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Weiyun L

Day zero or D-Day? - 0 views

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    Cuba have two currencies and issues with the exchange rates. There has been numerous exchange rates. There are also issues with a parallel exchange rate hidden from the public. The president is hoping to unify the two currencies and to support the exchange rate to become 1:1.
lizzy97

Economics IA #3 Articles - 5 views

started by lizzy97 on 03 Dec 15 no follow-up yet
lizzy97

CBA fully controls foreign exchange market in Azerbaijan - 0 views

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    The dollar exchange rate versus the manat (Azerbaijan currency) has been gradually increasing since early November. It has raised concerns among the population. For example, the exchange rate was 1.0491 manat to $1 on November 2, and reached 1.0504 manat on November 11.
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    These concerns could come from the likely consequences that happen with an increased exchange rate, such as inflation. This rising exchange rate could make imported goods and services and raw materials more expensive. Making costs of living raise and costs of production for companies raise.
lizzy97

Economy Minister: Russian Central Bank May Lower Interest Rates in 2016 - 0 views

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    This article talks about how the actions of the Central bank regarding lowering interest rates was crucial in the countries inflation rate and economic growth potential.
lizzy97

Egypt raises currency value amid disruptive dollar shortage - 1 views

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    Egypt's central bank has strengthened the pound for the first time since 2013. It has injected dollars into a banking system that has been suffering from an acute foreign exchange shortage. This relates to our unit as we see Egypt strengthening their pound through government intervention. This means they are reevaluating their currency. This means they will reap the benefits of having a high exchange rate (downward pressure on inflation, more imports can be bought, domestic producers improve their efficiency, etc.) but they of course will suffer some consequences as well (damage to export industries and to domestic industries).
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