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(Business Insider)   China orders its banks to dump the dollar   (markets.businessinsider.com) divider line
    More: Facepalm, Central bank, Federal Reserve System, offshore yuan, Monetary policy, Currency, Bank, Foreign exchange reserves, Dollar  
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1178 clicks; posted to Business » on 04 Oct 2022 at 5:18 AM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-10-04 6:28:19 AM  
4 votes:
Some major farkery is afoot.
 
2022-10-04 7:49:49 AM  
2 votes:

Arkanaut: Did Dark Brandon get China to help us reduce our inflation?


Would this do the opposite though?

Competitively strong American dollar means cheap imports (and more expensive to export) right? China doing this makes their currency stronger and ours a bit weaker- so good for our ability to export our products, but increases what we pay for imports (driving inflation up).

Somebody correct me if I'm wrong, my understanding of all this is not the greatest.
 
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