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Originally posted by NumberCruncher
Irans dumping of the USD is in my opinion politically motivated (despite denying it), they have been converting reserves to EUROS for sometime now, as the USD continues to fall more organisations will reduce there holdings, which is a natural reaction to sell assets that are declining in value.
The US, which accuses Tehran of supporting terrorism and trying to obtain nuclear weapons, has sought to limit the flow of dollars into Iran.
It wants the United Nations Security Council to impose sanctions on Iran.
WASHINGTON - The Bush administration said Tuesday that China does not meet the technical requirements of a country that is manipulating its currency to gain unfair trade advantages.
source
Originally posted by Glyph_D
so if china doesnt meet the requirement to cheat, does that mean the US does, or am i reading this wrong?
Originally posted by NumberCruncher
The US could meet the requirement, it would be interesting to run the US against its own checkpoints from a Foreign Governments point of view.