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Currency in sentence

4390 examples of Currency in a sentence

To stabilize its currency at a much-depreciated rate, Argentina had to jack up interest rates to 40% and seek help from the International Monetary Fund.
The currency crisis could not have happened to a nicer guy.
But in late March, concerned by the effect of a weakening currency on inflation, the central bank once again began intervening, and appeared to be fixing the exchange rate at around 20 pesos per dollar.
Going to the IMF imposes a political cost, but it had to be done: only with sufficient firepower can Argentina convince investors that debts will be paid and the currency will not keep plunging.
The sharp rise in domestic interest rates was necessary not only to stabilize the currency, but also to make it attractive for investors to roll over large amounts of peso bonds coming due in early May.
Trans-Dniestr has its own government and parliament, army, constitution, flag, and a rousing Soviet-style national anthem; of course, its nationhood would be incomplete without its own currency.
If their export revenues were to plunge relative to their debt-service obligations, the result could be crises reminiscent of Latin America’s in 1982 or the Asian and Russian currency crises of 1997-1998.
Exporters of any particular commodity should issue debt that is denominated in terms of the price of that commodity, rather than in dollars or any other currency.
With capital flight intensifying and domestic debt refinancing becoming ever harder, its a short step to capital controls and, perhaps, an uncontrolled currency problem.
A currency board is the only plausible way for investors and the public to believe that the exchange rate is safe.
A lengthening of much of the debt reduces interest burdens, stabilizes public finance and thus supports the currency.
Lastly, because the currency board freezes the exchange rate, stable rules and flexibility of wages and prices will need to carry the heaviest burden in making Brazil competitive.
In today’s globalized world, a slight reduction in interest rates by an individual central bank can bring some benefits, beginning with weakening the currency and thus boosting exports.
Unlike its neighbor to the south (prior to Argentina's crisis), Brazil has a flexible exchange rate system: its currency is not overvalued--if anything, it is undervalued.
And the US is waging an escalating trade war, which could be followed by a debilitating currency war.
Anxiety over unconventional monetary policies and “currency wars” must not continue to dominate global policy discussions, especially given last month’s pledge by G-20 leaders not to engage in competitive currency devaluations.
It absorbed much of the political inheritance of Germany’s Bundesbank, whose establishment after World War II reflected Allied insistence on breaking with German central banking’s past traditions, in which political subservience and close ties to the financial establishment undermined monetary stability, leading to inflation and the destruction of the currency.
And that means that the fragile global economy, dependent (for now) on a single country for its main reserve currency, can withstand America’s political shenanigans.
China and other sovereign holders of US debt face capital losses over and above those implied by the inevitable appreciation of their currency.
In March 2009, Zhou Xiaochuan, the governor of the People’s Bank of China, argued that the dollar’s role as the main international reserve currency was not in the interest of the global economy or of the US itself.
In an expanding global economy, the supplier of the reserve currency is pushed to run current-account deficits – and hence toward a leveraged-growth model that systematically erodes its strength and independence as it becomes increasingly reliant on foreign capital and foreign asset ownership.
It owns the printing press that produces the world’s main reserve currency.
Accompanied by a strong, broad eurozone, risk of a future currency crisis remains.
In the second scenario, a two- or three-tiered Europe includes a two-tiered euro, with the weaker countries using a separate “euro-B” currency that can float against the stronger economies’ “euro-A.”
This arrangement would hold out the promise to fiscally stressed economies that, if they get their act together, they could rejoin euro-A – and do so more readily than they could from their own currency.
As soon as word got out that Greece was seriously considering such a move – well before it could even generate a new drachma currency – euro bank deposits would flee Greece.
Europe has come a long way from the days when its leaders prophesied that the euro would quickly rival the dollar as a global reserve currency.
Nevertheless, they spent a great deal of time squabbling over fiscal policies, in disagreements between creditors and debtors, and fights over the currency.
Even under such circumstances, CFMMs should generally not discriminate on the basis of currency.
From 2009 to 2011, with advanced economies pursuing near-zero interest rates and quantitative easing, yield-hungry investors flooded countries like South Korea and Brazil with hot money, fueling currency appreciation and inflating asset bubbles.
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