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Currency in sentence

4390 examples of Currency in a sentence

In addition, Pak Nam-gi, the senior finance ministry official considered responsible for North Korea’s botched issuance of a new currency last year, has disappeared, and Kim Yong-il, North Korea’s prime minister, was fired on June 7.
European leaders’ continued focus on the long run at the expense of short-term imperatives may indeed be the death knell for their single currency.
The single currency was conceived as an answer to the upheavals of the postwar period – double-digit inflation, high unemployment, and speculative attacks on the pound, the lira, and the French franc.
In ten short years, the euro revolutionized the global economic environment, rising to the status of the world’s second currency and rivaling the dollar as a medium for international trade and finance.
First, the euro has eliminated the possibility of exchange-rate turbulence and speculative currency attacks that more vulnerable economies could have expected in the current turmoil.
As a stable and strong world currency, the euro is also limiting exchange-rate instability globally.
Leaders must start living up to the responsibilities that come with sharing a single currency.
The European single currency has been a major success, but it remains a work in progress.
A symmetric adjustment has also occurred in China, via real appreciation of its currency and higher prices for labor and land.
Certainly a lot of the discrepancy is attributable to valuation effects: since 1982, the dollar value of overseas assets has increased repeatedly, owing to increases in the dollar value of foreign currency and increases in the assets’ foreign-currency value.
The German currency is second only to the US dollar as a reserve currency: 15% of the world's foreign exchange reserves are in D-Mark (dollar: 57%).
It is also a sought-after investment currency: Non-German investors hold about 20% of domestic German bonds and 1.300 bn in D-Mark assets.
Their central banks thought to overweigh the D-Mark as a reserve currency.
The D-Mark's popularity is underpinned by its reputation as a hard currency.
Here, the D-Mark's role as an anchor currency within the EMS is at stake.
The European currency will take over the functions of the D-Mark.
This will create incentives in Eastern Europe to use the European currency as an anchor for exchange rate policies and foreign reserve holdings.
And they can be disastrous to exporting economies, which risk rapid currency appreciation and thus a loss of competitiveness.
If prices are “sticky” (in the producer’s currency), however, a potential hitch emerges.
The origin of this disconnect – which Camila Casas, Federico Diez, Pierre-Olivier Gourinchas, and I describe in a 2016 paper – seems to be that, for the vast majority of internationally traded goods, prices are sticky in dollars, not in the producer’s currency, as Friedman’s reasoning required.
This “dominant currency paradigm” lies at the root of the terms-of-trade disconnect.
As the world’s largest currency issuer, China’s broad money supply (M2) is 1.5 times larger than that of the United States, with an M2/GDP ratio of about 200%, compared to about 80% in the US.
While cash hoarding pushes down nominal interest rates by reducing currency in circulation, the rapid decline in inflation will drive up the actual interest rate, thereby aggravating the debt burden.
These and similar phrases have been common currency among American legislators, regulators, and financial firms for decades.
Although Western tourism is a critically important source of employment and foreign currency in both countries, some Muslims have criticized the industry for promoting alcohol and other relaxed social conventions that threaten Islamic values.
Or it could also mean that economists’ baseline model of the international economy – especially the assumption of “uncovered interest parity,” which holds that foreign interest income expressed in the domestic currency should equal the domestic interest rate – is simply wrong.
The state affects asset prices indirectly through its influence on inflation, interest rates, and the strength of the currency.
In these cases, populist economics always produced cycles of inflation, currency depreciation, and instability, because global financial markets and other outsiders were skeptical from the start.
And for the EU, depressed under a cloud of Euro-scepticism, 1997 could mean the breakthrough to a confident and enterprising Union by providing its most ambitious project to date -- monetary union and a common currency.
And if the commitment to introduce monetary union and a common currency is broken, the backlash could deal a fatal blow to European integration.
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