Governments can take various steps to stimulate their economies, including currency revaluation. Businesses, especially those involved in international trade, can either gain or lose value based on ...
China is feeling the worldwide pressure to raise the value of its currency. After refusing to consider revaluation last fall, Chinese officials are now volunteering that they are studying the problem.
Exclusive-Syria to Revalue Currency, Dropping Two Zeros in Bid for Stability DAMASCUS (Reuters) -Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public ...
The Bush Administration and the Chinese Government are off the hook, at least for now. The Fair Currency Alliance (FCA), of which AMT is a leading member, has decided against filing a Section 301 (of ...
A little over six months ago, a friend called me up with a "surefire" money-making investment: put money on China allowing its currency, the yuan, to appreciate within the next eight months. My friend ...
China’s central bank will expand the daily yuan trading band against the dollar. The announcement came after first quarter economic data that China’s gross domestic product growth had slowed to 8.1%.
According to both economists, the answer is NO. According to Stiglitz: "A 3% change on the foreign exchange rate does not have a significant effect" on the US trade deficit with China". Factories are ...
Despite still showing no signs of ever paying off, the Iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought and sold without ...
A revaluation of Gulf currencies, most of which are pegged to the dollar, to combat inflation will not be on the agenda of a heads of state summit beginning in Doha today, finance ministers said. 03 ...
DAMASCUS (Reuters) -Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public confidence in the severely devalued pound, according to seven sources familiar ...