China is feeling the worldwide pressure to raise the value of its currency. After refusing to consider revaluation last fall, Chinese officials are now volunteering that they are studying the problem.
Despite still showing no signs of ever paying off, the Iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought and sold without ...
A little over six months ago, a friend called me up with a "surefire" money-making investment: put money on China allowing its currency, the yuan, to appreciate within the next eight months. My friend ...
The Bush Administration and the Chinese Government are off the hook, at least for now. The Fair Currency Alliance (FCA), of which AMT is a leading member, has decided against filing a Section 301 (of ...
DAMASCUS (Reuters) -Syria will issue new banknotes, removing two zeros from its currency in an attempt to restore public confidence in the severely devalued pound, according to seven sources familiar ...
According to both economists, the answer is NO. According to Stiglitz: "A 3% change on the foreign exchange rate does not have a significant effect" on the US trade deficit with China". Factories are ...
04 March 2007 Dubai: The UAE will not revalue its currency ahead of other GCC states, the Central Bank governor said yesterday. The continued decline of the dollar has weakened Gulf currencies, which ...
Setting aside the heated political debate, and looking just at economic considerations, there are strong indications that China would benefit from allowing the yuan to strengthen against the dollar.
WASHINGTON -- Pressure on China to allow its currency to rise in value against the dollar intensified on Wednesday with a prominent economist telling Congress that the Obama administration should cite ...
WASHINGTON (Reuters) - Senate Majority Leader Harry Reid urged Chinese President Hu Jintao to address his country's huge trade imbalance with the United States through a "significant revaluation" of ...