No. of Recommendations: 1
warrl answered the central essence of the op question.

The periphery is also interesting and worth a mention. Valuation of currency, like valuation of almost everything, is based on two different factors: on the current value AND, to the extent the investment in a currency is non-liquid (e.g. a certificate of deposit denominated in Bolivars) and/or 'sticky' (e.g. a passbook deposit in a savings bank that could be frozen for some period of time by decree of the government) on the perceived range of probable future values of the investment.

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