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1 dollar stands firmly against 1 hryvnia. Why?
April 18, 2021 at 5:26 am
1 dollar stands firmly against 1 hryvnia. Why?
I am for the westernization of Ukraine. For the hryvnia to be strong
1 For Ukrainians, the main competitor is Russians
2 A strong army is good, but a strong currency is better
3 As a lawyer, I can develop legal services in Ukraine and Europe
4 In the UK, 75% of GDP is in the service industry
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RE: 1 dollar stands firmly against 1 hryvnia. Why?
April 18, 2021 at 5:34 am
(This post was last modified: April 18, 2021 at 5:42 am by Anomalocaris.)
How is a strong currency necessarily good? If strong currency is good, why has the US been accusing China for 20 years of artificially keeping its currency weak to hurt the US?
Also, if your idea is to peg the Ukrainian currency to the dollar, do you think the exchange value of currency can be maintained by fiat over the long run if the currency is freely exchangeable? If it is not freely exchangeable, and so susceptible to exchange rates set by fiat, how does that help you in branching out to Europe?
As to keeping the Ukrainian currency strong by pegging to the dollar, most economists thinks over the long ru. The dollar would be a relatively weak currency, because high debt level and low economic growth rate of the United States, the erosion of the dollar as the global reserve currency and main currency of international trade. Wouldn’t it be better to peg it a basket of currencies?
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RE: 1 dollar stands firmly against 1 hryvnia. Why?
April 18, 2021 at 7:06 am
(This post was last modified: April 18, 2021 at 7:28 am by Interaktive.)
Anomalocaris
then, I don't understand anything about economics
but in logic, I am a little tough
if, to paraphrase Keynes, then knowledge of the economy will not help you get rich by 100%
USA gets investment tribute, but Russia does not
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RE: 1 dollar stands firmly against 1 hryvnia. Why?
June 23, 2021 at 2:25 am
Why should Ukrainians communicate with Russians? It's unhealthy
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RE: 1 dollar stands firmly against 1 hryvnia. Why?
June 23, 2021 at 3:38 am
As Chuck said,
All fiat currencies are going down the shitter with all the stupid MMT global money spending. (govt debt).
Some do a little better than others by comparison to each other, but that just means one's erosion in buying power is slightly less shitty.
The "cheap labor" exporting nations will do a lot better this decade as they'll have trade surpluses against the weakening US dollar, hence dearer import prices.
No God, No fear.
Know God, Know fear.
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RE: 1 dollar stands firmly against 1 hryvnia. Why?
June 23, 2021 at 5:00 am
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Boru
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