The monetary of France

Every country has its means of trading; even the currencies have different value in the economic world. The monetary of France is based on decimals, with the primary units of currency which is Euro:

• One coin=0.01 of a Euro


• Two coins=0.02of a Euro


• Fifty coins=0.5 of a Euro (About.com)

According to the Encyclopedia of the Nations, “The French franc is one of the reserve currencies of the world. However, its influence is nowhere close to that of the United States dollar” (nationsencyclopedia.com).

In 1999, France as well as other certain European countries agrees to have a common currency in Europe just like the US dollar in Unite State. (nationsencyclopedia.com)
Exchange rates: France
Euros per US$1

As we can see from the chart, the exchange rate of France changed a lot after 1999-the time when European countries agree to use same currency. The exchange rate is fluctuating up and down of 1:1.

Source: http://coins.about.com/od/worldcoins/ig/World-Coins-Gallery-Index/French-Money---Coins.htm
Source: http://www.nationsencyclopedia.com/economies/Europe/France-MONEY.html
Source: http://www.qikan.com.cn/Article/scxd/scxd200727/scxd200727243.html
Source: http://www.qikan.com.cn/Article/scxd/scxd200727/scxd200727243.html
Source: http://www.indexmundi.com/france/economy_profile.html

The overview of France (Unemployment rate and inflation rate)

By the end of 18th century, France is one of the richest countries. Industrialization started to be the trend in France just like in other European countries. However, France failed to maintain its movement and still remain as an agriculture nation at the end of 19th century.

However, even its slow movement and stimulation of World War, France finally became one of the economically nations of the World.

According to Index Mundi, the unemployment rate of inflation was defined as “This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted” (indexmundi.com).

The unemployment rate of France shows below from 2000 to 2009.










Inflation Rate
According to Index Mundi, the inflation rate of inflation was defined as “This entry furnishes the annual percent change in consumer prices compared with previous year’s consumer prices” (indexmundi.com).

According to Trading Economics, “The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: France Inflation Rate chart, historical data and news” (tradingeconomics.com).

Following below is the inflation rate chart of France from 2000 to 2009. We can easily tell that the inflation rate of France jumping between the “healthy ones “ and “ unhealthy ones”









Source: http://www.indexmundi.com/g/g.aspx?c=fr&v=74
Source: http://www.indexmundi.com/g/g.aspx?c=fr&v=71
Source: http://www.tradingeconomics.com/Economics/Inflation-CPI.aspx?Symbol=FRF

China's yuan hits new high against US dollar

The central parity rate of the yuan, China's currency Renminbi (RMB), hit a new high at 6.7172 per U.S. dollar, gained by 9 basis points Friday, extending the Chinese currency's gains to seven consecutive trading days, according to the data released by the China Foreign Exchange Trading System.

The Chinese currency has seen increased volatility since the central bank announced on June 19 this year to increase exchange rate flexibility.

US Treasury Secretary Timothy Geithner called on China to allow significant, sustained appreciation over time in testimony prepared for congressional hearings on China's currency policy.

"Adding pressure will not resolve trade issues between China and the US the country's exchange rate reform will only be pushed forward in accordance with economic conditions and balance of international payments," Foreign Ministry spokeswoman Jiang Yu said at a media briefing.

Work Cited:
http://news.xinhuanet.com/english2010/indepth/2010-09/17/c_13516348.htm
http://news.xinhuanet.com/english2010/china/2010-09/17/c_13516432.htm

Italy and a basic view of it's economy

Italy is a country well known for its:

• Cuisine, Roman Catholic Church, The Pope, signature brands of cars and fashion, architecture, renaissance, wine, coliseums, opera, romance, museums, history and etc.

However, we should take into account the other factors within the country. Specifically speaking; we should focus on how well the economy of the country is doing. When we think of a country’s economy, we should include Gross Domestic Product, Inflation rate and Unemployment rate.

The Gross Domestic Product for Italy that was reported in the last quarter is an annual rate of 0.40 percent. The picture below illustrates a better picture of Italy’s Gross Domestic Product over the years.

The Inflation rate for Italy that was reported on August 2010 was 1.40 percent. The picture below illustrates a better picture of Italy’s inflation rate over the years.

The Unemployment rate for Italy that was reported on June 2010 was 8.50 percent. The picture below illustrates a better picture of Italy’s unemployment rate over the years.

The Gross Dometic Product, Inflation rate and Unemployment rate are a few things to consider and examine in a country. It’s important to know these factors to better our knowledge with the country of our interest. Addititionally, It will help us give a clearer picture of the country itself.

Work Cited:
<http://www.tradingeconomics.com/Economics/Inflation-CPI.aspx?Symbol=ITL>
<http://www.tradingeconomics.com/Economics/GDP-Growth.aspx?Symbol=ITL>
<http://www.tradingeconomics.com/Economics/Unemployment-Rate.aspx?Symbol=ITL>

China Economic profile

In the last 30 years, China’s economy has changed from a centrally planned system to a more market-oriented economy and has a rapid growth, averaging 8% growth in GDP per year.

Measured on purchasing power parity (PPP), China in 2009 stood as the second-largest economy in the world after the US, though the per capita income is still lower middle-income.

Source: EIU Country Data

The economic of France

France is always a dream for girls when they are young. We dreamed to be the princess who lives in the castle. We dreamed to be happly foverover just like what the fairy tale told us. However, is France really a nice place to live and what is the real life looks like in France? I will analyze the economic of France based on GDP, the growth of GDP, Inflation rate, and unemployement.

Here is the GDP value of France since 2000

Year	GDP (Billion)
2000	132.8
2005	213.64
2006	224.8
2007	254.57
2008	286.7
2009	266.02

Work Cited:
<"世界历年数据 世界各国(地区)GDP总值排名2000-2009." N.p., n.d. Web. 19 Sep 2010. <http://hi.baidu.com/dlxywy/blog/item/5c38c9357644cd1f91ef3966>