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  1. thedaffodils's Avatar
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    #1

    Lightbulb currencies other than the dollar

    But this year, there was a surprising potential foe: the falling dollar. In his report to Congress last week, Director of National Intelligence Michael McConnell went beyond the conventional world of spycraft. Mr. McConnell specifically acknowledged "concerns about the financial capabilities of Russia, China, and OPEC countries and the potential use of their market access to exert financial leverage to achieve political ends." He noted, in particular, the impact a weak dollar can have on national security: "As the dollar has weakened this year, some oil producers -- such as Syria, Iran, and Libya -- have asked to be paid in currencies other than the dollar while others -- such as Kuwait -- are delinking their currency pegs to the dollar."
    Hello! I think currencies includes the US dollar, right? Why didn't the journalist said " the other currencies"? Thank you!

  2. Soup's Avatar
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    #2

    Re: currencies other than the dollar

    Quote Originally Posted by thedaffodils View Post
    Why didn't the journalist said "the other currencies"?
    The clue is in the first line:
    "As the dollar has weakened this year, some oil producers -- such as Syria, Iran, and Libya -- have asked to be paid in currencies other than the dollar while others -- such as Kuwait -- are delinking their currency pegs to the dollar."
    ________________
    Correction

    Why didn't the journalist say ...

  3. thedaffodils's Avatar
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    #3

    Smile Re: currencies other than the dollar

    Hello Soup,

    Thank you for your answer and correction.

  4. Soup's Avatar
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    #4

    Re: currencies other than the dollar

    You're most welcome.

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