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Q: why the usa dollar is down this time in china

14 years 47 weeks ago in Money & Banking - China

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ysfcachcach

Posts: 12

Shifu

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it depend of the price of gold and petrol in world

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14 years 47 weeks ago

god will bless all

TedDBayer

Posts: 9192

Emperor

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if the RMB goes up so will inflation, China does import alot, Exports will be hurt if RMB goes up

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14 years 47 weeks ago

beaufortninja

Posts: 1197

Emperor

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Watch out! I've encountered a few places where they decrease the exchange rate to make money. Example. Say the exchange rate is supposed to be 6.3rmb per 1USD. They'd list the rate as 4.5rmb per 1USD. Just always try to be up to date for the rates. Check it once a month.

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14 years 47 weeks ago

xerxes

Posts: 316

Shifu

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trade deficit and pressure from america side as well, USA is suffering with artifical currency game

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14 years 46 weeks ago

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