I read it only in parts. Apparantly, there actually is a dollar-galleons-exchange rate carried out by Gringots.

“Consider first the Galleon–Dollar exchange rate (i.e. the exchange rate between the muggles’ money and the wizards’ money), which is not mentioned explicitly in the original 7-volume Harry Potter books, but we know from the books that the Gringotts handles such exchanges (Rowling, 1999a, p. 50). Based on information from three sources, we estimate that the Galleon–Dollar exchange rate is about $7.30/Galleon.”

The best of these sources is Rowling herself I think: “Third, in an interview on March 12, 2001, when asked by Rebecca Boswell, ‘What is the approximate value of a galleon?’ J.K. Rowling’s reply was ‘About five pounds, though the exchange rate varies!’ (Source: https://www.hp-lexicon.org/2007/02/04/wizard-money/, accessed June 6, 2022.) We conclude therefore that the Galleon–Dollar exchange rate is about $7.30/Galleon.”

Arthur Wesley after all also bought a muggle car and bewitched it.

I read the books. But yeah, the name could have been improved … just Wiz Tech for example.

No no, there is actually a whole economic going on and someone analyzed it: https://academic.oup.com/ooec/article/doi/10.1093/ooec/odac004/6646895

And its not so different and similary flawed than that in our world ;)

Idk. I mean, we all basically know how an engine works, how a coffee machine works, but these little magic devices that are supposed to work with these “microchips”. You can easily take apart an engine, but if you take apart a smartphone, you never find the bits …

You can probably exchange it. And I mean gold should count anywhere

I tried to base it on the advertising of the 50/60s. Its a bit thick …

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