Comdolls is a nickname for the term “commodity dollar”.
Currencies like the Australian, Canadian, and New Zealand dollars are known as “comdolls” because their respective economies are highly dependent on exporting commodities.
Commodities are used as materials in the production of goods or services.
Australia is the second-largest gold producer in the world, behind only China, while Canada is the fourth largest of the world’s oil producers. New Zealand exports a lot of dairy and meat.
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