In a surprising move, China has again this week moved to devalue its currency, the yuan. First acting on Tuesday in a nearly 2% devaluation, and again Wednesday with a devaluation of 1.6%, the government […]
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Tag: Currencies
Venezuela Quickly Ditching Its Own Currency In Favor Of U.S. Dollars
Venezuela looks to be going the way of Ecuador at the turn of the century as an increasing number of items are now only available for purchase in U.S. dollars and not the inflation-ridden Venezuelan […]