Bitcoin Forum
August 20, 2019, 07:52:48 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Israel decided to print billions of shekels - how will it affect exchange rates?  (Read 1005 times)
Technologov
Full Member
***
Offline Offline

Activity: 203
Merit: 100


View Profile
May 02, 2013, 09:35:12 AM
 #1

...and in Israel in the meanwhile the Gvmt. today (2.May.2013) just decided to print few dozens of billions of new shekels... (good time to buy a coin...)
Actually today.. they wanna up the deficit from 3% to 5%.
1. It means issuing more bonds at first
2. more taxes second
3. and probably also print some money, because economy will slow down (due to higher taxes)

Question is:

anyone knows how a deficit of 3% --> 5% will affect exchange rates to other (fiat) currencies ?
(obviously deflationary money like Gold and Bitcoin will rise much more...)
How to calculate / predict such stuff, long-term ?

-Technologov
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!