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Category Archives: Finance
Indonesia cut the three digit currency
Indonesia has become the second country after Vietnam that use floating currency with a high value for money. Vietnam currently has the highest fraction of 500 000 Vietnamese Dong while the second position is Indonesia which has the highest fractional currency that is 100 000 IDR.
BI (Bank Indonesia) that regulate the financial system of Indonesia will perform simplification Indonesian currency or Redenomination which cut the value of fractional digits from the currency as much as three digits. Fractional 1000 IDR will become 1 IDR. Obviously with the same value for purchasing.
Solar Energy Against Nuclear Energy
Nuclear energy is the craving desire by the developed countries because its price may not be a favorite again, this statement can happen because of nuclear energy price rises. Nuclear energy prices become less competitive NY Time launched the U.S. financial markets will not finance the construction of nuclear energy.
Currently nuclear energy price rises faced with the decline in the price of solar energy, and would build an power plant that can save at least six hours after sunset.
India’s New Rupee Symbol
Thursday July 15, India’s cabinet has approved a new symbol for their currency, people will see their new currencies with a unique symbol following the currency of countries that have a special symbol such as the U.S. Dollar ($), European euro (€), British pounds (£) and Japanese yen (Â¥).
Economic Annual Growth target by U.S Government reduced to 1.6 percent of 2.4 percent
Positive reaction of the market economy came after Federal Reserve chairman, Ben S. Bernarke making a speech to the U.S. market. Before delivering the speech had predicted that the market growth would deteriorate.
As reported by NYTimes economic statistics sales and factory orders this week is worse compared to the month of July. Economists worried about employment prospects in the U.S. and this could grow worse.