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User_gary Posted 18 years ago
Grammar
weaknesses in the currency unit
Besides the FIIs pulling out, there is dollar demand also from the State-owned oil importers. So long as the global financial turmoil persists, the central bank will keep offloading greenbacks.
Its foreign exchange reserves kitty is already slimmer as a result. Whether this gathering trend marks a sudden reversal of the phenomenon of rising foreign exchange reserves bears watching.
But one thing is for sure. There's not much that can prevent weakness in the currency unit in the period ahead.
Could you explain the emboldened parts to me?
Its foreign exchange reserves kitty is already slimmer as a result. Whether this gathering trend marks a sudden reversal of the phenomenon of rising foreign exchange reserves bears watching.
But one thing is for sure. There's not much that can prevent weakness in the currency unit in the period ahead.
Could you explain the emboldened parts to me?
Top answer
The US dollar (or whatever currency is being discussed) becoming less valuable.
- The US dollar (or whatever currency is being discussed) becoming less valuable.
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1 Answers
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The US dollar (or whatever currency is being discussed) becoming less valuable.
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The US dollar (or whatever currency is being discussed) becoming less valuable.
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