Q. Do you think that valuation of currency is directly proportional to the prosperity of the country?

Do you think that valuation of currency is directly proportional to the prosperity of the country?


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Jun, 2018

1 Answer
  • pearljam

    No Way.

    Valuation of currency absolutely matters but directly proportional…Not fundamentally correct.

    Many avenues are there which cant be measured on the scale of money valuation . Some of them are as follows :

    1. Unity and integrity among people.
    2. Nature and Environment preservation.
    3. Traditions and Culture preservation.
    4. Take care of Tangible and especially intangible heritage of the country.

    These aspects are also very important for the prosperity of the country as well asthe valuation of the currency.


       

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Asked in Category

Currency

The strength of currency is a sign of strong nation. It is not known for sure since when money came into use, but in the records of history there are several proofs of its early existence. Units of currency have relative valuation in correspondence to other currencies. Money is of significant importance to an economy due to its involvement in the day to day life of people. A consumer, producer, businessman or a beggar cannot spend a single day without indulging in monetary exchange.

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