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> In theory can have currencies directly backed by oil, wheat or copper That is to some degree what USD is ("Petrodollars"): https://www.investopedia.com/arti
by sshine 3y ago
> In theory can have currencies directly backed by oil, wheat or copper
That is to some degree what USD is ("Petrodollars"):
https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp https://www.investopedia.com/articles/forex/072915/how-petro...
- ffhhttt 3y agoYou can’t redeem them for a fixed amount of oil so I would say this is quite different.