# Economics-devaluing the Chinese currency\[edited title\]

**URL:** <https://boards.straightdope.com/t/economics-devaluing-the-chinese-currency-edited-title/599777>\
**Category:** Great Debates\
**Created:** [October 16, 2011, 12:43am UTC](https://boards.straightdope.com/t/economics-devaluing-the-chinese-currency-edited-title/599777 "2011-10-16T00:43:26Z")\
**Posts on this page:** 1\
**Page:** 2

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**Author:** ![Throatwarbler\_Mangrove](https://avatars.discourse-cdn.com/v4/letter/t/8c91f0/32.png) [@Throatwarbler\_Mangrove](https://boards.straightdope.com/u/Throatwarbler_Mangrove)\
**Post date:** [October 22, 2011, 2:30am UTC](https://boards.straightdope.com/t/economics-devaluing-the-chinese-currency-edited-title/599777/21 "2011-10-22T02:30:19Z")

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> [@Really\_Not\_All\_That\_Bright](#):
>
> What are the downsides of weakening our own currency, other than higher prices on imported goods?

Higher prices for all TRADABLE goods. If American farmers or oil companies can make more money selling their crops/oil to non-Americans, they will do so and prices for Americans go up. Whether the oil originally comes out of a hole in Texas or Saudi Arabia doesn’t matter.

Do you consume any food or oil? Yes? The downsides for you should be readily apparent.

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