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September 1985: The Global 5 countries adopt the Plaza Accord agreement about the USD devalvation to the Japanese Yen and the German Mark.
February 1987: The Global 6 countries adopt the Louvre Accord agreement with the aim of the currency markets stabilization and in order to stop the USD decrease.
Ca 22 years before the Global 5 countries representatives gathered in the Plaza Hotel in New York and came to the agreement bout the USD devaluation to the Japanese Yen and the German Mark. These were the measures taken in order to avoid global recession and decrease the deficit of the internal balance. In fact, the central banks spent a whole of 10 milliards USD with the aim of this currency devaluation in the next 2 years while the USD price was falling by 51%.
September 1992: the Great Britain government excludes pound from the European exchange system. As soon as the pound cost increased by 2$ per pound, the British government decided that the country economics could not depend on other currencies systems. The day was remembered as the “black Wednesday”.
It happened to great extend due to Gorge Soros who earned over 1 milliard USD by selling the British pound assuming that this currency will be excluded from the European Currency Exchange. In fact, the British government lost over 3 milliards pounds because the pound was dependant on other currencies. This experience caused that currently Great Britain, being a European Union member, is not ready to accept Euro as the primary currency.
December 1994: Mexican government devaluates peso.
April 1995: The US Dollar hits the lowest ever ratio compared to the Japanese Yen 81 = USD 1.
In the late 1994 the Mexican government devaluates the peso. After the currency looses the half of its cost, the country faces the beginning of the deep recession. As Mexico is a neighbor of the US and the countries work in strong partnership, the experts were afraid that the US economy would be threatened. Several months later the USD hit the lowest ratio as opposed to the Japanese Yen: 147 = USD 1.
