Why does the Government not secure its federal trade debt in Yuan instead of the Dollar?

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Why does the Government not secure its federal trade debt in Yuan instead of the Dollar?

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All Forums >> [General] >> Current Events >> Why does the Government not secure its federal trade debt in Yuan instead of the Dollar?

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Why does the Government not secure its federal trade de... - 7/12/2008 1:35:41 AM

cybrjewls

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I do not fully understand the Economic implications involved in the 'trade deficit'.

However, I would like to discuss why the Government does not secure its federal trade debt in Yuan instead of Dollars? The Chinese 'peg' their currency rate and do not allow any relative market fluctuations except against other currencies as they move relative to each other. In other words, why grow the federal deficit if the value of the dollar depreciates over time while having an outstanding loan against it as a deficit to the Chinese when the instrument could be converted into Yuan and never float relatively against itself instead?

< Message edited by cybrjewls -- 7/12/2008 11:23:05 PM >

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