07.06.2012 - Korea’s weak currency strategy
The value of the Korean won continues to fall and is soon likely to breach the threshold of 1,200 to the U.S. dollar. Hail to the almighty weak won. Countries once took great pride in having strong currencies. It was seen as a symbol of national vigor. That is no longer the case. Now many nations prefer to see their currencies decline as a means to boost economic growth. A weaker currency usually means bigger sales of their products overseas and more jobs at home...............................................Full Article: Source
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