I know people who bought dollar at 1.75-TL (turkish lira) at 2001 there, and dollar at 1.22 today... They wait yet... :)

Nowadays my people prefer € and TL...

>The value of the dollar fell and is now equal in value to the Canadian dollar for the first time since November 1976.
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>I can recall Nixon devaluating the dollar and the explanation that went along with it.
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>A short history of devaluation of the dollar:
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>• In 1934 FDR devalued the dollar by 41%.
>• In 1971 Nixon devalued the dollar by 7.9%.
>• In 1973 Nixon devalued the dollar by 10%.
>Nixon said he devalued the dollar to make us more competitive with other manufacturing nations. A cheaper dollar meant that more countries could afford to buy goods manufactured in the United States.
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>Devaluation for whatever reason is a two edge sword. It also makes it more expensive for the United States to purchase anything beyond our borders. Since little is manufactured in this country we can expect a greater deficit with China, the cost of foreign travel to be greater and so on.
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>http://cbs5.com/national/local_story_264021408.html
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>At any rate have a good Friday! :)