Re: Promote Peace: Boycott USA goods
John P. Mullen wrote:
> Rykk wrote:
>
>>
>> "John P. Mullen" <jomullen@zianet.com> wrote in message
>> news:41a3eea0@nntp.zianet.com...
>>
>>
>> Tut Tut. Apparently you didn't do your research. That link does not
>> even cover most currencies. It also doesn't provide year by year
>> comparisons to clarify whether a currency is pegged or not.
>>
>> see http://www.investopedia.com/articles/03/020603.asp. Even pegged
>> currencies can vary a bit.
>>
>
> Well, this link you supplied states, at the end:
>
> "Although the peg has worked in creating global trade and monetary
> stability, it was used only at a time when all the major economies
> were a part of it. And while a floating regime is not without its flaws,
> it
> has proven to be a more efficient means of determining the long term
> value of a currency and creating equilibrium in the international
> market."
> I take "was used" to mean currencies are no longer pegged.
All world currencies USED to be pegged to the USD. Now most are not.
>
> :-)
>
>> This link is much better
>> http://en.wikipedia.org/wiki/Table_of_historical_exchange_rates
>> Just look for the lines where the exchange rate vs the US dollar does
>> not change year by year. Just to name the top five from the list, the
>> East Caribbean Dollar, the Argentine peso, the Aruban Florin, the
>> Bahamian Dollar, the Barbadian Dollar. Note that the list in
>> alphabetical order, not in order of importance. Then there are the
>> countries that didn't even bother to have thier own currency. They
>> just use the US dollar.
>>
>
> Er, this is 1997 data. Care to move it up a decade?
Er. Says 2004 at the bottom. The left column is 2003. Moving it up a
decade (2013) would be difficult. But let me know when you do.
>
>
>> To name a few currencies that are pegged to the USD that you may have
>> heard of before include the: Chinese Yuan 8.2xxx, Hong Kong Dollar
>> 7.7xxx, Iranian Rial 7,900, Malaysia Ringgit 3.8, Netherlands
>> Antillian Guilder 1.79, United Arab Emirates Emirati dirham 3.6725.
>>
>
> You got something less than ten years old to support that?
Read the headers more carefully.
Rykk
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