All Questions
4 questions
4
votes
1
answer
55
views
What happened to the Zimbabwe cash dollar after the introduction of Dollarization?
Let's say, before dollarization, I owned 1 million Zimbabwean dollars in cash and the next day dollarization went into effect.
So in dollarization, the current Zimbabwean dollars will be invalid and ...
- 141
3
votes
2
answers
93
views
Will the value of ruble decrease in the long term if the sanctions against Russia are not lifted?
For simplicity, let's take the example of the USD-to-RUB rate. Currently, Russia manages to maintain it at around 60 RUB per USD. However, as far as I understand it, they manage to do it by selling ...
- 285
1
vote
1
answer
74
views
Mistake in Wikipedia article on Fixed exchange rate system?
I think there is a mistake in the following Wikipedia-article:
https://en.wikipedia.org/wiki/Fixed_exchange_rate_system
at figure 2 and 3.
I think the ECB has to BUY (not sell) the dollars as in point ...
- 11
0
votes
1
answer
21
views
Purchasing power of currency abroad
Say you have two countries A and B. Suppose we have a situation where country A's currency can purchase much more in country B than the other way round. What causes this phenomenen?
Is it possible ...
- 649