Since no formal monetary system succeeded Bretton Woods system is, at present, only the law of supply and demand that determines the value of a currency relative to another. A gradual relaxation of the rules governing the buying and selling of foreign currencies, and later, the gradual liberalization of capital markets should increase the range of financial flows around the world. It was therefore imperative to create a money market which provide a framework for all transactions at any time of day worldwide. The FOREX, somehow responded to this request.
التسميات
forex