Drama currency meltdown in Asia

Finansy09-07-2008 Drama currency meltdown in Asia The dollar looks too weak? Many Asian economies can only smile at this. National currencies of South Korea and Thailand have lost much more than "American." Do not help even the capital of intervention. Energy prices soaring, food becomes more expensive. What the order of tired industrial countries, it is much harder is perceived by many developing countries, such as in Asia. Expenditure on oil and food prices make up a large portion of imports coming mostly from the United States. For the national currencies of Asian countries came the bad news. Because financial transactions are in dollars, demand for the "American" is growing, which is directly proportional to the impact on exchange rates. Since the beginning of the year compared with the dollar Thai baht has lost 11.4%, South Korean won - 10.24%, Philippine peso - 9,4%, while the Indian rupee - 8,6%. South Korea: vice finance minister must go