Economic maps

Maps to explain economic geography.

Economic maps

Mapped: Currency Unions (formal and informal)

Currency unions involve multiple countries adopting a common currency, either formally or informally. In formal currency unions, like the Eurozone, member nations use a shared currency managed by a central authority, promoting economic integration and stability. Informal currency unions involve countries using a foreign currency for transactions, either alongside or instead of their national currency, often driven by economic considerations, historical ties, or trade facilitation. Currency unions aim to simplify transactions, enhance economic cooperation, and reduce exchange rate uncertainties among participating nations.

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Economic maps

The Cost to Mine Different Cryptocurrencies In Every Country Mapped

As crypto refugees escape China in search of greener pastures, the cost of mining cryptocurrency may be the difference between profit and loss for miners, and the difference between a booming new industry and a missed opportunity for national economies. In the energy-rich countries of Africa and the Middle East, crypto users can mine Dogecoin for less than a nickel. The least costly nation to mine cryptocurrencies overall is Kuwait. However, the most expensive country for crypto mining is across the globe in Venezuela.

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