Posts Tagged ‘Five dollars’

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The 5 Dollar Debate

Everyone knows that five dollars in your pocket in New York has a vastly differing real value compared to if you were in Buenos Aires, Argentina. The value of a dollar varies impressively throughout world economies, and has a powerful effect on entire continents.

The value of a currency is a powerful representation of the inequality and disparities in purchasing power across the world. It not only highlights the abstract notion of money itself through its huge variability in value but also underlines the struggle for developing countries with weak currencies to receive imports essential for development and growth.

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