Foreign Exchange Rates by Country Central Banks – 22:00 GMT 9th September 2022

Central Banks control official reporting of exchange rates. There are policies which enable citizens benefit from the best rates possible compared to other sources of forex. People need a working understanding of the dynamic applications of forex. There is a story of retirees from Poland who were paying their mortgage in foreign currency and the money lost value and it seemed like they had to start all over again making payment. It seems like a game, and no one cares who makes losses.

A broad understanding about money is necessary for every citizen of the world. A class in economics cannot give one that. There is widely distributed information online which have summarized the concept about money. At the end of these currency updates is a short video which provides a summarized view of the concept of money and forex by extension.