Short History of Forex
The international money exchange has gone through different phases and has become what it is today. The forex that we know today started to develop in the 1970s. The first important changes started in the 19th century, after the year 1870, when most of the countries began to use a gold based money. The most important thing at this type of currencies is that every currency is based on the gold and the exchange rates are fixed. And another important thing is, that gold can be imported and exported with no need to pay taxes. The system worked without any problems till the beginning of the 1st World War. ...
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