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Brazilian Finance Minister Guido Mantega, who made headlines when he raised the alarm about a currency war in September 2010. Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies.
In May 2011, a second sequel, Currency Wars 3: Financial High Frontier (Chinese: 货币战争3：金融高边疆), was published by Yuan-Liou Publishing (ISBN 978-9573267843). It discusses more specifically modern Chinese history, from Chiang Kai-shek to the depreciation trend of the U.S. dollar in the long term, seen from a currency war ...
Ngô Đình Cẩn (Vietnamese: [ŋo˧ ɗɨ̞̠n˦˩ kəŋ˦˩]; 1911 – 9 May 1964) was the younger brother and confidant of South Vietnam's first president, Ngô Đình Diệm, and an important member of the Diệm government.
Covert sites of the Laotian Civil War were clandestine U.S. military installations for conducting covert paramilitary and combat operations in the Kingdom of Laos. Airstrips within the Kingdom of Laos were originally designated by Air America as "Site XX" (with XX being a number). In September 1961, the designation changed to "VS XX", meaning ...
The inspiration to introduce the văn may have been to emulate the Chinese wén used on contemporary Qing dynasty cash coins which had just become a fiat currency, however unlike the Chinese system where all Chinese cash coins were cast from the same metals and the wén was the primary unit of account for coins made of the same metals, the ...
Early gunpowder weapons played a major role in the conflict, enabling Đại Việt's aggression. Early success in the war allowed Đại Việt to capture the Lao capital of Luang Prabang and destroy the Muang Phuan city of Xiang Khouang. The war ended as a strategic victory for Lan Xang, as they were able to force the Vietnamese to withdraw ...
In the middle of October 2010, finance ministers gathered in Washington, D.C. for the 2010 annual IMF and World Bank meeting, which was dominated by talk of currency war.. Just prior to the IMF meeting, the Institute of International Finance had called for leading countries to agree on a currency pact to aid the rebalancing of the world economy and to avert the threat of competitive devaluati
Location: South Vietnam Reason: currency unification Ratio: 1 new dong = 0.8 liberation dong: Preceded by: No universal currency Reason: Vietnamese invasion of Cambodia Note: It is unclear whether the North, the South dong, or nothing at all was used after the invasion in January 1980 and before the issuance of a united dong in May: Currency of ...