Archive for October 21st, 2010

Currency wars and fading economic clout of the West

Thursday, October 21st, 2010

By Philip Fernando, former Deputy Editor, Sunday Observer, Sri Lanka Currency wars have heated up with charges that Chinese renminbi (yuan) is under-valued. The Chinese countered that banking policies and lowered interest rates in the West caused the trade imbalance. The exchange rate battle is seemingly indicative of the fading economic clout of many Western […]

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Human Rights Groups decline to testify before the Lessons Learnt and Reconciliation Commission !