Re:First time in the country, ED raids a Bitcoin seller in A...
by r0h1n on Friday December 27, 2013 @12:36PM
(#6971608)
> The RBI has done a shitty job so far of regulating the Indian Rupee. I'm an Indian and my personal savings are now worth 30% less since 2009 on a global level (USD->INR went from Rs. 43 to a dollar to Rs. 62 now..)
Eh? A currency's exchange rate cannot be merely "regulated" by a central bank. Even in some parallel world in which it could, what makes you think that a depreciating currency (vis a vis, say, the USD) is always bad and an appreciating one always good?
Eh? A currency's exchange rate cannot be merely "regulated" by a central bank. Even in some parallel world in which it could, what makes you think that a depreciating currency (vis a vis, say, the USD) is always bad and an appreciating one always good?