ELI5 Currencies - what does it mean to float a country’s currency?
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How does a country devalue their currency, and why would they want to do that? What does it mean when people say a government is manipulating a currency? And what does it mean to either ‘peg’ or ‘float’ a currency? Explain the Bretton Woods system?
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ELI5 Currencies - what does it mean to float a country’s currency?