What crap did i Just read?
For all of non economic folks this articles says "Currency war will cause Dollar to weaken and Pakistan does international trade in Dollar so Pakistani Imports from will get more expensive."
As per my understanding Whole world does international Trade in US Dollar terms except for special Bilateral agreements between two countries. And how do the author define currency war? China is doing Agreements with its allies to trade with china directly in Chinese currency Renmbi, Such as Pakistan. This Policy will benefit these weak partners who do more import with china more as they will not require to use their Dollar Reserves for importing from china. This will cause a serious concern for USA only if their are sizable number of countries who start trading in Renmbi with china and among each other as well. Anyone seriously believe Pakistan Imports from China and some other smaller countries trade with china will have any impact on Demand of US Dollar?
Or am i missing something?