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cdsmith-
while i might not have stated it properly by using the term *backed by*, my point is that when the dollar drops in value, so do other currencies' values.
the title of the reuters article you posted is somewhat misleading.
from the article- while the value of the canadian dollar rose, due to oil exports, canada does not have an oil standard backing the canadian dollar. i.e. for every canadian dollar outstanding, your country does not have the equivalent in oil stashed somewhere.
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