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prashantakerkar prashantakerkar
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Posts: 1645
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2 years ago

Can you highlight the main reasons as why some countries have changed their currencies ?

What will be the impact on their economy once they change their currency?

Are there countries records where they have rollback to their original currency after specific time?

Thanks & Regards,
Prashant S Akerkar
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Prashant S Akerkar
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#1
Educator
2 years ago
Can you give an example of what you mean by changing currency?
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#2
Valued Member
2 years ago
Thanks.

Example: Iran

https://www.nytimes.com/2020/05/04/world/middleeast/iran-currency-inflation-rial-toman.html

Reference:
https://en.wikipedia.org/wiki/Currency_substitution

Thanks & Regards,
Prashant S Akerkar
Prashant S Akerkar
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bio_manbio_man
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#3
Educator
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2 years ago
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#4
Valued Member
2 years ago
Thanks.

Other than Inflation, there could be some other factors which lead to changing currency by the country?

Thanks & Regards,
Prashant S Akerkar
Prashant S Akerkar
wrote...
#5
Educator
2 years ago
Perhaps a change in government structure. For example, a transition from a monarchy to a republic, or a dictatorship to democracy.
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