#currency

China’s economy is slowing down. What does that mean for Germany?

How often have you opened your wallet or purse, taken out any banknotes and then instead of spending them or paying them into your account, actually studied them? I too have not spent hours of my day examining the pieces of paper/cotton/melting polymer which allow me to pursue my acquisitive tendencies. But a couple of […]

On Saturday’s parliamentary elections in Iceland, two center-right parties seized power from the incumbent Social Democrats. Iceland Review states that the Independence Party won a reported 28.5 percent of the vote, while the Progressive Party won 25.2 percent. What does this mean for Iceland’s Arctic strategy and the region at large? The EU dimension First of […]

In early March, a few outspoken voices in Iceland, a country not known for its stable economy in recent years, floated the idea of switching from the krona to the Canadian dollar. The leader of the opposition Progressive Party, Sigmundur Gunnlaugsson, said, “If we are going to adopt another currency, then the Canadian dollar looks […]

Vietnam – Well it finally happened. Vietnam devalued its currency, again, this time by 5% and increased its interest rates by 1% (moving it to 8%).  This is the 3rd devaluation of the Vietnamese Dong since June of 2008.  This blog reported that Vietnam was having some currency liquidity issues for awhile, but they were […]

The president of the World Bank said that America’s days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position as the euro and the Chinese renminbi assume bigger roles.