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  1. #4891
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    Quote Originally Posted by PICHARDO View Post
    Misleading as always!

    It was stated that the DR gov undervalues the DR peso in order to have a competitive edge in the exports market, nothing more, nothing less. The actual index for the DR pesos VS the US dollar can be easily obtained by forex values in the last 10 years with 10 other US dollar to FOREX countries values.

    The US has been pushing the DR (via the IMF which is why the DR halted the loans and offers from the IMF for several years now) to adopt a more liberal (read REAL) exchange format.

    The DR is NOT competitive when compared to other equal or lesser export markets in the region. In fact, it's because of the undervalued pesos that the export sector is still holding on.

    I have posted here plenty a times about clear indications to this, based solely on a YEN to USD to DOMP comparisons at the FOREX with high aberrations.

    If the DR allowed for a true FOREX based on a real floating value, the exports would drop by half within a year. Not to mention the hit to the flourishing tourism industry.

    It's that simple, yet so hard for nay-sayers to grasp!
    You said a hell of a lot of nothing - for my stupidity to comprehend so, could you please explain with details and simplicity - how exactly is it that a country willfully would undervalue their currency, to gain what?

    Make it simple dude, I'm an idiot - go.

  2. #4892
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    Quote Originally Posted by Wishing you well View Post
    You said a hell of a lot of nothing - for my stupidity to comprehend so, could you please explain with details and simplicity - how exactly is it that a country willfully would undervalue their currency, to gain what?

    Make it simple dude, I'm an idiot - go.
    Many countries purposefully undervalue its currency. Russia. China.

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