determine the rate of the rupee to the dollar. The currency is not fixed by a central bank.
depreciation is due to international economic pressure i.e the supply and demand of a currrency whilst devaluation is done by the government of a certain country , when it decides to set its currency or give its currency a certain value against others.
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?
Amount of gold desides currency of country.
The secretary of Treasury decides the designs of the United States currency.
The demand and supply forces in the currency markets determine the rate of the rupee to the dollar. The currency is not fixed by a central bank.
No
depreciation is due to international economic pressure i.e the supply and demand of a currrency whilst devaluation is done by the government of a certain country , when it decides to set its currency or give its currency a certain value against others.
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
What is the value of kuwaiti dinar currency in indian rupee?