http://www.myylt.com/2010/05/14/how-would-a-country-convert-to-a-different-currency/ Discussion of Forex Trading and Currency Trading Thu, 24 May 2012 01:57:08 +0000 http://wordpress.org/?v=2.3.3 http://www.myylt.com/2010/05/14/how-would-a-country-convert-to-a-different-currency/#comment-25370 SDD Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/05/14/how-would-a-country-convert-to-a-different-currency/#comment-25370 Sure. Ecuador converted to the US dollar. The reason that you might find this attractive is that it prevents governments (other the US or EU, of course) from devaluing the currency. Sure. Ecuador converted to the US dollar. The reason that you might find this attractive is that it prevents governments (other the US or EU, of course) from devaluing the currency.

]]> http://www.myylt.com/2010/05/14/how-would-a-country-convert-to-a-different-currency/#comment-25371 Bored Goblin Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2010/05/14/how-would-a-country-convert-to-a-different-currency/#comment-25371 a country can allow circulation of foreign currency, or peg its own currency to dollar or euro. This can restore a bit of economic stability if a country had high inflation before. This prevents government from using monetary policy, as supply of money is controlled by the US Fed or the European central bank. a country can allow circulation of foreign currency, or peg its own currency to dollar or euro.
This can restore a bit of economic stability if a country had high inflation before.
This prevents government from using monetary policy, as supply of money is controlled by the US Fed or the European central bank.

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