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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: Devaluation of Chinese Yuan to worsen cedi's p

Author:
Swedru
Date:
2015-08-18 22:39:05
Comment to:
Re: Devaluation of Chinese Yuan to worsen cedi's p

What you say doesnt make sense. The USD will get stronger because of higher demand (more people around the world using USD to buy more from China) so you will need more CEDIs to buy USD, the imports will be cheaper but the dollar more expensive, so everything will stay the same.

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Swedru on Aug 18, 2015 22:39
Re: Devaluation of Chinese Yuan to worsen cedi's p