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Universes
Posted Thursday, November 23, 2023
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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