Wed, Dec 8, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | New Category more

Global currency wars rage, but Turkey remains steadfast

Posted on 25 November 2014

Currency wars, with their dangerous consequence, global deflation, are raging across the globe. The term “currency war,” coined by the Brazilian Finance Minister in 2010, refers to competitive devaluation – central banks employing loose money policies that push their national currencies lower in value than others.
“Currency wars mean exporting deflation,” said Shweta Singh, a senior economist with Lombard Street Research. “Cheaper currency allows countries to export at lower prices; country after country in the past few months has been trying out this strategy. But the Turkish economy seems to be holding its own.”…………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2021
S M T W T F S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031