Life is about Having Fun

Reading a news at newpaper today edition page 17.

Heading: Will euro replace ailing US dollar?

Recently I heard people buying 'Dinar' because the public are speculating it will be the next currency to rise in folds.

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It was mentioned in the paper that currency traders and the Egyptian street hawkers are looking to euro as a better store value as US dollar keeps dropping.

Suprisingly, 20 years ago, the same scenario has happened.

quoted from NYtimes query,

''I would characterize what's happening today as a basic inflationary thrust,'' said Joel Popkin, an economic consultant in Washington''This is going to be a year in which the Consumer Price Index gets above 5 percent.'' By comparison, it rose 4.4 percent in 1987 and the same in 1988.

The ECB board seat and professor at Belgium Univ said, "There was a talk then about other currencies replacing the dollar but it never happened"

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However, 20 years ago, the situation is different from now. Globalisation syndrome has spreaded and affected the economics of the world like a virus.

A few of people that i know start to get involved in forex trading. A new forex trading companies emerges since the strong 'volatilities' are observed in many major currencies.

The interest rate for Euro fixed deposit is 3.275% offered by local bank.

Will you start to save in other currencies?