Learning

World's Currencies History

Submitted by currenciesfx on Wed, 04/13/2022 - 08:50

World's Currencies and their History

Currency names vary from country to country based on domestic culture and linguistic factors. Many monetary units got their name by the domestic word for ‘weight’ or the word for ‘golden’. This was happening probably because these domestic currencies had an equal value of their weight in gold.

Triffin Dilemma

Submitted by currenciesfx on Sat, 04/09/2022 - 07:55

Triffin Dilemma (Reserve Currency Paradox)

Robert, Baron Triffin was a Belgian-American economist who was openly against the Bretton Woods monetary system. Triffin dilemma or else Triffin paradox refers to countries whose currencies are used as global reserve currencies, like the United States and the US dollar.