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https://www.aljazeera.net/ebusiness/2021/5/8/البلدان-النامية-تقع-في-مصيدة-مراكمة
Developing countries fall into the trap of accumulating foreign exchange reserves .. What about China?
The international monetary system suffers from several imbalances that reinforce the monetary instability of the global economy.
Since the eighties of the last century, the world has witnessed a frantic race towards the accumulation of foreign exchange reserves (Getty Images)
Hafez Edokraz
8/5/2021
suffering system International monetary - in its current form - from several imbalances that reinforce the monetary instability of the global economy, since the collapse of the monetary system emanating from the "Bretton Woods" agreement in 1971 after the declaration of former US President Richard Nixon that the dollar was not convertible into gold,
then the signing of the "Jamaica" agreement in general 1976, which officially ended decades of fixed exchange rates among major international currencies, and international monetary relations became synonymous with instability.
Many countries across the world have experienced financial monetary crises that resulted from this instability in recent decades.
Developing countries fall into the trap of accumulating foreign exchange reserves .. What about China?
The international monetary system suffers from several imbalances that reinforce the monetary instability of the global economy.
Since the eighties of the last century, the world has witnessed a frantic race towards the accumulation of foreign exchange reserves (Getty Images)
Hafez Edokraz
8/5/2021
suffering system International monetary - in its current form - from several imbalances that reinforce the monetary instability of the global economy, since the collapse of the monetary system emanating from the "Bretton Woods" agreement in 1971 after the declaration of former US President Richard Nixon that the dollar was not convertible into gold,
then the signing of the "Jamaica" agreement in general 1976, which officially ended decades of fixed exchange rates among major international currencies, and international monetary relations became synonymous with instability.
Many countries across the world have experienced financial monetary crises that resulted from this instability in recent decades.
