INDIVIDUAL - CURRENCY AND PARITY VALUE The Currency Independent currency is a powerful symbol of sovereignty. It comes in different denominations, each different in looks, dimensions and security features. Differences aside, each one carries a statement of promise lending it credibility and making it legal tender, an instrument for value transfer and a medium of exchange. But there is a catch about the value “assured” to be transferred. Face Value Each note carries a promise that assures value at par with the printed face value. The value, said to be guaranteed with commensurate gold reserves, keeps fluctuating based on supply and demand, interest rates, inflation, public debt, and other macro and micro factors. Socio - political environment, itself speculative and make believe nowadays, influences currency value. Experienced as, purchasing power parity and expressed as exchange rates, a strong currency may equal many of a weaker currency. Transaction an Imperative Infla...