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If China boosts the Yuan, does that effect our debt?
Asked by filmfann (52188)
November 14th, 2010
Obama has been pushing China to change the exchange rate between the Chinese currency (the Yuan), and ours (the Dollar). We owe China in the neighborhood of $1 trillion. If the exchange rate gets changed, won’t that change the amount we owe them? Did we borrow dollars, or Yuan?
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