GeopoliticsHistory
,Today I learned
AUD vs Global Iron Price
TIL: Australia’s economy is so centered around mining that you can put a graph of iron prices next to a graph of the worth of the Australian dolar it’s almost comical. As the global iron price goes up, so does the worth of the AUD! I think its both funny and interesting that a countries currency can be so dependant on one recource, I also wonder what this implies about Australias economy on the whole.
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Sunday October 22, 2023