[link|http://www.bloomberg.com/apps/news?pid=20601080&sid=ad3SyUGo78L0&refer=news|Bloomberg]
Central banks from Bogota to Mumbai are imposing foreign-exchange curbs to take control of their soaring currencies from traders dumping the dollar.

In Colombia, international investors buying stocks and bonds must leave a 40 percent deposit at Banco de la Republica for six months. The Reserve Bank of India created a bureaucratic thicket to curb speculation by foreign money managers. The Bank of Korea is investigating trading of currency forward contracts to limit gains in the won, now at a 10-year high.

Central Banks across the globe are trying various schemes to keep their currency down and keep the speculators out. As the dollar drops, the quick turn over speculators are looking for other investments, and countries will small reserves or fragile economies don't want them playing their games with local currency. The countries that depend on exports want to keep their currency down as much as possible also.

Jay