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Currencies in sentence

1239 examples of Currencies in a sentence

Fiat currencies are also protected from value debasement by central banks committed to price stability; and if a fiat currency loses credibility, as in some weak monetary systems with high inflation, it will be swapped out for more stable foreign fiat currencies or real assets.
Great Expectations for the RenminbiSHANGHAI – The International Monetary Fund’s recent decision to add the Chinese renminbi to the basket of currencies that determine the value of its reserve asset, the Special Drawing Right, has captured headlines around the world.
It is important to note, however, that meeting “all existing criteria” does not place the renminbi on par with, say, the US dollar – or, indeed, with any of the other SDR currencies (the euro, the British pound, or the Japanese yen) – in terms of international usage.
Five years ago, Pan Yingli of Shanghai Jiao Tong University projected that, without accounting for other currencies’ incumbency advantage, the renminbi’s share of foreign-exchange reserves worldwide could reach 26% by 2025 (about the current level of the euro).
In December, the International Monetary Fund will consider adding renminbi to the basket of currencies that comprise the Fund’s unit of account, known as Special Drawing Rights, alongside the US dollar, the euro, the British pound, and the Japanese yen.
To the chagrin of Japanese policymakers, the yen strengthened against major currencies.
Responding to the pound’s significant depreciation against the US dollar and other currencies following the United Kingdom’s vote in June to leave the European Union, the BoE indicated the move was a pre-emptive effort to mitigate the recessionary pull of Brexit.
In his classic 1944 book International Currency Experience, Ragnar Nurkse argued that reflationary policies following the collapse of the gold standard of the 1920s operated by lowering currencies’ foreign exchange value, with the 1931 devaluation of the British pound unleashing a spate of competitive devaluations worldwide.
The rationale for favoring weak currencies was that a competitive exchange rate would prevent a further contraction in domestic output and prices (deflation).
A flight to other currencies – the euro, yen, pound, or even the Chinese renminbi – would be a near certainty, which would almost certainly force the US to cut back on its military spending overseas.
Add to that the impact of the depletion of valuation reserves and the risk of negative equity –developments that could undermine the credibility of central banks and thus of currencies – and it seems clear that helicopter drops should, at least for now, remain firmly in the realm of academic debate.
Thus, the real values of their currencies must be kept low relative to the dollar, which means that their reserves now invested in the US must continue to grow.
The list of such currency movements – which so far has included the euro's 25% fall against the dollar, a record low for the Mexican peso, and disorderly depreciations of the Brazilian real and other emerging-economy currencies – is getting longer by the day.
Even healthy economies like South Korea are keen to weaken their currencies, leaving the US alone in its willingness to tolerate significant currency appreciation.
In addition, the fall in export demand would have automatically caused the franc’s value to decline relative to other currencies, with lower interest rates producing a further decline.
The franc could no longer decline relative to other eurozone currencies.
Financial markets appear to be expecting a good deal more Asian monetary tightening – at least that’s the message that can be drawn from sharply appreciating Asian currencies, which seem to be responding to prospective moves in policy interest rates.
Relative to the US dollar, an equal-weighted basket of 10 major Asian currencies (excluding Japan) has retraced the crisis-related distortions of 2008-2009 and has now returned to pre-crisis highs.
Given the tenuous post-crisis climate, with uncertain demand prospects in the major markets of the developed world, Asia finds itself in a classic policy trap, dragging its feet on monetary tightening while risking the negative impact of stronger currencies.
But when the time comes to pay for the ride, you may feel like you are in Boston, Luxemburg, or Zurich: the value of the Brazilian real, like the currencies of many emerging-market countries, is high – and could go higher.
Strong currencies make strong countries, a senior United States policymaker used to say.
Emerging countries in Latin America, East Asia, Eastern Europe, and Africa are innocent bystanders in the tussle between the US and China over currencies and trade imbalances.
If high commodity prices are expected to persist, then some strengthening of currencies is both desirable and inevitable.
Loss of export competitiveness as a result of excessively strong currencies is not the only problem.
This has helped cause the exchange rate to strengthen by nearly 10% over the last year against the currencies of Norway's main trading partners, making the tradeables sector even less competitive.
This is particularly true with respect to lending in foreign currencies to economic agents that do not have revenues in those currencies.
Actors in all parts of the economy, households and companies alike, have bet that their local currencies would continue to appreciate.
As the financial crisis deepened and spread from late 2007, speculators began investing in commodities, and the dollar’s decline relative to other currencies has also induced such investments.
The Emerging-Market Currency RoutSANTIAGO – With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken?
Big debtors include some of those countries whose currencies have come under downward pressure recently: China ($1 trillion), Brazil (more than $300 billion), India ($125 billion), plus Malaysia, South Africa, Turkey, and Latin America’s financially open economies: Colombia, Chile, Peru, and Mexico.
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