Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (35505)	6/29/2003 11:09:43 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

Hi CB: devalue / revalue terms are used when pegs get changed. Given de facto reference position of US$ that always means in relationship to US $. So if the Bank of China would decide to do it, it would move Yuan to 8.1620 (for instance) - and it would be a revaluation, because you would need less Yuans for a dollar. >>Good for the Chinese. Why should they change?<< not yet, but some time down the road, they'll get bloated beyond any reasonable limit by the green paper they're getting now for their shipments - it looks like but isn't Japan II.

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