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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jack Clarke who wrote (369)1/3/1998 3:54:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 9980
 
Jack, our currency went from 220 yen to the dollar to a low of 80 yen to the dollar, I would rate such a change as devaluation. Other people would say that gold was once $35/once and now it is about $300/ounce, and some people would call that devaluation as well. I believe that the comment was made in that context.

Zeev



To: Jack Clarke who wrote (369)1/3/1998 3:59:00 PM
From: RagTimeBand  Respond to of 9980
 
Jack:
>>I wasn't aware that our currency had ever been devalued? When did it occur, and what were the results?<<
Zeev's response hit the nail on the head.

Regards - Emory


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