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Currency in sentence

4390 examples of Currency in a sentence

This made them appear a source of greater currency stability than the the US and Britain.
Of course, developing as a potential reserve currency created a substantial vulnerability.
Both Japan and Germany were slow in liberalizing their domestic financial systems as they tried to limit capital inflows for a substantial period of time in order to avoid rapid currency appreciation and the consequent erosion of their export competitiveness.
The lesson of the 1960’s suggests that a fully convertible renminbi could rapidly become a major international reserve currency.
And, as a provider of a reserve currency, China would not need to continue its own quest for reserves, which has been a major contributing factor to global financial instability.
China’s recent intervention in the currency market also sent mixed signals.
Not long after the stock-market crash, however, the authorities allowed the currency to depreciate.
Continued currency depreciation would provide a much-needed boost to the slowing economy, just as depreciation of the yen through Abenomics has helped to lift Japan out of a protracted recession.
First, Macri’s government abolished exchange-rate controls and moved Argentina to a floating currency regime, with the Argentine peso allowed to depreciate by 60% against the US dollar in 2016.
The currency depreciation, it was assumed, would address external imbalances, by encouraging, with the help of lower export taxes, increased production of tradable goods.
Iran’s Crippled CurrencyMONTREAL – Escalating economic woes, aggravated by increasingly stringent international sanctions that prohibit transactions with Iran’s central bank and oil companies, are fueling unrest in Iran, as the value of the country’s currency, the rial, plummets.
The third factor is excessive control of the currency supply.
To fill it, the government printed money, effectively devaluing the currency and exacerbating inflation from rising prices for imported goods.
The reason for this is simple: China does not meet the three criteria that Congress has set for determining currency manipulation.
It has not been persistently intervening in foreign-exchange markets (at least not to push down its currency), and it is not running an overall current-account surplus greater than or equal to 3% of GDP (its surplus in 2017 was 1.3%).
So, as of April, China had met just one of the three congressional criteria, and thus did not qualify as a currency manipulator.
But China then adjusted its currency policy.
In 2014, capital started to flow out of China and the currency started to depreciate, perhaps owing to a slowdown in the Chinese economy, relatively strong growth in the US, and a corresponding shift in their respective monetary policies.
As late as April 2, 2017, Trump labeled the Chinese the “world champions” of currency manipulation, only to reverse his position a week later, telling The Wall Street Journal, “They’re not currency manipulators.”
As it happens, the year during which Trump stopped accusing China of pushing down its currency was also the year that China suspended its efforts to propup the renminbi.
But now the Chinese have resumed their efforts to defend the currency, just when Trump is renewing his accusations.
To slow the renminbi’s depreciation, the PBOC recently signaled that it will apply a so-called counter-cyclical factor in its daily “fixing” of the currency against the dollar.
Romney is a proponent of free trade, but has said that he would be tougher on China’s trade practices and currency policies.
Doubts about sovereign debt in Europe have revolved around the euro to such an extent that some now question whether the single currency can survive.
But the euro was an incomplete currency from the outset.
Indeed, as eurozone members’ inability to print their own money effectively relegated them to the status of less-developed countries that must borrow in a foreign currency, risk premiums widened accordingly.
Indeed, the US Congress has already produced a series of ominous bills aimed at retaliating against China and other countries that engage in one-way currency intervention.
Fortunately, the IMF recently asserted the right to take action if countries engage in sustained one-way currency intervention.
The Fund encountered the same problem in 2008, when it insisted on currency devaluation as part of an IMF-EU program for Latvia.
The level is adjusted to the equivalent purchasing power in the local currency.
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