The fictional story of money | Currency system explained |World Economy EP 03

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______________________________ Watch this video to know how trust can drive economic changes 👇🏻
   • Trust (ft. Kunal Shah) | On the Money | CRED  

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00:00 Introduction
00:55 Origin of Barter System
02:00 Commodity Money
03:36 Origin of Bank notes
04:38 Gold Standard
05:15 How Gold Standard failed
05:50 Bretten Woods agreement
06:53 Origin of FIAT currency
07:48 Free floating currency
08:50 How exchange rates work
09:50 Why foreign currency is required
10:53 Can we print unlimited money
12:14 Hyperinflation in Zimbabwe

We often wonder that how is money created? What gives value to money?
the origin of trading was barter system which started from Nomadic times. Slowly the system of commodity money came and then representative money took its place. Finally the gold standards was ditched by the whole world and now world runs on FIAT currency. Watch video to learn more.

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