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QUESTIONS FOR TONY CC 05/11/15 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

QUESTIONS FOR TONY CC 05/11/15

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QUESTIONS FOR TONY CC 05/11/15 Empty QUESTIONS FOR TONY CC 05/11/15

Post by Ssmith on Mon May 11, 2015 10:11 am

TNT has a thread "Questions for Tony's CC".  This is a question that he'll never answer.

   
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Date: 06:29 AM May 11, 2015  

Could you please explain, what exactly is the benefit to the Iraqi people on exchanging their currency? I have heard many times that if the dollar devalues or appreciates. we in this Country, really won't be affected except as it pertains to imports becoming cheaper or more expensive! Thank You
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QUESTIONS FOR TONY CC 05/11/15 Empty Re: QUESTIONS FOR TONY CC 05/11/15

Post by chilimama on Mon May 11, 2015 10:21 am

IF IT'S IN THE FORUM IT'S HIGHLY UNLIKELY THAT IT WILL GET BROUGHT UP, HOWEVER IN THE EVENT THAT IT DOES, HE WILL JUST DANCE AROUND THE SUBJECT TO MAKE IT SEEM LIKE HE ANSWERED WHEN IN FACT HE DIDN'T.

QUESTIONS FOR TONY CC 05/11/15 Thats-a-great-question-doesnt-answer-it

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QUESTIONS FOR TONY CC 05/11/15 Empty Re: QUESTIONS FOR TONY CC 05/11/15

Post by Ssmith on Mon May 11, 2015 10:30 am

I think it's a great question.  Especially in relation to the VND going up.  Countries who do a lot of exporting want/need their currency to remain low.  A great example is China.
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QUESTIONS FOR TONY CC 05/11/15 Empty Re: QUESTIONS FOR TONY CC 05/11/15

Post by BritishBulldog on Mon May 11, 2015 11:52 am

@ssmith wrote:I think it's a great question.  Especially in relation to the VND going up.  Countries who do a lot of exporting want/need their currency to remain low.  A great example is China.

Which in logical thinking is completely ass backwards. If you're selling stuff, exporting, you want your currency to be high so you can get the most for it. 

Kevin gave a really good explanation of this in another thread. Basically the IQD going up in value wont effect the people in country in 95% of what they do. If they are buying imported good it may go down a little, but it isn't going to make a loaf of bread all of a sudden worth $750....
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QUESTIONS FOR TONY CC 05/11/15 Empty D

Post by Ssmith on Mon May 11, 2015 12:46 pm

@BritishBulldog wrote:
@ssmith wrote:I think it's a great question.  Especially in relation to the VND going up.  Countries who do a lot of exporting want/need their currency to remain low.  A great example is China.

Which in logical thinking is completely ass backwards. If you're selling stuff, exporting, you want your currency to be high so you can get the most for it. 

Kevin gave a really good explanation of this in another thread. Basically the IQD going up in value wont effect the people in country in 95% of what they do. If they are buying imported good it may go down a little, but it isn't going to make a loaf of bread all of a sudden worth $750....

China exports much more than they import.  Agree?

Assuming we do, please explain to me why they manipulate their currency to keep it low.
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QUESTIONS FOR TONY CC 05/11/15 Empty Re: QUESTIONS FOR TONY CC 05/11/15

Post by Kevind53 on Mon May 11, 2015 4:24 pm

China keeps the Yaun artificially low because it gives them a competitive edge in international trade. This is nothing new and in fact has been a sore point between China and the US for a number of years with the US and other countries accusing China of using unfair trade practices. China did make a few changes a number of years ago after the US threatened to take actions such as removing most favored nation status. Not good for the people perhaps, but the Chinese Government has never shown a lot of concern about that.

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