Quote:
Originally Posted by admiral  Chief;
It is vica versa , when a currency appreciate the inflation will go down ,because the price of imported goods will drop due to the appreciation of the currency .
The country that will start to suffer from inflation is the USA , because of its currency depreciation , which will lead to higher prices of imported goods from abroad . |
Imported goods will be more expensive to the US consumer. On the other hand, it's easier for them to export goods...
One important thing is to look at how all of this affects the Lebanese economy. We are tied to the USD, since most of our imported goods come from europe (Italy mainly), expect things to get more expensive in Leb.
Also, the price of oil at the pump will also increase (and no, it's not Sanioura
).
I think Lebanon should reconsider the value of the Lebanese Lira. This LL USD fixed rate sucks. We need strong economists and a system that allows them to work....