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Thread: Dollarydoodoo

  1. #1
    Thailand Expat tomcat's Avatar
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    Dollarydoodoo

    ...financial goings-on in Oz include a name change for the currency:

    A petition to call Australia's currency 'the Dollarydoo' has 50,000 signatures

    A petition to change the name of Australia’s currency from the Australian dollar to the “Dollarydoo” has received more than 50,000 signatures since it was posted late last week.

    ”Dollarydoos” is a reference to a 1995 episode of the show “The Simpsons” (see video below). The petitioner, who identifies himself on Change.org as an Australian named Thomas Probst, argues that the new name would stimulate the economy by creating demand for the country’s currency.

    “This will make millions of people around the world want to get their hands on some Australian currency due to the real-life Simpsons reference, driving up the value of the Australian currency,” the petition’s author writes.

    But why would a stronger currency lead to stronger economic growth?

    The petition is clearly a novelty, but what’s interesting is that the economic argument on which it is based — that a stronger currency would boost growth—is the opposite of how central bankers go about attempting to stimulate an economy via exchange rates.

    Policy makers at the Reserve Bank of Australia spent most of 2015 trying to weaken the currency by cutting the central bank’s benchmark interest-rate target, and suggesting in public speeches that more cuts could be ahead. They last reduced the country’s benchmark-rate target in May, lowering it by 25 basis points to 2% and causing the Aussie to weaken.

    A weaker currency is expected to stimulate economic growth by making exports cheaper to foreign buyers.

    The Aussie — as the country’s currency is commonly known — has shed 17% of its value against the U.S. dollar over the past year as falling industrial-commodity prices and slowing demand from China have rattled the country’s mining-dependent economy.

    China is Australia’s largest trading partner, buying 33.7% of its exports, according to the CIA World Factbook. Australia’s three largest exports are coal, iron ore and gold.

    The Aussie, as its more commonly known, recently traded at 72.60 cents, slightly above its weakest level since March 2009, which it reached in September.

    ...look here for the vid: A petition to call Australia's currency 'the Dollarydoo' has 50,000 signatures
    Majestically enthroned amid the vulgar herd

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    bobo746's Avatar
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    Fewer bogans to trip over on Balinese beaches?

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    Hugh Cow's Avatar
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    Fewer bogans to trip over on Balinese beaches?

    Canceled your trip Chas?

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    Quote Originally Posted by chassamui View Post
    Fewer bogans to trip over on Balinese beaches?
    No, more. With a stronger currency there'd be more.

    However, if (big if) 10 million collectors and Simpsons fans bought $10 each in a one-off, it's hardly going prop up the economy.

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    Bogans,the reason i've never been to Bali.

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    Thailand Expat VocalNeal's Avatar
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    Would be more productive if they voted to change the national day from 26 Jan to 8 May?

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    Thailand Expat cyrille's Avatar
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    Quote Originally Posted by bobo746 View Post
    Bogans,the reason i've never been to Bali.
    Fortunately they all stay in one place.

    Kuta

    Works a bit like Pattaya, but with the infection more contained.

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    Quote Originally Posted by Hugh Cow
    Canceled your trip Chas?
    The fact is Darwin is a short hop to Bali, so the Aussie will go where access is easiest.
    I'm going back next month (while the Aussie dollar is in the shitter Maanaam)

    The bogans ain't so bad and they prolly think I'm just a picky pom anyway. 555
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    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by VocalNeal View Post
    Would be more productive if they voted to change the national day from 26 Jan to 8 May?
    May 4th be with you.

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    Thailand Expat VocalNeal's Avatar
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    ^ OK M8

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    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by David48atTD
    May 4th be with you
    *sigh*...

  13. #13
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by tomcat View Post
    Quote Originally Posted by David48atTD
    May 4th be with you
    *sigh*...

    If TC produced a Video ...



    May 4th be with you M8ie

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