International Dollar

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International dollar - a currency created on the basis of the US dollar, used to express real GDP and its components, ie to eliminate the effect of differences in price levels between states or other territorial units. Theoretically, one dollar of international value can buy the same part of a specific basket of goods and services in every economy. The international dollar exchange rate in the local currency of the country is determined by the difference between the US dollar buying power in the United States and the country being compared. Another contractual currency used for the same purposes is the purchasing power standard (PPS). Contractual exchange rate of the international dollar

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