Several countries across Asia are confirming they experienced major dollar funding losses last month, amidst a cash crunch on surging demand for money to buy oil. Officials in Taiwan, Indonesia, India, and in other places have had to scramble to contain the monetary pressure, causing several of them to expend significant reserves just to keep their currency values from plunging. Or, plunging more than they did.
Video Length: 00:19:49
Comments
Log in or sign up to join the conversation.