
The dominance of the US dollar
Business Daily
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The Future of the Dollar
For exporters, depreciating currency is actually beneficial, isn't it? Because for every batch of tea that you are sending, you are actually getting money paid in a foreign currency usually it's dollars. But because given the backdrop of low production, the availability was tight. And as a result of that, the front-end dollar price also moved up. That made us in certain markets somewhat uncompetitive compared to other producing nations like Kenya or India.
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