MilitiaMan

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Article: “Lowering the price of the currency .. What are its implications for the national economy?” The adjustment to 1460 is a devaluation. They are not going into a market economy with that. They didn’t at 1190, so with the further negative adjustment they won’t either imo…the US FED RESERVE says they can…devalue and revalue. A revaluation to a supported market-based exchange rate can change things quickly and on many fronts.