Dolar drops below 10 EEK
It is the first time ever that dollar has dropped as low as 10 EEK.
EEK is Estonia's currency.
Here is a little graph to show the tendency of changes:
I have been following the changes within US economy for sometime and it keeps getting more and more worser. The disturbing factor is that US Federal bank keeps making the same steps and they doesn't seem to be working.
Another problem is that Oil prices are rising and well it impacts everyone in the world. I can only hope it would end soon.
posted by Dmitri Kuznetsov @ 20:02
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4 Comments:
Dont you have oil in Estonia?
Well we don't have oil (or atleast it is too expensive to get). What we have is rising gas prices which are related closely to the oil price on the market.
the prices on everything is raising here in the United states.
But only a matter of cents for the basics, so not too bad and nothing that I can't afford.
Denny
Glad to hear that you are fine.
Listening to different news sources looked like things are in deep trouble. It is hard to get a clear picture about something like that.
I can say from my perspective that for europeans it is awesome time to buy US goods because they have dropped in price significiantly. The only problem is that there aren't many products from US now.
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