Dollars Rate on Resession
By 070707
@070707 (302)
Indonesia
October 11, 2008 10:24am CST
Dear Friends,
I just watch news on television, that our currency, Indonesian Rupiah (IDR) is weakening compared to USD currency. That mean, for each USD, we will get more cash (what a such speculant). Do you think those condition will continue for a quite long time? And what about the condition in your country? Is it time for us to facing that we will get a global crisis soon?
2 responses
@winzpc (2354)
• Indonesia
11 Oct 08
I think the condition will continue for a few days later. I guess that Dollar can break into Rp. 15.000. You can see what happen to Indonesian stock if the market is definitely open in Monday. But I hope my country can face and cross this crisis because this economis crisis not only happen in Asia but all this world.
keep post
happy myLotting...
@070707 (302)
• Indonesia
11 Oct 08
Okay, winzpc. Thanks for the sharing. Actually, I'm wondering with the causes. I hope, even I'll be more happy if my USD is worth more in IDR, but these crisis ended soon. Nobody wants it, do you? Nobody wants to be the happiest among the suffers. Okay. Have a nice myLotting ...
@parthag (145)
• India
11 Oct 08
Hi
This is due to the global financial crisis. If you want to print money you have to keep gold against. Moreover the value of money depends on the gross domestic product of any country. Now as the Head banks ( Fed of USA ) is injecting more money into the system so that there is liquidity in the system. I have just given you a brief explanation of why the value of some currency decreases. Now it would be better if you earn money in $$.
Best of luck
Parthag
