Declaration of war exchange

Conflicts of interest led to the fight for cheap money. Brazilian Finance Minister Guido Mantega said that the global economy is in the war. Successful countries are vying with each other in the direction of lowering the value of their national currencies, which leads to higher profits from exports. This trend restricts imports and lower trade surplus. However, Brazil itself suffers from a weakening of its real. The Government has printed a large batch of their money. This was due to a significant strengthening of reals against the dollar, which prevents the domestic economy. First undervalued yuan has been recognized. U.S. for many years urged the Chinese government to send the currency to float freely in order to strengthen it up to market rate. The Chinese took this step by setting the bar for maximum vibration. As a result, the yuan so seriously and not put on weight. Because of the strong national currency this year alone affected Taiwan, Japan and South Korea. These countries have tried unsuccessfully to reduce their exchange rates. The other extreme is the loss of confidence and high risks of currency. This happened with the euro, which collapsed against the dollar before the course 1.35 due to problems in the Greek public debt. Cheap currency is a good factor for the development of national economy, focused on selling goods and services to other countries in the world. Many of the Russian financial experts believe that the Russian ruble as undervalued. Its real exchange rate against the U.S. dollar should be at level 1 to 20 instead of 1 to 30 as at present. This ratio is more beneficial to the economy, as sold overseas oil and gas returns to the country's budget rather than large sums than at the rate of 1 to 20. A similar situation occurs in other countries, where governments committed themselves to the weakening national currency, that Guido Mantega called "war of currencies".