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IMF warns countries against currency wars - FoxNews.com: "He says it would be a major mistake for countries to unfairly depress the value of their currencies to boost their exports"
Depressing a currency hurts the citizens of that country because it causes imports to be more expensive and therefore increases the cost of living. IMF acts as if depressing a currency only helps a country. :-/
Friday, October 08, 2010
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If the stated value, of “Federal” Reserve notes, declines enough with respect to copper and nickel, the 1946-2010 U.S. Mint nickels, composed of cupronickel alloy, could become somewhat rare in mass circulation.
The October 7th metal value of these nickels is “$0.060639” or 121.27% of face value, according to the “United States Circulating Coinage Intrinsic Value Table” at Coinflation.com.
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