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Hong Kong keeps its dollar stable by backing each dollar's worth of local money by one American dollar of reserves.
ECONOMIST: East Asia
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OFFICIALLY, one American dollar will buy you 55 of the Zimbabwean kind.
ECONOMIST: Zimbabwe��s beans and bicycles
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On Friday November 14th currency markets ground to a halt after the Zimbabwe dollar tumbled from 14 to one American dollar to 26-to-one.
ECONOMIST: Zimbabwe’s power failure | The
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Hong Kong manages its exchange rate through a currency board, which holds one American dollar to back every 7.8 dollars in Hong Kong's money supply.
ECONOMIST: Hong Kong after Peregrine: Scaring the bears | The
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Since Zimbabwe's inflation is a tad higher than America's, nobody wishes to surrender hard currency at the official rate of 55 Zimbabwe dollars to one American dollar.
ECONOMIST: The pros and cons of opting out of the global economy
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On October 1st alone, the value of the Iranian rial declined by some 17 percent, collapsing to 34, 700 to one American dollar. (It has since reportedly fallen still further).
FORBES: The Contours of Iran's Currency Crisis
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Mr Summers strongly denied one potential self-interested motive for a weaker dollar: to help the American stockmarket by improving the prospects of leading multinationals such as Intel, McDonald's, and Gillette, whose dollar profits from Europe have suffered from the weak euro.
ECONOMIST: Gambling with the mighty greenback | The
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The loonie (so named for the bird on the one-dollar coin) has soared from a record low of 62.1 American cents in January 2002 to over 74 cents this week, its highest level in six years.
ECONOMIST: Canada's economy
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At the Carlos III dollar-only shopping mall, one of many that have opened in Havana, windows are filled with American brands, such as Reebok, Nike and Coca-Cola, at prices unaffordable on ordinary Cuban salaries.
ECONOMIST: Cuba