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Since our topic this week is on exchange rates i thought it would be a good time to address a topic of interest to me - virtual money. the bitcoin is accepted as a form of currency by many and from the article, we can deduce that it has a high exchange rate. A norwegian man had bout $27 worth of bitcoins which now translates to $886,000. this value and exchange rate is un-paramounted and extremely high but there are reasons for this. Bitcoins are now being used as a form of currency for illegal trading - forged documentation serving as an example. This increase in demand has lead to appreciation for the value however many countries are just starting to recognise the bitcoins currency value. many owners are just starting to accept bitcoins as a form of payment in the hopes that it can appreciate and they can sell it for more in the future. However in the article we get an understanding that the bitcoin fluctuates greatly. This detracts consumer confidence however the sheer idea of investing in virtual money is enticing to many, increasing the demand for the bitcoin.

Discusses the change in the value of the Jamaican Dollar

Before I comment, I want to say i liked the picture.( very funny) The article is very straightforward. It simply states that individuals who have received and dealt in foreign currency will gain, while individuals that have dealt with Jamaica's currency will suffer. A decrease in the value of a countries currency will benefit foreign markets but will harm the domestic market. Before I comment, I want to say i liked the picture.

This article is about the rise in the currency value of the bitcoin. It is expected to "quadruple in just three months."

After Chinese Google-like company Baidu announced it would be accepting Bitcoin as a method of payment, the value of the currency increased significantly. Bitcoin is an emerging virtual currency in which people can make online transactions with large amounts of privacy. Many are attracted to the currency because it allows them to evade some of the regulations placed on trade by the Chinese government. Some people fear however that this type of currency would be very hard to regulate and track and may lead to the development of black markets and other illegal activities.

This Bloomberg article talked about how China is trying to raise the currency and make Yuan become a global currency. It also mentioned China used to peg Yuan on US dollar until 2005, then they changed the policy to manage Yuan in a certain range.

The article is concerned with the increasing currency value of the Yuan. In the past couple years, the value of the Yuan has increased significantly. This increase in the currencies value is due to the China opening its markets and showing leniency in trading. However, the Yuan though growing in strength has much to do before it becomes the world currency. It must be adaptable. The Chinese government has stated that they will open the market more by 2020. When the currency will replace US is unknown but it seems that it will surpass the US dollar with time. The article was eyeopening. I had never realized the Yuan was so strong. I will definitely look at the Yuan when i read economic news.

This article talks about an earthquake and the lack of water available.This article essentially talks about how the demand for water was high but the price remained therefore people with more use for the water werent able to get the resource; it; some needed it for baby formula whilst others for cleaning dishes. The writer argues that if the price of the water was raised, as it was scarce, then people with higher priorities wouldn't mind spending the extra money. Economist Eric Cramption then dismisses an argument against price allocating resources; the poor would get poorer. . 

This article talks about how optimism in the Bitcoin from China has led to investment in it, which leads to a higher demand and higher value.

As Japan's economy continues to slow down, the value of the yen has be lagging. Reports say that the value of the yen has dropped 20% compared to the US dollar.

I decided to find an article about Bitcoin because this week we are talking about future currencies as well as the values of currencies. Bitcoin is an interesting topic as it has recently been discussed as the currency of the future. It has been rumored to be valued at 1 bitcoin = 411 us dollars, yet it is only used online with companies like paypal and reddit. Is it the currency of the future? There is also the question of whether or not one day in the future there will be one currency for the whole world.

The articled is talking about NEW DELHI that the government reduced the import tariff value of gold and silver to $418 per 10 gram and $699 per kg, respectively, in line with global rates of the precious metals.The tariff value, the base price at which the customs duty is determined to prevent under-invoicing, stood at $436 per 10 grams for gold and $702 per kg for silver during the last fortnight.

Due to a combination of factors, the value of the Euro is expected to depreciate relative to the United States Dollar in the next few days. The European Central Bank lowered its base interest rates to their lowest levels in many years due to an issue of stagflation (no growth, high inflation) which is expected to decrease the value of the currency further. Meanwhile, economic growth in the US has exceeded expectations, making it likely that the value of the Euro will fall very again very soon.

When it comes to the reasons of deflation most of the economists see it as a monetary phenomenon which is affected by demand and supply. If the supply of money is more than demand then the value of money increases and prices go up as a consequence. When the supply of the products are higher than demand it results with the mass production which leads to the fall of prices. Some people believe that the deflation occurs because of the mass production and falling the aggregate level of demand. The biggest effect of deflation is unemployement. Deefletion is more serious and dfficult than inflation. To prevent deflation first is give an upward push to the aggreagte demand by increasing government spending or the second they can increase the money supply by decreasing cash reverse ratio.

When it comes to the deflation some of the economists believe that it is a monetary phenomenon which is affected by supply and demand. The reasons that leads to deflation are if supply of money is less than its demand than the value of money increases and the prices would go up. If the supply of the product is more tha its demand then it will lead to the mass production which the large amount of products will lead the prices to fall immidietly. The biggest effect of deflation is unempoyment. Deflation is more diffucult and serious than inflation. To prevent deflation first give an upward push to the aggregate demand by increasing government spending or the secong they can increase the money supply by decreasing cash reserve ratio.

This article is about how South Africa's inflation rate is remaining in it's target range and their rand is gaining value. 

In the article the prices of coal change by Coal Ministry under CIL s price mechanism. As the result of that the prices went downwards. The new pricing mechanism was based on Gross Calorific Value which was more wşth the fossil fuel and more safe for people. The previous one was based on Useful Heat Value coal which was full of ash and moisture content.

This article is interesting because it talks about the inelasticity of tobacco. The article says that if the elasticity of demand is between 0 - 1 then it is inelastic and tobacco is 0.61. What this means is that although the price may change for tobacco, the demand remains relatively stable. This is cause for a lot of fluctuation because retailers realize they can change the price is maintain a demand. However, if the price were to increase drastically, this could bring the elasticity of demand above 1 and cause it to become elastic. 

This article is interesting because it shows economics and how it must adapt as well in order to better handle things that arise with the new century. It illustrates how economics as a study is not static

The article is talking about the programmers around the world have been churning out new digital currencies that try to improve on the concept of bitcoin, the hot but controversial virtual money that has swept the InternetAs questions still swirl around bitcoin's legality, many technology entrepreneurs are trying to sidestep the currency's pitfalls by devising new ways to make payments in a cashless futureThe online payment system viewed by many insiders as having the best chance of supplanting bitcoin, however, is not even on the list: Ripple. Founded in San Francisco by former bitcoin developers, Ripple holds out the promise not just of a new currency, but also of a novel method to send money around the world. With that potential, it is winning something that has proved elusive for virtual currencies: involvement from more mainstream players in the financial system.

Money has become virtual with the introduction of virtual currencies such as bitcoin and ripple. Through sites such as bitcoin and ripple, which were the forerunners for online currencies, people can invest, transfer and convert money on the web with ease. It is simple and efficient. It is similare to an online bank. Bitcoin producer states that he made bitcoin to provide a more efficient "way to send money around the world". True to his word, it is efficient. A person interested in sending money online can open a bitcoin account. The individual would than transfer the amount of money he/she wishes to send to his account and send it to the designated individual person or place. Of course this transaction is not free, it requires bitcoins. A bitcoin is essentially 1/1000 of a penny. Amazing right. However, virtual currency is not real. If the police and government decide to crack down , the system will have to shut down. But for the most part, it seems they dont have the intention to.

Money has become virtual with the introduction of virtual currencies such as bitcoin and ripple. Through sites such as bitcoin and ripple, which were the forerunners for online currencies, people can invest, transfer and convert money on the web with ease. It is simple and efficient. It is similare to an online bank. Bitcoin producer states that he made bitcoin to provide a more efficient "way to send money around the world". True to his word, it is efficient. A person interested in sending money online can open a bitcoin account. The individual would than transfer the amount of money he/she wishes to send to his account and send it to the designated individual person or place. Of course this transaction is not free, it requires bitcoins. A bitcoin is essentially 1/1000 of a penny. Amazing right. However, virtual currency is not real. If the police and government decide to crack down , the system will have to shut down. But for the most part, it seems they dont have the intention to.

This article takes about the Reserve Bank has turned to a growth. The author explains how the aggregated demand (even not visible) isn't the main factor.

This article is fairly recent and introduced me to another way of measuring economic growth in industries. the IIP stands for the Index for Industrial Production and it is discussed in the article that this value has corresponded to what has been expected, a negative number that is close to zero. This however is because there are many factors that are affecting aggregate supply, such as wage price inflation and the increase in land, a factor of production. However the author doesnt seem to be too worried about aggregate supply, rather He is worried that aggregate demand is on its way down.

This article talks about an increase in wages in India and that land prices is a key factor in wage changes. Also they are talking about a reserve bank, how it turned to grow and essential role of aggregate demand in it operating.

This article mainly discusses the economic policies of Representative Paul Ryan involving his concerns that continuing budget deficits will eventually lead to high rates of inflation. The author evaluates a theory regarding the importance of government policy on the price level of the economy. The view states that there is only one point of equilibrium in the macroeconomy where Aggregate Supply will equal Aggregate Demand, and the changing policies of the government play a crucial role in meeting that equilibrium by affecting not only the value of business assets but also people's expectations.