Question

Why per capita income of different countries calculated in dollars and not in their own currencies by the world bank? *

Answer 1

Hey friend!

Here is your answer:

"  Why per capita income of different countries calculated in dollars and not in their own currencies by the world bank? "

To classify the countries on the basis of rich, poor and middle economies, there has to be set a uniform system of currency whose value should be uniform everywhere in all the world.

Dollar is a rigid standard currency which is used in many countries of the world. The currency dollar is used as it is also a middle value currency, not too high, not too low.

It is kept in mind that the same amount of dollars buys almost the same amount of goods in every country.

I hope it helps you