0
$\begingroup$

This is probably a stupid question as I don't know much about economics, please bear with me. My question is; why can't a country insist on the worth of their currency relative to the dollar. For example, why can't a country like Nigeria insist that 1 naira is equal to 1 dollar and that is accepted worldwide for trading. I guess my real question is, why does the value of a country's currency increase or reduce relative to the dollar or other currencies. Thanks.

$\endgroup$
1
  • $\begingroup$ same reason they can't insist 1 naira is equal to 10000000000000000000000000000000 dollars $\endgroup$ – user253751 Apr 22 at 14:18