Consistent appreciation of the domestic currency of a country’s currency has a major impact on the balance of payment in the short term but in the long run the automatic market mechanism leads to the readjustment of the BOP position. For instance, if the AUD significantly appreciate against the US $ then this means that less AUD will be required to obtain one unit of […]

China has quickly emerged as one of the most dominant economic forces of the 20th century. The exponential increases in production have vaulted the Chinese Yuan to the top of the basket of currencies that are currently being traded in the world market. Despite the efforts of Chinese officials to stem the rapid increase of the Yuan’s value over the years, the weakening dollar and […]

Gold is one of the oldest currencies known to man and is highly valuable as an inflation hedge. Earlier the governments around the world used to settle their debts through delivery of certain amount of gold. Even the US dollar was backed entirely by gold till 1971. But once the backing of gold from the dollar was removed the dollar was not worth a lot. […]

The BMW Group will expand production capacity at its US plant in Spartanburg from some 150,000 to 240,000 units by 2012. Plans for the expansion are already underway. Capacity at the Oxford MINI plant is to be increased to 260,000 units per annum—without making further investments in infrastructure. The BMW Group will take the first step towards expanding its capacity in China by raising it […]

Reappraisal on Currency Number Recognition Abstraction Over the past old ages, a great technological progresss in colour printing, duplicating and scanning, forging jobs arrived. In the yesteryear, merely the printing house has the ability to do imitative paper currency, but today merely by utilizing a computing machine and optical maser pressman at house, it is possible to publish imitative bank notes. Therefore the issue of […]

Foreign currency influences the trading merchandise in the economy. When the currency of an economy is weak against another economy, it affects the value of the exports and imports in the country. A weaker Euro, for example, implies that the imports will become more expensive while the exports become cheaper. The economic effect will be on the trade deficit that it will create on the […]

Kenya is an LEDC country in south east Africa. Kenya is famous for its ecotourism and safari holidays. Tourism to Kenya has existed mainly due to the arrival of long haul flights and more people wanting to see different cultures of the world. . This will mean more people are willing to travel to places like Germany, France and Spain without needing to worry about […]