One of the most important decisions that any country can make is what type of currency or foreign exchange regime to use. In this revision video, we look at each of the main currency systems and provide an update on the choices that nations have made.
Your exam board specification will make clear which currency systems you have to cover, but here is an overall summary.
Degrees of floating systems
Currency anchor (fixed or semi-fixed) system
Currency board arrangement
Some examples of countries and their currency regime in 2019
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