Monday, November 29, 2004

Google Answers Research: China's currency peg

One of the most talked about issues in the global economy right now are the effects of a pegged or fixed Chinese currency, the yuan, to the US Dollar. Americans say that this is one of the factors making it difficult for the US economy to recover.

But how does China pegged it currency to the US Dollar in the first place? My next Google Answers Research shows how China and other fixed currency system countries maintain the level of exchange rate they desire.

The process is not for the weak of hearts.

Google Answers: China's currency peg


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