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Home arrow News arrow South America arrow Falling dollar makes investing in Caribbean affordable for Brits

Falling dollar makes investing in Caribbean affordable for Brits

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Sunday, 23 March 2008
Falling dollar
Falling dollar good investment

Due to the falling dollar, the Caribbean offers an opportunity for great investment.

In reports out this week, the dollar's dropping value (which many Caribbean currencies are linked to) will allow more UK investors to purchase there.

Property prices are falling and as the Euro continues to grow in value against the dollar, more investors will be able to make a significant investment here without spending too much.

In addition to this, many UK investors can count on lower costs for travel through the Caribbean. Travel deals are everywhere as the countries in the region work to attract tourism in the hopes of keeping their economies going.

In other news, former Fed Chief Alan Greenspan plans a meeting with the Caribbean Tourism Officials. There, the officials hope to hear insight on how the countries can benefit and not be hurt by the drop in tourism here.

While the US tourism numbers have not dropped yet, tourism season is around the corner. With the US economy falling, many of these Caribbean countries face the risk of seeing fewer visitors in the coming year.

Many do not believe the conference held with Greenspan will help the countries, but the organisation could sell the tables.

This story relates to: caribbean  currency  tourism  [SEE ALL]


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