Fax Various Currency with airSlate SignNow

Separate currency log

hello I'm Joe gamble come back so the second channel videos then it's also a fairly big question about currency which is why all currencies seem to be worth different amounts and these short ones that question is very simple it's because they're entirely different currencies they have no reason to be linked together but the Loom wants that question is a bit more complex it's why this video is being made because most people if they were to design a wool from scratch you'd have most currencies be worth pretty similar amounts so why is it that one u.s. dollar is pretty close to one Frank but it's worth over a hundred yen and over a thousand Korean Won why is that the case and to answer this question my credibility today is that I am in fact in a room filled of money as you can see behind me and in case that's not enough proof here is a giant slab of gold that I own as you can see I am a man with lots of money there's even money in the reflection of the gold button it seems but yeah I am a man who has lots of money as it seems so let's talk about what currencies are worth different amounts with my credentials so let's start by dispelling aim it shall we because it's often thought that low value currency means a country with inflation issues there's the joke about the Zimbabwe dollar being worth about a billion US dollars and you have to spread you know will around ten billions or trends of it and although that washed wrote one point it's not necessarily true that a high value currency is a strong currency if that was the case that low value meant weak and high value been strong then Kuwait would have the best currency in the world and Iran would have one of the worst because one Kuwaiti dinner is worth 138 thousand five hundred and ninety two point eight two Iranian rial however that isn't to say that Kuwait's economy is a hundred and thirty eight thousand times better than a trance in fact Iran's economy as a whole is bigger and better and you know minus a lot of sanctioning issues you know ran does have a strong versatile economy so why is it that their currency is worth one hundred and thirty eight thousand times less than that the Kuwaiti dinner why is it worth you know multiple tens of thousands times less than your currency and yeah it's because these very relative values don't actually represent the stability or the value of the currency as a whole so if they don't represent those things then what do they represent so we have to go a little bit back in time because the history of most currency you know like to go through the very basic system of like well we went from border to having gold to...