Actually have come to understand the fact that when ever dollar increases it may likely cause the depreciation of other currencies in underdeveloped countries. Particularly this might make this underdeveloped countries to be very poor. It can also make them not to engage in the global market of trading, because their currencies can not meet up to this increase in dollar. I think it’s really a global issue that needs to be addressed in order to help this underdeveloped countries.
A rise in the value of the dollar certainly affects economically underdeveloped countries. For example, in the country where I live, the value of the dollar is very high and the value of the dollar is constantly increasing. In my country now the price of each dollar is selling at 126 BDT before our dollar price was 80 BDT 86 BDT 100 and the current price of dollar is 126 BDT not only the price of dollar has increased. The ever increasing value of the dollar has increased the price of everything in my country including the price of gold so an increase in the value of the dollar in one country will increase the price of everything in that country and has a unique side effect. On the unique side, the value of money will depreciate and the price of goods will increase. It is not possible from my country to suppress it because the economic condition of my country is very bad. But even if we are selling at 126 BDT now, it is expected that it will become 130 plus in a few days.