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The Biggest Pile of Cash Ever!

TheAnswer said:
I would think people in this industry would pretty much demand either US dollars or Euros for their comparative stability...you don't want be sitting on $205m US in cash pesos (for example) next time they decide to devalue the currency.
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That is rubbish. The Euro, and certainly the USD are not the most stable currencies. Have you seen the £ to $ ratio recently?

David
 
davidjearly said:
That is rubbish. The Euro, and certainly the USD are not the most stable currencies. Have you seen the £ to $ ratio recently?

David
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That's not my point...they are stable compared to the currencies and monetary policies of Latin American countries.
 
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