3 ms·
We got to a centralized fiat currency, sort of (USD), albeit by undeniable hyperpower supremacy rather than reasoned consensus.
by shrimp_emoji 4y ago
We got to a centralized fiat currency, sort of (USD), albeit by undeniable hyperpower supremacy rather than reasoned consensus.
- hammyhavoc 4y agoThere are 180 currencies in 197 countries. Forex exists because other currencies exist. Yes, dealing with USD values is relatively common, but it's not really the same thing as what was posited with a single centralized currency.
- red_trumpet 4y agoWait, really? As there are 20 countries in the euro zone, that means some countries have more than one currency? And don't forget about the West African CFA Franc, which is used by 8 countries. Are there other currencies which are shared between countries?
- hammyhavoc 4y agoYes, plenty of countries have multiple currencies accepted as official legal tender. E.g., Jamaica has both Jamaican dollars and US dollars. Poland uses zloty, but euros aren't uncommon tender, despite not officially being a member of the Eurozone.
- fishnchips 4y agoI’m based in Warsaw and I can’t think of a single store where I can pay with euro cash. Perhaps this is more common at the eurozone borders (with Germany, Slovakia and Lithuania) but it’s by no means an alternative currency here.
- msm_ 4y agoI only saw that prices in euros once. It was in a tourist location, and the exchange rate was outrageous (I think more than 6pln/euro and you didn't get any change).
- ianburrell 4y agoThere are territories that aren't recognized countries that have own currencies. For example, Somaliland has the Somaliland shilling. Also, there are oversea territories that have own currency. Like Bermuda has the Bermuda dollar. Also, there are only 130 currencies that are independent. The rest are pegged to other currencies. There are couple other shared currencies, like West African CFA franc, Central African CFA franc, and Eastern Caribbean dollar.