Tag: currency

November 22, 2019 admin123@ No comments exist

Almighty The US dollar remains almighty.  It makes up 2/3 of international debt & 2/3 of global currency reserves.  Oil & gold are priced in dollars.  Kidnappers of ships & people demand dollars.  European firms buy European planes in dollars.  Even when the US is the source of the problem, as in the 2008 global financial…

November 11, 2019 admin123@ No comments exist

Euro Midnight 1 Jan 1999: Launch of the virtual euro in 11 European countries.  2002: € notes & coins start to circulate, & 1st purchase using them was on the French island of Reunion in the Indian Ocean – to buy 1 kg of lychees.  US$ – € exchange rate on 1 Jan 1999 was…