why every country has different currency

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pooja singh asked 19-Aug-2020 in History, Politics & Society by pooja singh

why every country has different currency

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Palak Anjum answered 20-Aug-2020 by Palak Anjum
Different countries have different currencies because the rate of inflation in several countries tends to vary . Inflation rates are adjusted through currency appreciation/depreciation. this is often the essential theory, called Purchasing Power Parity (PPP), behind determining the worth of the rate of exchange .