What are the effects of devaluation of currency on trade?
June 7th, 2010 stanleyWhy does it make imports costly and hence stimulates demand at home?
Why does it make imports costly and hence stimulates demand at home?
My friend recently began to invest in commodities. He bought a $50 USD gold coin (http://en.wikipedia.org/wiki/American_Buffalo_%28coin%29) for somewhere around a thousand dollars. My question is why has society determined that this $50 gold piece is worth more than 50 dollars. I’m confused because gold is valuable because of its material properties (doesn’t rust etc.) but once the U.S. government mints the coin or prints the money it doesn’t matter what it is or what it is made of it has the value that is printed on it. A $100 bill is worth 100 even though it is printed on the same paper as a $1 bill and it seems to me that a $50 coin should be worth $50.
I would like to know about forex trading business, can any one suggest a source? Thanks in advance
and how much is 1,000,000 old Lyra (I’m talking 1980’s old) worth in US Dollar?
How do they, could I just create my own country and make some currency and become rich or what, if I did this how would I convince america to use my currency?
Which is easier:
Hussein Obama blowing $2.6 trillion dollars a year to create no jobs, build no roads, or do anything he promised or $1.4 trillion more then the United States takes in per year causing the collapse of the dollar.
Or Just blowing up all the factories, permanent jobs, and everything else our country has left?
I have a note that says 100 on it , but just not sure what country its from . The note itself is reddish and also has 900 on it with some chevrons going right and looks like it has arabic writing on it . The main picture on it is an adult male with glasses and a bit of hair with a very tight looking thing on his neck .. Can anyone tell me what currency this is? And no .. its not fake either..
http://www.freeimagehosting.net/uploads/cb33ec722f.jpg
That is the note.
If you guys dont know what it is , at least plz give me a link for further help thx
RESOLVED!!!!!!!!!! THE MONEY IS THAI AND IS WORTH LESS THAN 10 CENTS HERE!! ![]()
Why does currency when it’s low in value help bring up a countries exporting?
For example the euro went down to the dollar and the euro went up. Chinese keep their currency low and are major exporters.
I’m not seeing how this works. Maybe someone could help explain the logic behind it?
Thanks
So what about when a country has to import the materials to manufacture a good with a devalued currency?
Say metals, glassware, textiles, etc.
Wouldn’t that mean more of B for A?
Sorry still failing to see it