Why Different Currencies Have Different Values?

[@Explains101]

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Thatnks to you for this content

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​@@zenddarksonThank you also for watching my video 😆

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I was skeptical when I clicked this video. But, I was pleasantly surprised that it was to the point and factual. Keep up the good work. We really need youtubers with integrity coming forward and spreading the truth about the global monetary system.

[@Explains101]

​@aloksrivastava7938 Thank you for your kind words and support! But, I'm really curious about why you felt skeptical when you clicked my video? If you're okay with sharing, then don't be hesitate to tell me for the better Explains 101 😊

[@aloksrivastava7938]

@@Explains101 I was skeptical because many youtubers use serious subject matters like this one as clickbait. But, when you watch the video, they dish out information which is in total opposite direction of the subject matter they were supposed to provide. They make long lengthy videos filled with highly contradictory information while testing viewers patience, and at the end of the video, they give you a conclusion which doesn't make any logical sense at all--Much like a badly written work of fiction. Serious matters should not be treated like a work of fiction.

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Years of confusion and answered in just 13 minutes. Thank you.

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Bro explained economics to a science student. Goat channel Btw please explain FIAT MONEY and PETRO DOLLAR too

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[@wiredWhiz27]

Fiat money is money that isnt backed to any commodity like gold instead its value is based on trust that it's worth something Petro dollar was an agreement by the US and major oil producing countries like Saudi Arabia, UAE e.t.c to sell their oil in USD.This move was to make sure the US dollar was the reserve currency(a currency that is accepted all over the world for trade between countries or general transactions) The thought behind it was that all nations require oil for energy and that would drive the demand for the USD making it stable and reliable as a reserve currency By the USD being the reserve currency the US gets to print money to get imports from any country but must be careful to prevent inflation.No other country has this ability and therefore the US will always and always try to protect the USD status as the reserve currency.

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​​@@wiredWhiz27"... _No other country has this ability_ ..." We will see about that...

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Fr

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[@Explains101]

Thank you 😊 I will explain more in the future, stay tuned

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@1:58 Yes, please do make a video about it

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Noted! I will make it in the future! Stay tuned 😊

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I am a science student and I didn’t have any class at all in economics/business subjects or sth like that Recently I started a bank account and I’ve always wondered how a bank works, and the exchange rates of currencies, I’d like to thank you for answering my questions through simple explanations and visualisations Keep up the good work! :)

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No problem! I'm glad that you understood my video 😊 Stay tuned for more videos 😆

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Thank you for your kind words! Yes, most professors explain things with tonnes of terms and hard-to-understand language that make people confused...

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Debt and taxes going up

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I had Economics as an extra subject in my final years of High School, when I first learnt about Fiat money among other things. Back then I always used to wonder why countries had the need to devalue their own currency, but I could never understand it. I hated economics so much since then that I went into tech for my college years. It is only now that I'm finally at peace knowing why they do it and why values aren't as important. Amazing video, including all the hilarious country balls. Great work!

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Thank you so much. Want video about Fiat money and Petro dollar

[@Explains101]

Got it! I will make them later, stay tuned 😊

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[@Explains101]

@user-sam4465 Kind of annoying when our currencies are weaker than U.S.D. that makes all imported products feel expensive... But weaker currency does not always mean bad as developed countries like South Korea and Japan also have weak currency. Btw, thank you for your comment! 😄

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