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Business News Tue, 18 Aug 2015

Devaluation of Chinese Yuan to worsen cedi's plight

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Comment: Re: This is hogwash

Author:
Swedru
Date:
2015-08-18 14:48:47
Comment to:
This is hogwash

When you pay for imports from China you pay in USD therefore increasing their demand and increasing its value versus the CEDI (Which nobody wants). What we are talking about here is the value that a local currency has compared with an exterior one, not the internal value.

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Swedru on Aug 18, 2015 14:48
Re: This is hogwash