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currency

CURRENCY
Why some currencies are held at a low value by their government

Why some currencies are held at a low value by their government ?

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Economy

Some countries tend to maintain a low foreign exchange value to gain through international trade . Exporters prefer low value and importer prefer higher value. Iceland, Japan and Brazil had a policy of keeping the exchange value low to reduce the cost of exports, ultimately to benefit the economy.

Date Published: Dec 18, 2019

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