Kuwait drops dollar peg

[Bull]

You make many laugh. Do you know the exchange rate of japanese Yen.1Yuan = 16 Yen, does that make japanese 15 times more poorer than .

Inspite of such a weak yen, Japan was suffering from deflation all these years. And china is booming with this current currency valuation.

China is all about exports and with stronger currency it has a lot to loose. All this is done in a very calculated way.Looking at the growth rate of china its economy will double in less than 10 years and even India will be forced to have Yuan in its reserves. .

No country would like to keep a currency under pressure to devalue in its basket. Euro , Br Pound, J yen, gold are all candiadtes for diversification.

Give me some sensible reason why it is a loss to have common currency with China.

The same reason as to why gulf countires are suffering due their pegging with USD.

 

[Cheetah786]

Who said its only communist states that control its currency???

OK u see since you asked in one of the posts.''name 1 American company thats in India''.since then i kind of no your level of intelligence.
only solution that i have come up with you is just not answer it any more.

playing a flute in front of bull.you are just waisting your talent.

 

[Bull]

OK u see since you asked in one of the posts.''name 1 American company thats in India''.since then i kind of no your level of intelligence.
only solution that i have come up with you is just not answer it any more.

playing a flute in front of bull.you are just waisting your talent.

lol.....thanks anyways...i just got somethings clarified.......