Manipulate currency attestation easily

Aug 6th, 2022
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How to manipulate currency attestation

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Its been one of Trumps favorite accusations toward other nations. Currency manipulation. A currency manipulator. China is a currency manipulator. But how can banknotes like these, be manipulated? Lets break it down. One example of currency manipulation is what a country might do when it wants to minimize the effects of having a strong currency. Lets say for example, that one U.S. dollar is equal to ten dollars in the Republic of Monopoly and with ten Monopoly dollars, I can buy one cup of coffee from the United States. Now imagine that gradually inside the Republic of Monopoly, the economy starts doing very well and is extremely stable. The currency naturally could rise against all other currencies. So now that one U.S. dollar only earns you eight Monopoly dollars instead of ten. For me to buy that same cup of coffee from the United States, I only need to pay eight Monopoly dollars. So, its cheaper for me. So, this currency has become more valuable. My citizens have more spending

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By buying foreign currency in the market, a country can artificially change the price of its imports and its exports. Countries do so to boost their own exports, especially if they otherwise have trouble generating the demand their economies need to grow.
By buying foreign currency in the market, a country can artificially change the price of its imports and its exports. Countries do so to boost their own exports, especially if they otherwise have trouble generating the demand their economies need to grow.
Currency devaluations can be used by countries to achieve economic policy. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts.
By buying foreign currency in the market, a country can artificially change the price of its imports and its exports. Countries do so to boost their own exports, especially if they otherwise have trouble generating the demand their economies need to grow.
WASHINGTON, Nov 10 (Reuters) - The U.S. Treasury Department on Thursday said no major U.S. trading partner manipulated its exchange rates to gain unfair competitive advantage through June 2022, but said it would stay in close touch with Switzerland on its currency practices.
Currency manipulation is a policy used by governments and central banks of some of Americas largest trading partners to artificially lower the value of their currency (in turn lowering the cost of their exports) to gain an unfair competitive advantage.
File reports of cash transactions exceeding $10,000 (daily aggregate amount); and. Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion).
for cash of $3,000-$10,000, inclusive, to the same customer in a day, it must keep a record. more to the same customer in a day, regardless of the method of payment, it must keep a record. a record. The Bank Secrecy Act (BSA) was enacted by Congress in 1970 to fight money laundering and other financial crimes.
Essentially, any transaction you make exceeding $10,000 requires your bank or credit union to report it to the government within 15 days of receiving it -- not because theyre necessarily wary of you, but because large amounts of money changing hands could indicate possible illegal activity.
Simply explained, in order to weaken its currency, a country sells its own currency and buys foreign currency usually U.S. dollars. Following the laws of supply and demand, the result is that the manipulating country reduces the demand for its own currency while increasing the demand for foreign currencies.

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