Just like that, boom, devaluation happens, the snap decision of a desperate government with socialist desires to just give and give and give—but first it must take.
Venezuela just devalued its currency, the bolivar, by 46.69%.
If you as a Ven ...
Foreign Exchange Rates Articles
Blog Post - February 8th, 2013
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Blog Post - September 6th, 2011
The Swiss Franc—once considered by many as good as gold—has joined a long list of investments formerly known as “safe havens”—safe no more…
After viewing today’s Google Doodle commemorating the 65th anniversary of the late Freddie Mercury’s birth, Q ...
All terms: Central Banks, Currency, Euro, fiat currency, Foreign Exchange Rates, Government, Monetary Policy
Feature - December 22nd, 2010
The premise behind floating currencies is that allowing markets to determine currency exchange rates will rectify trade imbalances and ensure mutually beneficial global commerce. The only problem is, in the real world, floating currencies don’t really ...