Daily Point 2191 - Commodity Block Currency

 

The Banking Tutor

                                Daily Point 2191

Commodity Block Currency

 

Commodity Block Currency is a currency that belongs to a country whose economy is strongly correlated with the price fluctuations of a certain commodity. For example, a large portion of the Canadian economy is tied to the price of oil, which causes the price of this commodity to become a major driver in the value of the Canadian dollar.

 

Sekhar Pariti

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