WHAT IS CURRENCY WAR ?????

1...Competitive devaluation of currency among the nations is called currency war.It is a condition in the international affair where countries compete against each other to achieve a relatively low exchange rate of their own currency.It results in expensive imports.Domestic industry gets boost by using local material and its demand internationally.Pakistan can not make use of it because we have closed our industry due to energy crises.Price increase in imports will damage the purchasing power of common man.General decline in trade will also harm the nations.

2...Currency war accrued in 1930 and all countries abandoned gold standard. Now currency in the world is not backed up by gold reserves.Now no where in the world currency note can be replaced by the gold by any Government....See your own currency note word GOLD do not exist....Currency note is exchanged by gold at Goldsmith shop only not by the Government office.

3...Chines define currency war as....Bankers lend to emerging countries and then speculate against the emerging state currency by trying to force it down in value against the wishes of that state Government.

4...Others define as.....Efforts of a state monetary authorities to protract its currency from forgers,simple criminals and the enemy agents of foreign Government.This we can observe in our country. Every now and then our currency is being devalued by the enemy agents as our financial managers could not give any justification.

5...We need all financial matters be processed through NA and all LOANS be presented as loans bill.Special financial laws required to counter the financial damages to the nation.

6...Our elected leadership is not in habit of reading.They are totally ignorant and void of financial matters knowledge.So they can not make laws to control the financial loss to the nation.

7... Under the existing system where we do not have effective financial policies,SOPs to fight the financial crises and financial reserves we can not fight our currency war,,,,rather we are suckling baby to face such financial external aggression.

8...Pl get in to the habit of reading financial matters....it is not a rocket science and think for the better financial condition of the country......THE ONLY PROBLEM WE HAVE ....