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by tormeh
2915 days ago
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It's not so much that adjustments are made. It's more that when exports fall, the currency falls with it automatically, which helps for exports. In short, a floating currency helps regulate the import/export balance. Not having a floating currency means you need wage renegotiation and a lot of manual processes to achieve the same. Note that in the time period there's also Nokia mobile dying, which impacts the numbers a bit. |
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