Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (34474)	5/28/2003 3:47:29 PM
From: ild	Read Replies (1) of 74559

<<<The USD has been the (second) defacto currency in China since 1982.>>> Jay, when did it become legal to have USD in China. In USSR having possession of a foreign currency could put in jail for long time. Right now Russia is completely dollarized. Most prices on durable stuff are in "units" where one "unit" is one USD. Most citizens and business people are still do not trust to Ruble and very suspicious about Euro. Everybody has Dollars and they want Dollar to be strong. In fact they are shocked to see USD sliding after USA has won the war.

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