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Who is Nick Szabo? He explains the logical emergence of currency and the inevitable equilibrium of multiple currencies. Szabo argues that every transaction contains a "mental cost." In a world of "pure barter," you would need to memorize roughly N squared prices for N different commodities. For example, imagine a world ...
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China's next riposte in US trade spat could be 'hidden weapon' of currency devaluation Some $550bn of products emblazoned with the Made in China stamp flooded into the States last year. A mere $130bn made the journey across the Pacific to the Asian powerhouse. Beijing would have to go back to the drawing board. A currency war — the use of monetary policy to devalue a currency to ...
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Iranian fishery exporters express concerns over new currency policies (exclusive) Tehran, Iran, April 15. By Kamyar Eghbalnejad - Trend: The recent decision by the Central Bank of Iran (CBI) on baring exchange shops from trading foreign currencies have created hurdles for the exporters of fishery products in Iran, a union official told Trend. Aliakbar Khodaei, the secretary-general of ...
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Ripple (XRP) is Stepping Up Its Game with Santander Bank Partnership Ripple is one of the most talked about currencies these days, which is no wonder at all since Ripple is one of the most real-life integrated cryptos currently present in the market. In addition to this case, Ripple has been tested by numerous banks, banking institutions, and financial services, where these ...
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