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Currency in sentence

4390 examples of Currency in a sentence

Because most foreign assets held by US investors are denominated in a foreign currency, the value of those assets could be reduced by several trillion dollars, in total.
Even in the short term, admission to the SDR could help by convincing markets that China’s currency adjustment in August was not the start of a big devaluation.
They understand that they would have to fend off an old-fashioned currency crisis at the worst possible time.
They might resort to the inflation tax and inject the national currency to restore liquidity to their banking systems and financial markets.
In small countries, where a significant share of bank liabilities is in someone else’s currency, the national central bank lacks this capacity.
The one exception is probably Britain, whose currency is used internationally as a legacy of its history.
Jacques Delors, one of its architects, once called the single currency “the jewel in Europe’s crown.”
If Europe has a single market and a single currency, it needs a single bank regulator.
To prevent this, they opted for yet another economic dead end: currency and price controls.
National narratives are, indeed, a type of currency.
Pressure was already growing to introduce trade sanctions in response to China’s refusal to allow its currency to rise to a natural level against the dollar.
CAMBRIDGE – Zhou Xiaochuan, the governor of the People’s Bank of China, recently suggested that replacing the dollar with the International Monetary Fund’s Special Drawing Rights as the dominant reserve currency would bring greater stability to the global financial system.
The idea of reforming the system by introducing a supranational reserve currency is also, it appears, supported by Russia and other emerging markets.
And a United Nations advisory committee chaired by the Nobel laureate Joseph Stiglitz has argued for a new global reserve currency, possibly one based on the SDR.
Although the euro, created in 1999, turned out to be a more serious competitor to the dollar, its share in total international reserves has probably remained below 30%, compared to 65% for the dollar (these shares are in part estimates, as China, the world’s largest holder of reserves, does not report the currency composition of its holdings).
One possibility is a gradual, market-determined erosion of the dollar as a reserve currency in favor of the euro.
But, while the euro’s international role – especially its use in financial markets – has increased since its inception, it is hard to envisage it overtaking the dollar as the dominant reserve currency in the foreseeable future.
With the dollar’s hegemony unlikely to be seriously undermined by market forces, at least in the short and medium-term, the only way to bring about a major reduction in its role as a reserve currency is by international agreement.
One way to make the SDR the major reserve currency relatively soon would be to create and allocate a massive amount of new SDRs to the IMF’s members.
Fortunately, Mnuchin has so far avoided fulfilling one of Trump’s irrational promises: to label China a currency manipulator on his first day in office.
Mnuchin has requested from the International Monetary Fund a “frank and candid analysis” of member countries’ exchange-rate policies, to determine whether China is deliberately keeping its currency undervalued.
China no longer qualifies as a currency manipulator under any of the three internationally accepted criteria: exchange rate, trade balance, or foreign-exchange reserves.
But China is not the only supposed currency manipulator on the Trump administration’s radar.
But Germany has not had its own currency since 1999.
Any intervention in currency markets would be carried out by the European Central Bank, not the Bundesbank.
Of course, a central bank can take steps to devalue its currency indirectly, by expanding the money supply.
But central banks have every right to use monetary policy to respond to domestic economic conditions, and it may well require a mind reader to know whether monetary stimulus is aimed specifically at currency devaluation.
Because the dollar is no longer pegged to gold and is an international reserve currency, the US can sustain its trade deficit by printing more dollars to support imports.
Some believe the only salvation is a return to the gold standard era of the late 1800s, when governments fixed the price of their currency in gold, leaving little scope for political interference.
In the long history of currency, from coinage to the advent of paper money, the private sector may innovate, but ultimately the public sector appropriates.
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