The Yuan deals a nasty blow to the dollar, its value decreased by 11.2%, but the United States aren’t the only one with a decreasing currency value, Brazil, India,… also have to deal with it.
But what’s more miraculous is that most countries keep their currency value low, because it means they can pay back their debt to the United States cheaper and they will stay competitive on the export market.
China tries to succeed in taking down the dollar by swap agreements with some countries, such as Argentina, South Korea, … and it’s already doing well.
The question now is how can we defend ourselves against the low dollar value, maybe we should get out of the dollar and switch it for gold.
Elien De Clercq
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The Yuan deals has dealt a nasty blow to the dollar, its value decreased by 11.2%, but the United States aren’t the only one with a decreasing currency value, Brazil, India,… also have to deal with it. bad flow, not a coherent sentence But what’s more miraculous is that most countries keep their currency value low, because it means they can pay back their debt to the United States cheaper and they will stay competitive on the export market. China tries to succeed is trying to succeed in taking down the dollar by swap swapping agreements with some countries, such as Argentina, South Korea, … and it’s already doing well.The question now is how can we defend ourselves against the low dollar value, maybe we should get out of the dollar and switch it for gold. very incoherent sentence
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