71. The widening U.S.-Japan trade gap has led U.S. Treasury Secretary Robert Rubin to say that neither Japan nor the U.S. should use their currency to boost exports. 72. The widening U.S.-Japan trade gap led U.S. Treasury Secretary Robert Rubin to say that neither Japan nor the U.S. should use their currency to boost exports. 73. There are four advantages for a country of having its currency used internationally. 74. Three currencies are used in Cuba -- the Cuban peso, the U.S. dollar and the convertible Cuban peso which is traded on par with the dollar. 75. To use the currency, one has to add an imaginary zero to the end of every bill. 76. When sterling falls, cocoa becomes more attractive to investors who use other currencies because it is priced in the British currency. 77. OPEC has been hit by the recent weakness of the U.S. dollar, the currency used for trading oil on world markets. 78. Others will keep on using existing currencies. 79. Philippine president Fidel Ramos said in a separate Press conference that Japan should consider using local currencies when trading with countries in the region. 80. A proposal to use local currencies instead of U.S. dollars in trading within Southeast Asia is not viable, a Philippine official said Tuesday. |