[Mb-civic] BBC E-mail: Q&A: China revalues its currency

[Hecate]

Hecate saw this story on BBC News Online and thought you
should see it.

** Message **
So China may start to switch from holding dollars to holding other types of currency, for example the euro, which could lead to a sharp fall in the value of the dollar. 

It could also make it more difficult (or expensive) for the US government to finance its massive budget deficit


** Q&A: China revalues its currency **
BBC News website explains the significance of the Chinese move to revalue their currency.
< http://news.bbc.co.uk/go/em/fr/-/2/hi/business/4703471.stm >


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