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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: profile_14 who wrote (91210)	9/27/2007 11:58:47 PM
From: Cogito Ergo Sum	Read Replies (1) of 206093

The times they are a changing... pimco.com n another important structural change, most EM countries have shifted from policies in which the value of their local currency was fixed relative to the U.S. dollar, to policies that allow the value of the local currency to change (or “float”) relative to the U.S. dollar. In 1996, more than 70% of developing countries pegged their currency to the U.S. dollar or ran fully dollarized economies. Today, 85% of EM countries allow their currency to float with little or no management. Also Syria recently dropped their peg and Kuwait also removed its currency's USD relationship.. blackie

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