https://mastodon.social/@MEActNOW/114145505386453986

Wow, what a thought. Ditch the #USD currency world wide and replace ‘foreign reserves’ with another - plenty of contestents in this currency ‘pegging’ game (though please let’s not make it a ponzi digital currency).

This is sure to hurt the #TrumpAdministration where it really matters to them. Canada is leading the way… China could do some real damage if it followed suit.
#Finance #ForeignReserves

#Agriculture is pivotal to #Pakistan’s economy, contributing 23 per cent to the #GDP & employing 37.4pc of the labour force. With 70pc of the country’s exports directly or indirectly linked to agriculture, disruptions in this sector can have profound #economic impacts. Recent #protests by #farmers, sparked by governmental policies & market conditions, have thrown the sector into #turmoil, exacerbating the ongoing challenges of #inflation & low #ForeignReserves.

https://www.dawn.com/news/amp/1832653

“Why the Philippines has so much foreign reserves”

https://www.youtube.com/watch?v=0DCDHKjCxfM

O_O

This is not my forte, but I think I now understand why my beloved country, the Philippines, was not as affected as any of our neighbours when it comes to “external shocks”.