All Questions
27
questions
10
votes
9
answers
4k
views
Does it harm a country/society/economy to destroy a large amount of their money?
How might it harm a society to destroy some of its money? (For example, by burning a large quantity of cash.)
- 2,731
1
vote
2
answers
357
views
Why is the composition of China's foreign exchange reserves classified information?
The exact composition of China's foreign exchange reserves is
classified information.[7][8] In July 2019, China's State
Administration of Foreign Exchange announced that at the end of 2014,
US dollar ...
- 45.4k
1
vote
2
answers
678
views
Why won't China reduce its exposure to US dollars after all this talk of decoupling?
As Treasury yields soar, however, that thinking may be changing - the
two-year is up 50 basis points this month and close to November's
15-year high of 4.88%, while the 10-year is up 40 basis points ...
- 45.4k
3
votes
2
answers
330
views
What advantages does China benefit from hiding a large amount of currency reserve from the rest of the world?
https://www.bloomberg.com/news/articles/2023-06-30/china-has-3-trillion-of-hidden-currency-reserves-setser-says
China is sitting on a $6 trillion pile of money, half of which is
“hidden,” and that ...
- 45.4k
5
votes
1
answer
237
views
What is the effect of removing certain denomination of a currency?
About yesterday the Indian government withdrew 2000 rupee notes in circulation ref. Typically, when stuff like this happens, the explanation is that the attempt is to combat black money. This answer ...
- 3,287
5
votes
1
answer
258
views
What are the pros and cons that a new common currency for Latin America bring to the region?
https://www.weforum.org/agenda/2023/03/what-do-talks-about-a-south-american-common-currency-say-about-globalization/
Argentina and Brazil recently announced preliminary plans to form a
common ...
- 45.4k
57
votes
14
answers
12k
views
How is printing money different from taxing people?
From what I understand, printing money gives the government more money while, in time, decreasing the value of the rest of the money in circulation (or reducing how much the value of the currency ...
- 641
27
votes
7
answers
6k
views
Is the Ruble exchange rate a reliable indicator of economic stability in Russia?
Back in February 2022, it seemed like the Ruble would rapidly collapse. However, nowadays, the USD/RUB exchange rate looks better than at any time in the past year:
You could argue that this is a &...
- 51.4k
-1
votes
1
answer
120
views
What checklist a country would have before making bilateral currency exchange with Russia?
Bilateral currency exchange like in between India or China with Russia at this moment is risky because the currencies would be pegged to Euro when the Rouble is losing value more than the former two's ...
- 2,363
13
votes
1
answer
369
views
How has demonetization affected India in hindsight?
On 8 November 2016, the Government of India announced the demonetization of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes ...
- 3,287
6
votes
1
answer
614
views
Why is Switzerland holding such a large foreign exchange reserve?
According to Wikipedia's List of countries by foreign-exchange reserves:
Why is Switzerland holding such a large foreign exchange reserve? Asian countries decided to maintain a large foreign exchange ...
- 45.4k
4
votes
2
answers
539
views
What interventions could decrease the price of Bitcoin? [closed]
The high value of some cryptocurrencies, in particular Bitcoin has had the effect of causing a significant increase in the demand for electricity leading to increases of carbon emissions. (See https:/...
- 2,304
30
votes
7
answers
4k
views
Why is using the euro instead of a local currency such a big deal and why is the wealth of the society an argument?
I think this is a question of both economics and politics, but I decided to ask it here.
There will soon be elections in Poland. There was a debate about this question: should Poland keep the złoty (...
- 417
7
votes
3
answers
665
views
What are the benefits of a national cryptocurrency?
I have read about the Marshall Islands partnering with the company Algorand to produce their own cryptocurrency that will act as the nation's official currency. Is there any special benefit from ...
- 6,354
3
votes
1
answer
167
views
Has the Thai government taken a position on the strength of the Thai Baht?
According to CNBC in late July 2019
The Thai baht has soared against the U.S. dollar this year, significantly more than many other emerging market currencies.
[...]
“Policymakers and exporters in ...
JJJ♦
- 39.1k