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| The truth about China's currency The result was that foreign exchange reserves stabilized. A devaluation risks money leaving again, directly contrary to China's policy goals. What policymakers often fail to understand is Chinese currency policy is not a reflection of strength but weakness. Related, what mainstream economists often fail to ...
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| Nigeria central bank injected $210 mln into currency market LAGOS, April 24 (Reuters) - Nigeria's central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale market, ...
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| North Korea's Economic Crisis -- What Crisis? The most important price in any economy is the free-market exchange rate between its domestic currency and the U.S. dollar—the world's reserve currency. But, is there a free market for currency in North Korea? Well, yes, there is. North Korea has an active currency black-market where reliable North ...
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