Every part of the globe is complaining of a common
ailment - currency crumbling. Of course we'll spot the
ailment as economics.
A subject that affects everyone. Lots of arguments as to
solutions That also involves almost everyone offering
free. opinions.
From elementary economics we know the roles of CBNs,
that it includes monetarism and demand management.
Rising inflation has spread and become palpably present
in the global economy. Consequently most nation's CBs
reacted similarly by raising rates. Rates influence cost of
borrowing and that way passed on to the consumers.
It was miscalculation arising from inflation that led to the
fall of Liz Traus' UK government formed on the basis of
substantial tax cuts.
Bank of England's response was unprecedented raise of
interest rate that threw the economy out of balance.
On Friday 28/10/2022 USA Federal Reserve raised rates
by 75 basis points, the highest it's been since 2008.
Sequel to that, an extraordinary meeting was held in
Washington, November 2, 2022. In attendance were the
Federal Reserve, Comptroller of currency, IMF, World
Bank and Governors of Central Banks of African
countries.
The issue agreed upon was US monetary policy that from
31st January, 2023 only recent $ currency from 2021 will
be in circulation and acceptable. The implication is that
currencies bearing earlier printing dates would become
unacceptable.
You see the cloud of economic uncertainties surrounding
us? Just as stated above, everyone everywhere is
involved as global economic crisis looms.
Any remedy in sight? Not in the nearest future. But to be
aware of developments and maneuvers IDEA WORKSHOP
has step-by-step guide as to how not to fall victim.
The report will be valuable asset for your entire business
and social life through the year and armed to enter 2023.
DM for interest to receive the report.
Your success.
