If your currency is too strong, it becomes hard to export goods to other countries. It can wreak havoc on domestic industries. This is why countries like Norway and Saudi created sovereign wealth funds to invest elsewhere, to prevent this from happening.
If your currency is too strong, it becomes hard to export goods to other countries. It can wreak havoc on domestic industries. This is why countries like Norway and Saudi created sovereign wealth funds to invest elsewhere, to prevent this from happening.
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