Discussion of Forex Trading and Currency Trading

How do Currencies work?

How do they, could I just create my own country and make some currency and become rich or what, if I did this how would I convince america to use my currency?

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One Response to “How do Currencies work?”

  1. as your currency would have no value to others then no it wouldn’t
    the us dollar is often used by many countires going into hytperiflation as it has a value, ie 1 us dollar = 60 cents nz roughly

    so your currency would have no value as the supply would be very low (low being under millions of notes) also for currency to be of value it needs to be either intrinsic (ie made of gold) or fiat (worht by law) thats what legal tender is

    also no one would want to take your currnecy in exchange for lets say us dollars as they know that no one else wants to swap it with them for goods or serivecs…

    ..so to sum up, no you cant make your own as there are several factors that would make it worthless to others in trade ect

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