johnmajor275
Badges: 5
Rep:
?
#1
Report Thread starter 3 years ago
#1
Hi Guys,

Prepping for the A-Level Economics exam. Do you guys have any examples of countries that have suffered from a foreign currency gap?

A lot of countries run trade deficits, but I can't find one that has suffered from the currency gap.

xox
0
reply
levdon01
Badges: 5
Rep:
?
#2
Report 3 years ago
#2
(Original post by johnmajor275)
Hi Guys,

Prepping for the A-Level Economics exam. Do you guys have any examples of countries that have suffered from a foreign currency gap?

A lot of countries run trade deficits, but I can't find one that has suffered from the currency gap.

xox
Hi, what do you mean by currency gap? I may be able to help but I will need clarification on what you mean first.

Kind regards
0
reply
BOBMABENA
Badges: 4
Rep:
?
#3
Report 3 years ago
#3
(Original post by johnmajor275)
Hi Guys,

Prepping for the A-Level Economics exam. Do you guys have any examples of countries that have suffered from a foreign currency gap?

A lot of countries run trade deficits, but I can't find one that has suffered from the currency gap.

xox
Algeria (Due to fallen oil prices) is a good example and so is Venezuela (Due to the hyperinflation), since their Governments have to use their foreign currency reserves to purchase vital imports and thus they are burning through their reserves. This leaves them at risk of not having enough foreign currency to do important things like paying interest on debt and importing food.
1
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Feeling behind at school/college? What is the best thing your teachers could to help you catch up?

Extra compulsory independent learning activities (eg, homework tasks) (18)
7.5%
Run extra compulsory lessons or workshops (35)
14.58%
Focus on making the normal lesson time with them as high quality as possible (43)
17.92%
Focus on making the normal learning resources as high quality/accessible as possible (34)
14.17%
Provide extra optional activities, lessons and/or workshops (63)
26.25%
Assess students, decide who needs extra support and focus on these students (47)
19.58%

Watched Threads

View All