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Paul J

Giant Foreign Currency Purchases Show China Still Manipulating Yuan - 0 views

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    This article is an interesting one because it focuses on the political side of currency manipulation. It delves into how currency purchases can be used to put political pressure on a nation and to increase one's clout in the world as an economy to be reckoned with. The specific focus of this article is how china is using currency purchasing in order to have a political effect.  
Andrzej Z

CBN bans importation of foreign currencies - 0 views

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    It is an article about the Nigerian government that has banned the importation of foreign currency in order to protect the Nigerian currency. It is worth to point out that there were indications that the latest move was sequel to the bank's withdrawal of the operating licenses of 20 Bureaux de Change found to have purchased and sold huge sums of dollars with no documentation to show details of the transactions. The low value of the Nigerian currency has affecting negatively the society because more domestic producers are only accepting the dollar as a means of payment. The government reports that the continued import of dollars would have a devastated effect on the Nigerian economy because it would gradually become dorallized.
Benjamin D

Venezuela Slashes Currency Value - 3 views

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    This article gives an example of how the value of the currency may benefit the economy but also affect the economy in the short and long run. Venezuela has faced food shortages in the past years, so the government decided to devalue its currency, in order to ease this shortages that are progressively increasing. However, it is expected that this measure will increase inflation and eventually weaken the economy more than it already is. As bolivars are worth less, then less American dollars can be exchanged, affecting the economy and the shortages becauseless imports can be purchased, and some of these imports are really essential (e.g. cornmeal, chicken, sugar, etc), and as it is stated Venezuela is really dependant on imports. This is a perfect example of how a weak currency may be positive yet really negative at the same time.
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