Commodity currency definition

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Commodity currency

Commodity currency logo #21000 A commodity currency is a name given to currencies of countries which depend heavily on the export of certain raw materials for income. These countries are typically developing countries, e.g. countries like Burundi, Tanzania, Papua New Guinea; but also include developed countries like Canada and Australia. In the foreign exchange market, commodit...
Found on http://en.wikipedia.org/wiki/Commodity_currency
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