The Swedish Krona is on it's own but Sweden's economy is tied directly to Europes…if Europe does well, so goes Sweden. I am looking for country's currency that is independent of the USA, Japan and Europe economies as much as possible. My closest guess is India and possibly Brazil. Am i right?
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March 28th, 2009 at 8:21 am
well the economy is an interwoven web so what affects one it will in some way affect another so there is not true independent economy
March 28th, 2009 at 8:21 am
This might be a bit cheeky and wrong but i always thought that countries like Iran and North Korea would have the least economic ties to the United Sates. This is due to the USA's apparent severing of ties.
But i think with a superpower like the US or China most countries have at lease some link to them.
March 28th, 2009 at 8:21 am
Sweden is tied to what happens on East countries as Swedish Banks have huge investments overthere.The future of Swedish Banks is black, all East countries are plummeting and their currencies are being devaluated .There are riots ight now at Latvia.Latvia`s economy had the highest rate of growth , of course it was another bubble.
Images of unrest at Latvia, its right wing government was ousted on last Friday.
http://www.iht.com/articles/2009/02/25/business/latvia.php
March 28th, 2009 at 8:21 am
No you're not really right. The most independent currency is probably the Zimbabwean dollar (maybe it's called a rand?)… It's so worthless that nobody with any sense wants to be anywhere near it (no pun intended).
There are a lot of other really small, minor currencies that are only used in certain localities whose worth is not based on external currencies to much extent.