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Kaysh
Kaysh

6mo

ENTP

Gemini

Widening Economic gap - Currency

Do currency rates directly contribute to the widening gap in countries economy and development? For instance the reason a country's currency is low is due to less gold reserves. But with a lower currency ie. 1 MYR = 0.21USD, more Malaysian ringgit would be used to buy a commodity. Then gold reserves would fall, or rather debt + interest to IMF increases. - widening economic gap. (edited)

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JAcK
JAcK

6mo

ISTP

Aquarius

6
7

Think macro input output, use, and cost of currency based on federal rate. Im sorry I'm not very good at explaining this part.

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JAcK
JAcK

6mo

ISTP

Aquarius

6
7

Oh it's a lot more complicated than that.

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JAcK
JAcK

6mo

ISTP

Aquarius

6
7

Gold reserves have nothing to do with it. (edited)

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