and which currency is the most stable?
2006-11-02 15:53:57 · 3 answers · asked by whatwhatwhat 5 in Social Science ➔ Economics
At present: Zimbabwe. The 1200% inflation rate is sending the Zimbabwe dollar down the tubes very rapidly.
The Turkish Lira has stabilized very nicely since early 2005. Paraguay's currency suffers from inflation also, but not nearly to the same degree. The Iranian riyal is actually dropping fast than that (from 3000/ US$1 to $8000/ US$1 over the last five years).
It all boils down to who controls the printing press in each individual country.
Most stable? Relative to what? Japan, China, Saudi Arabia, the Euro, the UAE dirham? All these have held their value or gained against the US dollar over the last few years.
2006-11-05 10:54:15 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
The CFA franc answer is wrong. The CFA is tied to the euro. It is on very rare occasions devalued.
The Turkish lira is the most rapidly debased currency because their inflation rate is so high.
2006-11-05 05:09:24 · answer #2 · answered by MBK 7 · 0⤊ 0⤋
Paraguay-I dont know yet, its historical.reason- I am still investiating. Also Central African franc-CFA Franc. stands to reason suppose.
2006-11-02 23:37:52 · answer #3 · answered by Latin Techie 7 · 0⤊ 0⤋