Using blockchain to drive supply chain transparency A fiatcurrency has no intrinsic value. In other words, its value is not based on a precious metal. Monetary policy determines the purchasing power of the currency. The exchange rate regime involving fiat currencies is called a flexible or floating exchange rate regime, where the exchange rate is determined in international foreign exchange markets. An international monetary system in a fiat currency world is characterized by floating exchange rates. In fact, most developed countries’ exchange rates are characterized as such. There is the possibility of government as well as central bank intervention in exchange rates under the floating exchange rate regime. Thanks for reading our content. To know more about our services, please visit our website: Mr. Vijay Kumar http://www.cryptosoftindia.com/ cryptosoftindia@gmail.com 1/124, DLF IT Park Rd, Ramapuram, Chennai, Tamil Nadu 600116 +91 6385 108 373