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Can you expand on this, I don't see how it can be.
by worthless-trash 2y ago
Can you expand on this, I don't see how it can be.
- bobthepanda 2y agohttps://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease Natural resource sales send USD to Australia. AUD is now worth more because it is backed by more USD. Manufactured exports are also traded in USD, so Australian exports become much more expensive because workers and local materials are paid for in AUD.