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"currency" Definitions
  1. [countable, uncountable] the system of money that a country uses
  2. [uncountable] the fact that something is used or accepted by a lot of people

809 Sentences With "currency"

How to use currency in a sentence? Find typical usage patterns (collocations)/phrases/context for "currency" and check conjugation/comparative form for "currency". Mastering all the usages of "currency" from sentence examples published by news publications.

I think all, I think currency currency, paper currency, is insane.
"Currency misalignment is different from currency manipulation and currency undervaluation," the official said.
If currency X can buy an item at a lower price than currency Y, then currency X may be comparatively undervalued and currency Y could be overvalued.
Corporacion Financiera Colombiana S.A. (Corficolombiana) --Long-Term Foreign Currency IDR 'BBB+'; --Long-Term Local Currency IDR 'BBB+'; --Short-Term Foreign Currency IDR 'F2'; --Short-Term Local Currency IDR 'F281'.
"Virtual currency that has an equivalent value in real currency, or that acts as a substitute for real currency, is referred to as 'convertible' virtual currency," the IRS' guidance for taxpayers stated.
For cross-border issuance, international best practice would see cross-currency swaps used to mitigate currency mismatches between the foreign-currency-denominated covered bonds and the cover assets denominated in local currency.
" But China's not a currency manipulator: "They're not currency manipulators.
I think about currency as something that is fiat currency.
In an effort to boost foreign currency reserves, he said the government would also loosen currency controls to allow Tunisians to hold foreign currency accounts locally and introduce an amnesty for illicit foreign currency trade.
If we want our currency to be the reserve currency of choice around the world, then we need that currency to be respected.
The currency continues to be on the U.S. currency monitoring list.
In the currency market, the dollar retreated against major currency pairs.
However, not all digital currency exchanges immediately supported the offshoot currency.
YOU PUT ON TARIFFS, YOU'LL MOVE CURRENCY YOU'LL MOVE THIS CURRENCY.
They'd rather not deal with a currency that's not a currency.
Competition between the currency banks would thus produce a sounder currency.
MNUCHIN: WELL, IF YOU LOOK AT WHAT'S GOING ON IN THE CURRENCY, AND YOU ARE CORRECT, TO THE EXTENT THAT THEY GO IN AND SUPPORT THE CURRENCY, AND AGAIN, THIS IS SOMETHING -- THEIR CURRENCY IS MORE OF A CONTROLLED CURRENCY THAN OTHER MARKETS THAT ARE COMPLETELY FREE ACCESS BUT IF THEY GO IN AND SUPPORT THEIR CURRENCY, THAT IS NOT CURRENCY MANIPULATION.
"We do not endorse virtual currency as a currency because it is not a currency," Melchor Plabasan, a central bank deputy director, said then.
Currency dealers characterized the pressure on the currency as a "speculative attack".
We will be having a specific discussion around currency and currency manipulation.
Many digital currency enthusiasts agree there is speculation in the digital currency.
The media warns of a "currency war," or, in economists' lingo, "competitive devaluations" (using your currency to purchase the foreign currency you want to strengthen).
You collect currency, spend it on upgrades which let you collect more currency, and then leave the game running in the background while currency accrues.
Travelex provides currency exchange services in 70 countries, allowing travelers and others to exchange their home currency for the currency in the country they're visiting.
Fitch has affirmed Colombia's ratings as follows: --Long-Term Foreign-Currency IDR at 'BBB'; Outlook Stable; --Long-Term Local-Currency IDR at 'BBB'; Outlook Stable; --Short-Term Foreign-Currency IDR at 'F2'; --Short-Term Local-Currency IDR at 'F2'; --Country Ceiling at 'BBB+'; --Issue ratings on long-term senior unsecured foreign-currency bonds at 'BBB'; --Issue ratings on long-term senior unsecured local-currency bonds at 'BBB'.
The ratings published are as follows: Inversiones Atlantida, S.A. -- Long-Term Foreign Currency IDR of 'B'; Outlook Stable; -- Short-Term Foreign Currency of 'B'; -- Long-Term Local Currency IDR of 'B'; Outlook Stable; -- Short-Term Local Currency of 'B'.
When mutilated currency is submitted, a letter should be included, stating the estimated value of the currency and an explanation of how the currency became mutilated.
Debt is highly exposed to currency risk, as 80% is foreign currency denominated.
This involves two components: zGold, a digital currency, and zSilver, a rewards currency.
Currency was no joke, again, nine-point currency headwind for earnings per share.
Azeri authorities have been selling foreign currency to support the country's manat currency.
CURRENCY MANIPULATION: The United States is seeking a provision to deter currency manipulation.
There are multiple currencies in China (a trade currency and a mainland currency).
His labelling of China as a currency manipulator could ignite a currency war.
"A currency following the ECU model is not a currency you have in your wallet or your bank account, it's an accounting currency between countries," he said.
It's also handy to have a currency converting app like XE Currency App, which can calculate every currency in the world even if your phone is offline.
The Short-Term Foreign Currency and Local Currency IDRs have been affirmed at 'B'.
Individuals don't have direct claims on the currency, the underlying currency, that creates issues.
The Azeri authorities are selling foreign currency to support the country's weak manat currency.
Trump on Monday called the Chinese currency move a major violation and currency manipulation.
On the currency side, most economists agree that China's currency is no longer overvalued.
Volatility in currency markets has plummeted, according to the Deutsche Bank Currency Volatility Index.
"Digital currency is here to stay," said Barry Silbert, CEO of Digital Currency Group.
" Trump also switched his view on Chinese currency manipulation, saying "They're not currency manipulators.
Beijing allowed its currency to sharply lose value, raising fears of a currency war.
In short the digital currency probably Jamie blamed as fraud is public digital currency.
That effectively shields the fund if the foreign currency depreciates against its base currency.
In addition, FEZ provides a positive Euro currency exposure as it's not currency hedged.
With the nation's currency (the bolivar) essentially worthless, he's welcoming dollars back into currency.
The NBU is providing UAH15bn of local-currency liquidity, but PrivatBank's foreign-currency obligations (USD4.8bn at end-3Q0003) highlight the need to stabilise its foreign-currency funding profile.
Any debts denominated in its own currency can be paid with its own currency, or can be settled by the creation of new money in that currency.2.
CURRENCY The currency agreement contains pledges by China to refrain from competitive currency devaluations and to not target its exchange rate for a trade advantage, according to USTR.
The central bank's new rules will only cover entities facilitating the conversion or exchange of any virtual currency into fiat currency or vice versa and not virtual currency creators.
Currency Risk: Coazucar is exposed to currency risk, and Fitch estimates that about 72% of its debt is still mainly dollar-denominated without any hedge against local currency depreciation.
WE ARE A RESERVE CURRENCY, AND BECAUSE WE'RE RESERVE CURRENCY, WE'RE IN THE VERY PRIVILEGED POSITION OF HAVING OTHER COUNTRIES WANT TO SAVE OUR CURRENCY AND BUY OUR BONDS.
Currency dealers, however, said the currency was weakening gradually after a brief recovery last week.
Foreign remittances, a big source of hard currency, are up sharply in the local currency.
On currency concerns: The Treasury Department chose not to label China as a currency manipulator.
If a burger looks like a bargain in one currency, that currency could be undervalued.
The dollar's dominance as a reserve currency is undermined by a new currency, the "bancor".
The brothers founded a virtual currency exchange in New York to trade currency like Bitcoin.
Emerging market debt can be issued in local currency, or in a hard "external" currency.
The Japanese currency was softer against the U.S. currency at 213.98 yen to the dollar.
Instead of replacing fiat currency, it helps financial institutions connect different fiat currency across borders.
Not all of the "new" debt was actually new; some represented a move out of foreign-currency loans and into local-currency borrowing (in order to reduce foreign-currency risk).
So, the oil reserves back up Venezuela's fiat currency, and that currency is in a tailspin.
It has its own currency Hong Kong maintains its own currency separate from the mainland yuan.
Of particular concern are China's lack of currency transparency and the recent weakness in its currency.
Unlike most currency reforms, designed to boost confidence in the currency, Mr Modi's motivation is different.
Not just a reserve currency, but rather the world's dominant reserve currency, by a long shot.
The currency has gained 4.8% so far this year making it the best performing Asian currency.
Currency dealers also said foreign investors exiting government securities had also put pressure on the currency.
Foreign Currency Exposure: Given the broad diversification of Western Union's revenue, foreign currency exposure is significant.
INHIBIT CURRENCY MANIPULATION While China is the most egregious currency manipulator, it is certainly not alone.
The Japanese currency is largely viewed as a safe-haven currency amid a risk-off environment.
The currency has been the top-performing G10 currency this year, up 4.4% against the greenback.
" "We are publishing digital currency addresses to identify illicit actors operating in the digital currency space.
Credomatic International Corporation (CIC) --Long-Term Foreign Currency IDR 'BBB+'; --Short-Term Foreign Currency IDR 'F28399'.
Retail currency operators account for less than 5 percent of total foreign currency trading in Nigeria.
A weaker currency boosts the earnings of an exporter once converted back into the local currency.
The deals can be drawn in any currency, which also offers a form of currency hedging.
"We are opposed to competitive devaluation of the currency, as well as currency wars," Hong said.
You can set the browser to automatically show foreign currency prices in your currency of choice.
A hard-currency crunch led banks to impose informal capital controls and the currency to slump.
Currency Manipulations    We should impose countervailing tariffs on China, Japan and other countries for currency manipulation.
Investors often convert their foreign currency into roubles to purchase OFZ bonds, buttressing the Russian currency.
The currency will be released slowly to computers that help support the network underlying the currency.
Phase 503: Fiat currency to primary digital currency (bank to basic digital exchange) A global crime syndicate attempting to cleanse illicit U.S. dollars can enter crypto currency markets in two ways: either through purchase of digital currency from a basic digital exchange via the syndicate's bank account, or by cash or debit card at one of over 1,600 U.S.-based digital currency ATMs.
Currency devaluation affects banks' capital ratios largely because total risk-weighted assets are inflated when foreign currency (FC) assets are translated back into naira, while capital is denominated in local currency.
In its most recent currency report, last October, the Treasury Department criticized China's trade and currency practices but still did not conclude that Beijing was improperly devaluing its currency, the renminbi.
Fitch has affirmed the following ratings: Nafin --Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+'; --Long-Term Local-Currency IDR at 'A-'; --Short-Term Foreign-Currency IDR at 'F2'; --Short-Term Local-Currency IDR at 'F2'; --Support Rating at '2'; --Support Rating Floor at 'BBB+'.
BBX+ --Foreign currency Long-Term IDR at 'BB'; Outlook Stable; --Foreign currency Short-Term IDR at 'B'; --Local currency Long-Term IDR at 'BB'; Outlook Stable; --Local currency Short-Term IDR at 'B'; --Viability Rating at 'bb'; --Support Rating at '219'; --Support Rating Floor at 'NF'.
The digital currency gained momentum as a major digital currency conference kicked off Monday in New York, after demand from Asian investors sent the currency above $2,000 for the first time Saturday.
Ongoing FX volatility will continue to be negative for the telecom operators in the region, due to high currency mismatch for their hard currency debt against mostly local currency-based EBITDA generation.
"Cross currency basis" is effectively the cost of swapping one currency into another without the exchange rate risk and is a measure of the scarcity of one currency relative to the other.
China was specifically called out for its 'lack of currency transparency and recent weakness in the currency.
New Zealand's Long-Term Foreign-Currency IDR is 'AA' and Long-Term Local-Currency IDR is 'AA+'.
Leveling up requires using currency that is distinct from the currency you can buy for unlocking characters.
This baht-denominated tariff will offset foreign currency risks in the proposed bonds in the Thai currency.
"The market mainly focused on bonds than currency," a currency dealer said, asking not to be named.
Look, his particular concern in the currency world is the issue of currency manipulation by other countries.
GenCoin, the fictional digital currency used in the show, loosely represents bitcoin, currently world's largest digital currency.
Volatility in currency markets has plummeted in recent weeks, according to the Deutsche Bank Currency Volatility Index .
Foreign currency earnings of U.S. multinational companies are worth less in dollars when the currency is stronger.
LI: YEAH, AND PEOPLE ARE TALKING ABOUT THE CANADIAN CURRENCY, WHICH IS A MUCH-TRADED CURRENCY GLOBALLY.
The Outlook for the Foreign Currency IDR is Negative while to the Local Currency IDR is Positive.
This high volatility is one reason many critics have said virtual currency will never replace fiat currency.
Fitch assigned the company Long-Term Foreign-Currency and Local-Currency IDRs of 'BB' with Stable Outlook.
Still, the common currency was expected to face political headwinds, limiting its bounce against the U.S. currency.
Amid fear of further currency depreciation, China has intervened on the opposite direction to support its currency.
Currency Devaluation Currency devaluation seems to be a large part of why prices are rising so quickly.
In contrast, the digital currency was trading more than $500 dollars lower on major digital currency exchanges.
Driving the adoption of digital currency might be a way to ensure their currency doesn't lose value.
The stabilization in the currency came after the People's Bank of China reassured markets about the currency.
"From where we're sitting today, sterling remains a pretty vulnerable currency," said Rabobank currency strategist Jane Foley.
The dollar is the largest reserve currency and the most-used currency for commodity and other transactions.
"There's no question that China wants to have its currency as a global reserve currency," he said.
Fitch has assigned the following ratings: Credito Real S.A.B. de C.V. Sofom, E.R. --Long-term Foreign Currency IDR 'BB+'; --Short-term Foreign Currency IDR 'B'; --Long-term Local Currency IDR 'BB+'; --Short-term Local Currency IDR 'B'; --National long-term rating 'A+(mex)'; --National short-term rating 'F20526(mex)'.
Fitch has placed the following ratings on Rating Watch Negative: Banco de Bogota, S.A. --Long-Term Foreign Currency IDR 'BBB+'; --Short-Term Foreign Currency IDR 'F2'; --Long-Term Local Currency IDR 'BBB+'; --Short-Term Local Currency IDR 'F2'; --Viability Rating 'bbb+'; --Senior unsecured debt 'BBB+'; --Subordinated debt 'BBB'.
Russian authorities have previously been skeptical about digital currency bitcoin, saying the virtual currency could be used for money laundering or financing terrorism and that treating it as a parallel currency is illegal.
If Pyongyang were able to cash out into physical currency, it would be relatively easy for them to move that currency back into North Korea and to buy things with the physical currency.
Traditionally, the Russian central bank has stepped in to support the currency by selling off amounts of its foreign currency reserves to buy up, and stabilize, the ruble on the international currency markets.
Expressions such as recent currency moves being one-sided, watching currency moves with grave concern, or being ready to act "decisively" against sharp yen spikes are seen as a prelude to currency intervention.
The rating actions are as follows: Kiwibank Limited: Foreign Currency Long-Term IDR affirmed at 'AA'; Outlook Revised to Stable from Positive; Foreign Currency Short-Term IDR affirmed at 'F28256+'; Local Currency Long-Term IDR affirmed at 'AA+'; Outlook Revised to Stable from Positive; Local Currency Short-Term IDR affirmed at 'F20304+'; Support Rating affirmed at '220'; Foreign currency senior unsecured rating affirmed at 'AA'; Local currency senior unsecured rating affirmed at 'AA+'; and Commercial Paper Programme affirmed at 'F22015+'.
In the broader currency market, the greenback remained at the 100 handle against a currency basket, at 100.32.
In other currency moves, the U.S. dollar/Japanese yen currency pair was at 107.12 at 2:34 p.m.
" Currency 'transparency' Washington also indicated that it could walk back its decision to label Beijing a "currency manipulator.
But Matsuta said the insurer might consider taking some currency risks depending on the cost of currency hedging.
The country's foreign-currency ratings are A3/BBB+/BBB+, while its local currency ratings are A3/A-/A-.
With the first, the paper currency becomes so utterly worthless that it is supplanted by a hard currency.
Most of them, however, use currency swaps or forwards to hedge the risk of investing in another currency.
It stressed bitcoin is not a currency and cannot be circulated as a real currency in the market.
But currency devaluation is a zero-sum game: the global economy cannot engineer a currency devaluation against itself.
Hedging currency risk effectively reduces this natural hedge, and thus, volatility rises as the currency hedge percentage increases.
Furthermore, China has agreed to support the value of its currency and take measures to avoid currency devaluation.
Citizens might turn so much of their currency into Libra that it forces their currency down, for example.
The Japanese currency also advanced against the euro, with the single currency down 0.5 percent at 130.21 yen.
Due to strict currency controls in place since 2003, the government relies on Citibank for foreign currency transactions.
In the United States we print our own currency — the same currency in which our debt is denominated.
Facebook's new digital currency has the potential of becoming a worldwide currency, Tally CEO Jason Brown said Tuesday.
"These days when we refer to currency, we're referring to fiat currency, which is purely conceptual," says Hiller.
One of the manifestations of that was that its currency was not quite seen as an elite currency.
The British currency is now the second worst performing major currency year-to-date, according to Refinitiv data.
The central banker has also proposed a virtual currency alternative to the dollar as the world's reserve currency.
They added that a study of leveraged flows shows the Mexican currency is the most attractive Latam currency.
"Their currency is more of a controlled currency than other markets that are free access," Mnuchin told CNBC.
India has abolished its big currency notes to make way for new and visually more appealing currency notes.
Basically, a weaker currency is not as much help if a company's competitors all use the same currency.
Players can convert real-world currency for ISK, the in-game currency used to upgrade ships and characters.
It's not meant to be a real currency; it's meant to be a pseudo-currency inside this world.
The cross-currency basis indicates the amount by which the interest paid to borrow one currency by swapping it against another differs from the cost of directly borrowing the currency in the cash market.
The currency has lost 14 percent so far this year and the weakness raises fears of a repeat of the currency crisis of 2018 when the currency lost half its value against the dollar.
The one-notch uplift of PCB Albania's Local Currency IDR above its Foreign Currency IDR reflects a lower probability of restrictions being placed on servicing of local currency obligations in case of systemic stress.
Fitch has assigned the following ratings: --Long-Term Foreign Currency IDR at 'BBB-'; Outlook Negative; --Long-Term Local Currency IDR at 'BBB-'; Outlook Negative; --Short-Term Foreign Currency IDR at 'F229'; --Short-Term Local Currency IDR at 'F22016'; --Viability rating at 'bbb-'; --Support Rating at '20163'; --Support Rating Floor at 'BB+'.
The Short-Term Foreign Currency and Local Currency IDRs have been affirmed at 'B' and the issue ratings on Serbia's senior unsecured short-term foreign and local currency bonds have also been affirmed at 'B'.
The second, as ASR points out, is that companies may decide not to cut their prices in foreign currency terms but to take the higher foreign currency receipts (in domestic currency terms) as extra profit.
The semi-annual U.S. Treasury currency report said no countries deserved the currency manipulator label, but it kept China on a currency "monitoring list" despite a fall in China's global current account surplus since 2016.
Demand for offshore dollars has also grown sharply, according to cross-currency basis swaps, an agreement in which one counterparty borrows one currency from another institution and lends the same value in a different currency.
Traders speculate the rise in the local currency suggested the central bank, which frequently intervenes in the currency market, has taken to the sidelines due to worries the U.S. will label Taiwan a currency manipulator.
The Country Ceiling is affirmed at 'AAA' and the Short-Term Foreign-Currency and Local Currency IDRs at 'F1+'.
Due to strict currency controls in place since 2003, the Venezuelan government relies on Citibank for foreign currency transactions.
"The world ultimately will have a single currency, the internet will have a single currency," Dorsey told the Times.
The syndicated loan has a local currency portion equivalent to $74 million with the rest being in foreign currency.
Yet there is also a big difference between being a reserve currency and being the world's pre-eminent currency.
A devalued currency can boost one nation's exports as the decline in the currency makes that country's goods cheaper.
Investors are watching the currency closely after the currency breached the important 7-yuan-per-dollar level on Monday.
In short, it helped to transform the renminbi from a transactional currency for global trade into an investment currency.
Moreover, as U.S. currency is a world currency, it is important not to confuse the public with design changes.
Elizabeth Rossiello encountered this when she founded Bitpesa, a startup that connects digital currency to local currency, in 2013.
The tightly managed currency fell heavily in 2018 and, before that, in 2015 when the PBOC devalued the currency.
A weaker U.S. currency generally makes dollar-priced commodities cheaper for other currency holders and in turn raises demand.
"The introduction of negative interest rates has certainly not weakened the currency," said Lutz Karpowitz, currency strategist at Commerzbank.
One day after the measures the currency strengthened to 23 pounds to the dollar from 24, currency traders said.
Each type of currency solved problems of the prior generation of currency, he said in an interview with CNBC.
"Brazil has currency advantage because the cheaper their currency gets, the more purchasing power other countries have," said Seifried.
The Internal Revenue Service treats virtual currency as property, and the Financial Crimes Enforcement Network regulates it as currency.
The contracts cannot be agreed in foreign currency or indexed to a foreign currency, according to the Official Gazette.
The agency's guidance said that people should treat their virtual currency as property, rather than currency, for tax purposes.
It is similar to 214, when foreign currency reserves dwindled and Pakistan narrowly escaped a full-blown currency crisis.
VanEck Vectors J.P. Morgan EM Local Currency Bond, on the other had, follows an index of local-currency bonds.
The late President Hugo Chávez actually did this in February 6900, allowing the currency to float without currency controls.
Moody's also raised the long-term country ceilings for foreign-currency and local-currency bonds to B3 from Caa2.
DALIO: THE MOST IMPORTANT THING ABOUT DEBT IS WHETHER THE DEBT'S DENOMINATED IN YOUR CURRENCY OR A FOREIGN CURRENCY.
Fitch has not assigned a Long-Term Foreign Currency IDR to HCSBK due to its immaterial foreign currency operations.
Pechatnikov did not say whether the transactions were to convert foreign currency into roubles or roubles into foreign currency.
Paper currency is dumb because ... I have some paper currency here and I'm just going to take it out.
Infonavit --Long-Term Foreign-Currency IDR at 'BBB+'; --Long-Term Local-Currency IDR at 'A-'; --Short-Term Foreign-Currency IDRs at 'F2'; --Short-Term Local-Currency IDRs at 'F2'; --Support Rating at '2'; --Support Rating floor at 'BBB+'; --National Long-Term Rating at 'AAA(mex)'; --National Short-Term Rating at 'F1+(mex)'.
FMV --Foreign currency long-term affirmed at 'BBB+'; Outlook Stable --Foreign currency short-term affirmed at 'F2'; --Local currency long-term IDR affirmed at 'A-', Stable Outlook; --Local Currency short-term IDR upgraded from 'F5003' to 'F1'; --Support rating affirmed at '2'; --Support floor affirmed at 'BBB+'; --Senior unsecured debt affirmed at 'BBB+'.
The state's ability to provide support in foreign currency is also sound, due to significant sovereign foreign-currency reserves of around USD13bn at end-2015 (equal to about 2x the banking sector's total foreign-currency liabilities or 11x its external debt) and the only moderate potential cost of any future foreign-currency support.
Another concern investors have about China's weakening currency: It will reignite a regional currency war, but so far, China's currency is primarily weakening against the U.S dollar, and Asian currencies are already weakening on their own.
"For currency and as a financial rail, bitcoin is the only game in town," said Barry Silbert, founder and CEO of Digital Currency Group, which oversees 68 companies in the virtual currency and associated technologies space.
The rating actions are as follows: Patrimonio del Trentino Long-Term Foreign and Local Currency IDR: affirmed at 'A-'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F7503' Senior unsecured debt guaranteed by the Autonomous Province of Trento: affirmed at 'A' Senior unsecured debt: affirmed at 'A-' Trentino Trasporti Long-Term Foreign and Local Currency IDR: affirmed at 'A-'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F2' Trentino Sviluppo Long-Term Foreign and Local Currency IDR: affirmed at 'A-'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F2' Cassa del Trentino Long-Term Foreign and Local Currency IDR: affirmed at 'A'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F1' Senior unsecured debt: affirmed at 'A' Finlombarda Long-Term Foreign and Local Currency IDR: affirmed at 'BBB'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F2' A.S.A.M .
Sources say that Telegram plans to allow users to hold both Telegram's currency and fiat currency in a forthcoming wallet.
Periodic Currency Volatility A side effect of geographic diversification, particularly with a concentration in emerging markets, is periodic currency volatility.
Based on currency movements within the yuan's trade-weighted basket, policymakers appeared to be supporting the Chinese currency, analysts said.
As the global financial markets continue to try to find a footing, currency traders continued to dump the U.K. currency.
The latter was also due to decreased needs in foreign currency funding following the foreign currency mortgage conversion in 2015.
"Bitcoin is more than a currency—it is a technology that can do far more than fiat currency," said Burniske.
The decision rocked currency markets and sent the franc rocketing against the euro, the currency of Switzerland's main export market.
Around 90 percent of government debt is domestic currency denominated, with only 10 percent in foreign currency, Kganyago pointed out.
It has gained 14.5 percent so far this year and is the best performing currency in the G10 currency space.
In the currency market, the yen advanced after earlier losses on a resumption of demand for the safe haven currency.
Ratings agency Fitch said on Monday that banks' foreign-currency liquidity risk had heightened significantly amid volatility and currency weakness.
Element of Currency Risk NEPI Rockcastle's leases and debt are denominated in euros, while tenants generate revenue in local currency.
But they said to me that on the currency manipulation, "Donald Trump has failed to call China a currency manipulator".
The dollar's status as the chief reserve currency makes the U.S. currency the primary beneficiary of concern over trade conflicts.
The Country Ceiling has been affirmed at 'AAA' and the Short-Term Foreign Currency and Local Currency IDRs at 'F1+'.
Trump has reversed course on China's currency status, telling The Wall Street Journal that China is not a currency manipulator.
The Country Ceiling has been affirmed at 'AAA' and the Short-Term Foreign-Currency and Local-Currency IDRs at 'F4807123'.
The Country Ceiling has been affirmed at 'BBB-' and the Short-Term Foreign Currency and Local Currency IDRs at 'B'.
This represents significant foreign currency liquidity support in case WAEMU member countries suffer a temporary shortage of foreign currency receipts.
Monetary policy can be affected by either interest rates or currency and so the tightening of currency is a negative.
Belarus's debt is highly exposed to currency volatility (89% is foreign currency-denominated), and interest rate risk (50% floating rate).
The Country Ceiling has been affirmed at 'AAA', and the Short-Term Foreign-Currency and Local-Currency IDRs at 'F212001+'.
The Country Ceiling has been affirmed at 'AAA', and the Short-Term Foreign-Currency and Local-Currency IDRs at 'F1+'.
Given Japan's history of currency market intervention, he said, "more enforceability" was needed with clearer penalties for violating currency provisions.
The currency has risen 6 percent since 2018 began, making it the best-performing currency among the G-1.493 economies.
When you add a new recipient, you can tick a new box that says "foreign currency" and pick the currency.
Such a move to a weaker Chinese currency would all too likely heighten the risk of a global currency war.
Other currency analysts also believe the single currency could move higher in the coming weeks, supported by positive data releases.
Net sales in North America declined 15 percent in constant currency terms, excluding currency effects, while China fell 9 percent.
Significant currency depreciation in 2015 increased the proportion of USD-denominated assets, though capital remained mainly denominated in local currency.
Institutional Acceptance of Digital Currency The rise in digital currency values can also be attributed to institutional acceptance of cryptocurrencies.
New British currency will be printed with the King's portrait, and the Queen's currency will slowly be removed from use.
If currency moves are volatile, the uncertainty makes job difficult for companies ... We're not in charge of the currency policy.
The digital currency would convert easily in and out of any other currency, with very low conversion and transaction fees.
Currency trading was erratic amid poor liquidity and a rush to secure financing in dollars, the world's top funding currency.
As they supply foreign currency and demand dollars in the markets for currency exchange, they cause the dollar to appreciate.
Taiwan meets two of the three U.S. criteria to be labeled a currency manipulator, including intervention to weaken the currency.
The dollar's status as the chief reserve currency make the U.S. currency the primary beneficiary of concern over trade conflicts.
Currency trading was erratic amid poor liquidity and a rush to secure financing in dollars, the world's top funding currency.
"Currency exchange offices have been given permission to import currency into the country and they can import currency in the form of bills," central bank governor Abdolnaser Hemmati said, according to the Islamic Republic News Agency (IRNA).
In a recent Wall Street Journal op-ed, Hanke described the monetary reform measure, "The sole function of a currency board is to exchange the domestic currency it issues for an anchor currency at a fixed rate."
Banco G&T Continental: --Long-Term Foreign currency IDR 'BB'; Outlook Stable; --Short-Term Foreign Currency IDR 'B'; --Long-Term Local Currency IDR 'BB'; Outlook Stable; --Short-Term Local Currency IDR 'B'; --Viability Rating 'bb'; --Support '3'; --Support Rating Floor 'BB-'; --Long-Term National rating 'AA-(gtm)'; Outlook Stable; --Short-Term National rating 'F1+(gtm)'.
Fitch has placed the following ratings on Rating Watch Negative: Banco de los Trabajadores --Long-Term Foreign Currency IDR 'BB-'; --Short-Term Foreign Currency IDR 'B'; --Long-Term Local Currency IDR 'BB-'; --Short-Term Local Currency IDR 'B'; --Viability Rating 'bb-'; --Long-term national rating of 'A(gtm)'; --Short-term national rating at 'F220(gtm)'.
Grupo Aval Acciones y Valores S.A. --Long-term Foreign Currency IDR at 'BBB' Outlook revised to Stable from Negative; --Short-Term Foreign Currency IDR at 'F3'; --Long-Term Local Currency IDR at 'BBB'; Outlook revised to Stable from Negative; --Short-Term Local Currency IDR at 'F3'; --Support rating at '5'; --Support rating floor at 'NF'.
The full list of rating actions is as follows: --Long-term foreign-currency IDR affirmed at 'BBB+'; Outlook Stable --Long-term Local-Currency IDR affirmed at 'A-'; Outlook Stable --Short-term Foreign-Currency IDR affirmed at 'F2' --Short-term Local-Currency IDR affirmed at 'F1' --Country Ceiling affirmed at 'A-' --Issue ratings on long-term senior-unsecured foreign-currency bonds affirmed at 'BBB+' --Issue ratings on long-term senior-unsecured local-currency bonds affirmed at 'A-' Contact: Primary Analyst Kelli Bissett-Tom Associate Director +1-212-908-5003 Fitch Ratings, Inc.
Fitch has taken the following rating actions: Banco Agropecuario: --Foreign Currency long-term IDR affirmed at 'BBB+'; Outlook Stable; --Foreign Currency short-term IDR affirmed at 'F2'; --Local Currency long-term IDR affirmed at 'A-'; Outlook Stable; --Local Currency short-term IDR upgraded to 'F1' from 'F2'; --Support Rating affirmed at '13'; --Support Rating Floor affirmed at 'BBB+'; --Local Currency Long-term rating to a long-term unsecured loan at 'A-(emr)'.
"There's been a shift in dynamic since the start of October that's very unusual for a G10 currency, particularly for sterling, where higher yields are corresponding with a weaker currency," said BNP Paribas currency strategist Sam Lynton-Brown.
In Japan, a large virtual currency exchange, Coincheck, was hacked in late January and lost nearly $500 million worth of a virtual currency known as NEM, raising questions about the relatively untested security practices of virtual currency exchanges.
Loss of confidence causes your currency to drop; this makes it harder to repay debts in foreign currency; this hurts the real economy and further reduces confidence, leading to a further decline in your currency; and so on.
Since a currency can be anything to which people assign economic value, launching a new complementary currency will hinge on advocates' ability to convince enough people to use and accept the currency in exchange for goods and services.
In Japan, a large virtual currency exchange, Coincheck, was hacked in late January and lost nearly $500 million worth of a virtual currency known as NEM, raising questions about the relatively untested security practices of virtual currency exchanges.
Currency: Claims by an Italian deputy prime minister, against expert consensus, that a French-backed currency used by 14 African nations was accelerating migration have highlighted a long-running debate over whether the currency is stabilizing or neocolonial.
He declined to comment on currency levels, but added currency market moves had at one point recently been rapid and speculative.
"Of particular concern are China's lack of currency transparency and the recent weakness in its currency," said Treasury Secretary Steven Mnuchin.
"A national currency co-existing with a common currency would not have any consequences on the French's daily life," she added.
The new currency is also pegged to petro, a digital currency issued by the Venezuelan government that many consider is illegal.
The union said there will be about 200 workers doing currency printing at Gateshead, following the passport and currency printing losses.
That is keeping currency traders on edge with implied volatility gauges, a measure of short-term currency fluctuations in sterling elevated.
He devalued the currency by 95% and replaced it with a new currency, the "sovereign bolívar", which has five fewer zeroes.
In the past two years, Beijing hasn't been suppressing its currency — it's been intervening in order to prop up the currency.
There is no evidence the U.S. currency is significantly overvalued or that currency misalignment is contributing to the deficit (tmsnrt.rs/2Zc2SRJ).
"Eventually, these governments will essentially devalue the currency — destroy the currency — and so the average person gets totally screwed," he said.
If women's bodies are currency, the implication here is that they are a currency he should by all rights already have.
Informal currency exchange proliferated in Argentina under former populist President Cristina Fernandez, whose currency controls drove local demand for U.S. dollars.
Users can then choose to keep money in a foreign currency or convert it to their local currency from the app.
Carry trades are trades that involve borrowing in one — usually low-yielding — currency and buying assets in a higher-yielding currency.
Exposure to Currency Risk Mastellone's debt is USD-denominated and creates currency risk as company sales are mainly in Argentine pesos.
Another popular sector Razer has entered is the virtual currency and payments space by introducing zGold, a virtual currency for gamers.
S. currency investments - including those in Mexican, Brazilian, Indian and Indonesian local currency bonds - accounted for half of the fund's outperformance.
It should be as easy to buy lunch with a currency in one country as with that same currency in another.
That has lifted the dollar - a currency that typically outperforms in risk-off periods - but the currency has strengthened only moderately.
Read more in our leader, "Value matters again in currency markets", and explore the data with our interactive currency-comparison tool
Other than a local currency it can also be used by large companies intending to set up their own currency system.
Given Japan's history of currency market intervention, he said that "more enforceability" was needed with clearer penalties for violating currency provisions.
"Still we see downward pressure on the currency because there are some debt outflows expected next week," a currency dealer said.
With China's currency, the renminbi, showing some new signs of weakness, its currency policies are also likely to be in focus.
All four banks hold large enough foreign currency liquidity buffers to withstand a substantial reduction in foreign-currency-denominated customer funding.
It also argues that Germany certainly does not manipulate its currency since it does not have its own currency to manipulate.
TBILISI, Sept 22 (Reuters) - Georgia's central bank sold $20 million at a currency auction on Thursday, to support the national currency.
Under strict currency controls, they were unable to exchange a lot of their bolivars for hard currency at favorable exchange rates.
The currency has lost 10% against the dollar so far this year, following a 30% fall in last year's currency crisis.
The claim is that China could be doing more because it has substantial foreign currency reserves to prop up its currency.
The Shanghai currency accord did not require China to peg its currency at a specific value with respect to the dollar.
Businesses helped persuade successive American presidents to refrain from punishing China for manipulating its currency, even as Beijing manipulated its currency.
According to South Korea's latest digital currency regulations, banks must conduct a rigorous review of personnels engaged in digital currency transactions.
APPLE CEO SAYS DOES NOT INTEND TO LAUNCH OWN CURRENCY, NOT COMFORTABLE WITH A PRIVATE COMPANY HAVING COMPETING CURRENCY -LES ECHOS
A complementary currency is a secondary currency that works alongside a more widely accepted one—in this case, the US dollar.
Exposure to Currency Risk: Mastellone's debt is USD-denominated and creates currency risk, as company sales are mainly in Argentine pesos.
French colonies have had to store 50% of their foreign currency reserves with France in return for France guaranteeing the currency.
TREASURY SAYS CURRENCY PRACTICES OF 10 COUNTRIES REQUIRE CLOSE ATTENTION, BUT NO MAJOR U.S TRADE PARTNER MET CRITERIA FOR CURRENCY MANIPULATION
Attention is the currency of the political economy, and that currency tends to agglomerate in urban centers, even here in Wisconsin.
Zimbabwe uses the United States dollar as its main currency, but it also has a parallel currency called the bond note.
Bancomext --Long-Term Foreign-Currency IDR at 'BBB+'; --Long-Term Local-Currency IDR at 'A-'; --Short-Term Foreign-Currency IDR at 'F2'; --Short-Term Local-Currency IDR at 'F2'; --Support Rating at '2'; --Support Rating Floor at 'BBB+'; --National Long-Term Rating at 'AAA(mex)'; --National Short-Term Rating at 'F1+(mex)'; --Local senior unsecured debt at 'AAA(mex)'.
Banobras --Long-Term Foreign-Currency IDR at 'BBB+'; --Long-Term Local-Currency IDR at 'A-'; --Short-Term Foreign-Currency IDRs at 'F2'; --Short-Term Local-Currency IDRs at 'F2'; --Support Rating at '2'; --Support Rating Floor at 'BBB+'; --National Long-Term Rating at 'AAA(mex)'; --National Short-Term Rating at 'F1+(mex)'; --Local senior unsecured debt at 'AAA(mex)'.
IPAB --Long-Term Foreign-Currency IDR at 'BBB+'; --Long-Term Local-Currency IDR at 'A-'; --Short-Term Foreign-Currency IDRs at 'F2'; --Short-Term Local-Currency IDRs at 'F813'; --Support Rating at '2'; --Support Rating Floor at 'BBB+'; --National Long-Term Rating at 'AAA(mex)'; --National Short-Term Rating at 'F1+(mex)'; --Local senior unsecured debt at 'AAA(mex)'.
Banco de la Nacion --Foreign currency long-term IDR affirmed at 'BBB+'; Outlook Stable; --Local currency long-term IDR affirmed at 'A-'; Outlook Stable; --Foreign currency short-term IDR affirmed at 'F2'; --Local Currency short-term IDR upgraded from 'F2' to 'F1'; --Support Rating affirmed at '2'; --Support Rating Floor affirmed at 'BBB+'; --Viability Rating affirmed at 'bbb-'.
Santander Brasil Long-Term Foreign Currency IDR at 'BB+', Outlook Negative; Long-Term Local Currency IDR at 'BBB-'; Outlook Negative; Short-Term Foreign Currency IDR at 'B'; Short-Term Local Currency IDR at 'F3'; Viability Rating at 'bb'; Support Rating at '20133'; National Long-Term Rating at 'AAA(bra)'; Outlook Stable; National Short-Term Rating at 'F1+(bra)'.
Currency derivative markets are signalling further weakness for the euro with one-year risk reversals on the single currency — a gauge of demand for options on a currency rising or falling — dropping to a seven-month low on Wednesday.
In addition, the agency has assigned KEB Hana Indonesia a Long-Term Foreign Currency IDR of 'BBB', Long-Term Local Currency IDR of 'BBB+', Short-Term Foreign Currency IDR of 'F3', Support Rating '2', and Viability Rating of 'bb-'.
In April, Mnuchin will have to determine whether to declare China a currency manipulator as part of Treasury's semi-annual currency report.
The finance ministry suspended its daily puchases of foreign currency for reserves to lift some pressure from the already battered Russian currency.
Its debts are issued in its own currency, so the cost of meeting its obligations will not soar as the currency falls.
After all, the point was to create an alternative to fiat currency, and to mimic goldbugs' notions of how currency should work.
It is not true that China manipulates its currency to benefit manufacturers; Chinese currency has actually strengthened in the past 10 years.
And it holds that position in large part because no other currency, or country, is as capable of providing reserve-currency services.
"The currency fluctuates reflecting the economic challenges, so when you have tariffs rising on you, the currency adjustment is inevitable," Xie said.
Eventually, the problems caused by wildcat currency would lead the federal government to create a national banking system with a national currency.
In currency markets, the U.S. dollar slipped against the yen on Japanese trade data and U.S. resistance to currency intervention from Tokyo.
"The internet deserves a native currency; it will have a native currency," he told a gathered crowd at the 2018 Consensus conference.
Daimler's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'A-' is higher than Thailand's Long-Term Local-Currency IDR of 'BBB+'.
The main crypto-currency on the NEM platform has a market capitalisation of just $4bn, compared with $61bn for Ethereum's main currency.
Currency risks for the energy and real estate sectors are moderately reduced because pricing on these markets is predominantly in foreign currency.
Companies are required to sell products in bolivars but then struggle to convert them into hard currency through the government's currency board.
The crypto currency, Kin, will be launched off the Ethereum blockchain, another online public ledger much like that of digital currency bitcoin.
Currency bans occurring in India and Venezuela point to the danger of giving governments monopoly power over the issuance of paper currency.
Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo, said the dollar's recent strength against the single currency may not last.
The federal government of the United States is issuing our currency, and so we have a very different relationship to the currency.
Denmark has also opted out of the common euro currency, but its crown currency has been pegged to the euro for decades.
"I think currency investors are looking past those remarks," said Aaron Hurd, senior portfolio manager of currency at State Street Global Advisors.
Some currency experts warn of a bubble, and some critics still say it won't catch on as a viable form of currency.
The real enemy here are incumbent banks and the high currency exchange rates and inflexible multi-currency business banking they typically provide.
The new currency will likely have some value right away: Futures trading values the currently non-existent digital currency at $275 USD.
Of course, higher short-term rates generally translate into a higher currency, at they mean increased returns for those holding that currency.
"It will lead to massive, massive depreciation of the valuation of our currency, and ultimately to currency crisis in Nigeria," he added.
The Australian Digital Currency & Commerce Association welcomed the reform, saying it will increase safeguards and provide regulatory certainty to digital currency businesses.
In February 2016, Fitch downgraded Sri Lanka's Long-Term Foreign-Currency IDR and Local-Currency IDR to 'B+' with a Negative Outlook.
Litecoin is a currency better equipped to address the first problem, while Monero is a currency better equipped to address the second.
Egypt floated its currency last November and hiked interest rates in an effort to attract foreign currency back into the banking system.
That represented a jump of 6.4 percent on a currency-neutral basis, but including currency fluctuations, revenue was up only 0.5 percent.
The currency is down 12.5% this year after having shed 30% last year, when a currency crisis tipped its economy into recession.
It may invest in non-euros denominated securities (up to 30%), in which case currency exposure is fully hedged through currency swaps.
Moreover, there will be windfall gains and losses for entities that earn income in one currency and pay lenders in another currency.
Grupo Aval Acciones y Valores S.A. --Long-Term Foreign Currency Issuer Default Rating (IDR) 'BBB'; --Long-Term Local Currency IDR at 'BBB'.
The recent resurgence in the economy has coincided with a weaker currency and if the single currency strengthens then that could weigh.
The semi-annual U.S. Treasury currency report has singled out the trading partners, to curb what the U.S. calls "unfair currency practices".
China is not a currency manipulator because it does not fit the US Treasury's own definition of what a currency manipulator is.
A series of interest rate hikes and currency interventions in Mexico also have fostered trust in the strength of the local currency.
A weakening currency could very well lead to corporate bankruptcies that further erode investor confidence that leads to a further currency weakness.
That has the potential to cause China to further depreciate its currency, which could very well result in a global currency war.
"At the same time, if you look at the currency, it has good prospects of becoming a reserve currency status," she said.
TBILISI, April 14 (Reuters) - Georgia's central bank has bought $10 million at currency auction on Thursday amid strengthening of the national currency.
The global currency market has been short on dollars, a safe-haven currency that investors and countries buy in times of crisis.
In currency markets, the dollar index, tracking the currency against six major peers, rose 0.32%, with the euro down 0.4% to $1.1284.
Currency basis swap spreads, the premium investors need to pay over interbank rates to fund dollars through foreign currency swaps, fell considerably.
They don't have it under their -- they have to go buy it and then they devalue their currency and manipulate their currency.
"The 'dash for cash' will remain a key driver of currency markets this week," said Kim Mundy, a currency strategist at CBA.
At that meeting, China had to counter concerns about the possibility it would devalue its currency and spark a global currency war.
The U.S currency fell versus the euro and the yuan, with the Chinese currency continuing its recovery from recent 11-month lows.
Trading was, however, dull and the currency still faced depreciation pressure on expected demand for the U.S. currency from importers, they said.
Currency manipulation, where a country lowers the value of its currency to gain an unfair advantage, is rampant, particularly in Asia. Sen.
Currency strategists have said China is lowering the fixing on its currency with the market, but it is not stopping the decline.
The U.S. Treasury designated Taiwan and South Korea as currency manipulators in 1988, the year that Congress enacted the currency review law.
Similarly, not having a currency of its own, it cannot resort to currency depreciation to boost its exports and reduce its imports.
The agency has also affirmed its Long-Term Foreign-Currency Issuer-Default Rating (IDR) and foreign-currency senior unsecured rating at 'A-'.
Meanwhile, the possibility of little to no appreciation in the currency is reducing the attractiveness of local currency bonds for foreign investors.
Currency basis swap spreads, the premium investors need to pay over interbank rates to fund dollars through foreign currency swaps, fell considerably.
China has attempted to prevent its currency from depreciating more in recent years, predating Mr. Trump's labeling the country a currency manipulator.
In currency markets, the dollar index, tracking the currency against six major peers, rose 0.33%, with the euro down 0.35% to $23.
The SNB has scaled back its currency interventions in recent weeks as fears over the future of the single currency faded following the French elections, while total sight deposits - an indication of SNB foreign currency purchases - were flat on Monday.
The Taiwan currency has been one of Asia's best performers, as the central bank has refrained from weakening the currency through market intervention as a precaution against being labeled a currency manipulator by the administration of U.S. President Donald Trump.
Ncube confirmed media reports he would look into removing the quasi currency bond note in a package of currency reforms due to be announced at the end of September, and said he eventually wanted to bring back Zimbabwe's own currency.
"The currency markets are dominating overall market moves and anytime you see an important move in one currency or another from a currency market it seems to cause nervousness in equity markets," said Quincy Krosby, market strategist at Prudential Financial.
Delta Beverages announced on Wednesday that it would only take payments in U.S. currency and would no longer accept electronic dollars known as "Zollars", or a quasi-currency known as "bond notes", amid a severe shortage of hard currency in Zimbabwe.
Labeling China a currency manipulator Trump told the Wall Street Journal on Wednesday that China is not artificially deflating the value of its currency, a big change after he repeatedly pledged during his campaign to label the country a currency manipulator.
You can do a traditional currency exchange in order to pay in rand or another local currency, but that means your returns will be in that currency as well, so you'll have to convert back if you want to get paid.
Currency market focus was on the U.S. Treasury's semiannual currency report due later in the day, with investors waiting to see Washington's view on China after media reports last week that the department has not labelled Beijing a currency manipulator.
LONDON (Reuters) - Currency derivative markets are signalling further weakness for the euro with one-year risk reversals on the single currency — a gauge of demand for options on a currency rising or falling — dropping to a seven-month low on Wednesday.
Fitch views foreign currency liquidity buffers (defined as cash, placements in foreign banks, unpledged government foreign currency securities, placements in the central bank's reserve option mechanism (ROM) and net receivables under foreign currency swaps) as generally adequate at all three banks.
Rate cuts typically weigh on a country's currency by making investments in that currency less attractive, although the dollar's fall was tempered somewhat as it is seen as a safe bet in times of crisis as the world's most liquid currency.
Rate cuts typically weigh on a country's currency by making investments in that currency less attractive, although the dollar's fall was tempered somewhat as it is seen as a safe bet in times of crisis as the world's most liquid currency.
"A currency swap with Japan previously was in place for a long time (before it lapsed) and it made big contributions to the currency market so it would be right to establish currency swap (with Japan)," Chung Sye-kyun told reporters.
The debt rating could be downgraded if Woori Bank's Long-Term Foreign Currency IDR were downgraded below Thailand's Long-Term Local Currency IDR.
FITCH SAYS DOWNGRADED MEXICO'S LONG-TERM FOREIGN CURRENCY, LOCAL CURRENCY ISSUER DEFAULT RATINGS TO 'BBB' FROM 'BBB+' & REVISED OUTLOOK TO STABLE FROM NEGATIVE
The U.S. Treasury had designated Taiwan and South Korea as currency manipulators in 23, the year that Congress enacted the currency review law.
Currency analysts have predicted that the currency could remain volatile in the next few months due to the uncertainty surrounding the Brexit vote.
The real fell 8 percent against the U.S. currency on Thursday, sustaining the largest losses since the country devalued its currency in 1999.
An ICO is where a digital currency based on blockchain technology is sold publicly and the currency is often traded on secondary exchanges.
With a currency-hedged ETF, an investor pays an additional cost for hedging the foreign exchange risk, often using currency forwards or options.
Match up two people who need each other's currency and you avoid the bank charges and the excessive costs of foreign currency conversions.
Analysts say China had steadied its currency, as talks proceeded with the U.S., but since talks broke down, the currency has weakened more.
For the full year, global instability and currency shifts remain risks, Hayes said, though he said the company has not increased currency hedges.
Trump has complained Japan keeps its currency artificially low, although a Treasury Department report last week did not label Japan a currency manipulator.
TBILISI, April 21 (Reuters) - Georgia's central bank bought $20 million at a currency auction on Thursday amid a strengthening of the national currency.
The Trump administration's declaration that China is a currency manipulator may be setting the stage for a deeper round of competitive currency devaluations.
While Trump has in the past accused China of manipulating its currency, his administration has refrained from labeling the country a currency manipulator.
Trump blasted China Monday for manipulating its currency, and the U.S. Treasury labeled China a "currency manipulator" after the close of U.S. trading.
Blaming the currency for slow development is "absurd", says Ismaël Dem, director general of economy and currency at the west African central bank.
Import-dependant Egypt abandoned its currency peg to the U.S. dollar last November and the currency has depreciated roughly by half since then.
President-elect Donald Trump promised during his campaign that he would have China labeled a currency manipulator for artificially keeping its currency weak.
The central bank last month directed banks to separate foreign currency accounts from the surrogate bond note currency and their associated electronic deposits.
AWB's and BMCE's Long-Term Local Currency IDRs have been downgraded following the rating action on the sovereign Long-Term Local Currency IDR.
The U.S. Treasury had designated Taiwan and South Korea as currency manipulators in 1988, the year that Congress enacted the currency review law.
All 20 of Morningstar's top 20 highest performing emerging market funds this year have been local currency exclusive or overweight in local currency.
The variation in these results is due to differences in correlation between the currency return and the equity market return in local currency.
Foreign currency controls would normally be a crisis measure implemented when a country is worried its foreign currency reserves are being seriously depleted.
The Short-Term Local-Currency Rating has been upgraded to 'F211' and the Short-Term Foreign-Currency IDR has been affirmed at 'F21500'.
"There's no reason for the U.S. to criticize our currency and monetary policies," said a Japanese government official with knowledge of currency policy.
The IRS has said that virtual currency, in general, is taxable — as long as the currency can be converted to a dollar amount.
The Short-Term Foreign- and Local-Currency IDRs and the rating on the short-term local-currency securities have been affirmed at 'B'.
The agency has simultaneously affirmed Indosat Ooredoo's Long-Term Foreign-Currency IDR (FC IDR) and its foreign-currency senior unsecured rating at 'BBB'.
The bank announced increases in reserve ratios for foreign-currency assets, making it more attractive to hold assets in the local lek currency.
SASA --Foreign and Local Currency Long-Term IDRs affirmed at 'BB-', Outlook Negative; --Foreign and Local Currency Short-Term IDRs affirmed at 'B'.
A falling currency is good for a country's exporters and for its multinationals (whose overseas earnings are worth more in domestic-currency terms).
It is still up more than 11 percent so far this year, making it the best performing currency in the G10 currency universe.
The US Treasury had designated Taiwan and South Korea as currency manipulators in 1988, the year that Congress enacted the currency review law.
Stuck in the past, as usualTrump called China a currency manipulator because Trump's understanding of China's currency is about five years behind reality.
Uwujaren told CNN Tuesday the anti-corruption agency had arrested several fake currency traders in northern Nigeria, a hub for foreign currency trading.
Earlier this month Moscow Exchange, previously known as Micex-RTS, launched five new currency trading options to boost liquidity on its currency market.
Goldfajn also repeated that the central bank has more room for currency interventions when necessary after reducing the stock of outstanding currency swaps.
Broadly speaking, the lower a currency is, the higher the appetite to buy goods in that currency given that they will be cheaper.
U.S. dollars are the legal or de facto currency in many countries, as well as a preferred currency for savings around the world.
This week the central bank intervened three times on the local currency exchange market to curb losses by the national currency, the kuna.
Currency basis swap spreads, the premium investors need to pay over interbank rates to fund dollars through foreign currency swaps, have fallen considerably.
Currency basis swap spreads, the premium investors need to pay over interbank rates to fund dollar through foreign currency swaps, have fallen considerably.
Currency fight: A currency dispute between United States and China has brought the fight between the world's two largest economies to new extremes.
No other country has been willing to allow its currency to be used in this way (or issued a currency capable of it).
Aso said excess currency volatility and disorderly moves would hurt the economy, underscoring the resolve to ensure stability in currency and financial markets.
A large number of such purchases are hedged - such as via currency swaps or bond repurchase agreements - to limit exposure to currency swings.
Mnuchin has said he would not pass judgment on China's currency practices until Treasury issues its semi-annual currency report in mid-April.
That blunts the impact of a stronger currency in Chinese factories when they export goods, as a strong currency makes them less competitive.
Business Insider talked to numerous analysts and currency experts who saw the currency hitting close to $1.40 by the end of the year.
YUAN: China's currency continued to strengthen against the dollar after the U.S. Treasury Department reversed its decision to designate China a currency manipulator.
AND AS PART OF THE NAFTA DEAL, FOR THE FIRST TIME WE HAVE A VERY STRONG CURRENCY CHAPTER THAT TALKS ABOUT CURRENCY TRANSPARENCY.
This trade can only succeed when interest rates in the lending currency are low and the value of the borrowing currency is stable.
In the currency markets, the dollar held at a near three-week high as investors sought the relative safety of the U.S. currency.
"They're not currency manipulators," Trump told the The Wall Street Journal in an interview, saying Beijing hadn't been manipulating its currency for months.
Oil also fell due to a stronger U.S. dollar, which makes commodities denominated in the U.S. currency more expensive for other currency holders.
With no news or data to drive the pound, the currency was taking its cue from broader trends in currency markets, analysts said.
This view is based on: 1) the banks' extended record of sufficient access to foreign currency to service their obligations; 2) the moderate potential cost of any future foreign-currency support - given only limited foreign-currency debt in the cases of Asaka, Agrobank and MCB, and state guarantees already covering a significant part of UPSB's external funding; and (3) the state's ongoing solid ability to provide support in foreign currency, with sovereign foreign-currency reserves of around USD24bn at end-73 equal to about 2x the banking sector's total foreign-currency liabilities or 11x its external debt.
COFIDE --Foreign currency long-term IDR at affirmed 'BBB+'; Outlook Stable; --Local currency long-term IDR affirmed at 'A-'; Outlook Stable; --Foreign currency short-term IDR affirmed at 'F2'; --Local Currency short-term IDR upgraded from 'F2' to 'F1'; --Support Rating affirmed at '2'; --Support Rating Floor affirmed at 'BBB+'; --Senior unsecured debt affirmed at 'BBB+'; --Subordinated debt affirmed at 'BBB'.
Corficolombiana --Long-Term Foreign Currency IDR at 'BBB'; Outlook revised to Stable from Negative; --Short-Term Foreign Currency IDR at 'F2'; --Long-Term Local Currency IDR at 'BBB'; Outlook revised to Stable from Negative; --Short-Term Local Currency IDR at 'F103'; --Support Rating at '2'; --National Scale Long-Term Rating at 'AAA(col)'; Outlook Stable; --National Scale Short-Term Rating at 'F1+(col)'.
Sberbank's Deputy Chief Executive Alexander Morozov told Reuters last month that concerns about fresh U.S. sanctions, elevated volatility on the currency market and the seasonal demand for foreign currency during summer holidays had all driven the outflow from households' foreign currency deposits.
In the past few months alone, policy makers across developing economies have used various restrictions on the purchase or sale of domestic currency to foreigners or hard currency to nationals to get to grips with persistent currency turbulence and dwindling hard cash reserves.
"Currency markets are treading water at the moment because of the trade war concerns and in the near term we think the dollar may gain against the Chinese currency and other rivals," said Alvin Tan, a currency strategist at Societe Generale in London.
The only reason currencies exist is for us to transact … If a digital currency can do it more efficiently than paper currency can, I think there is going to be a digital currency sooner or later that competes with the major paper currencies.
Fitch Ratings has affirmed Kenya's Long-Term Foreign Currency IDR at 'B+' and downgraded the Long-Term Local Currency IDR to 'B+' from 'BB-'.
Its foreign-currency savings equal 250% of its GDP (twice the level of Saudi Arabia), so it can withstand any pressure on its currency.
On 17 February 2017, Fitch affirmed New Zealand's Long-Term Foreign-Currency IDR at 'AA' and the Long-Term Local-Currency IDR at 'AA+'.
Emerging market bond funds lost $32.6 billion, of which $13.6 billion came out of hard-currency funds and $12.6 billion from local currency equivalents.
The U.S. currency largely held onto its gains against the euro as persistent worries about the euro zone economy weigh on the single currency.
Certainly, one global currency would eliminate problems like intentional manipulation of currency values and it could make pricing transparent and eliminate foreign transaction fees.
We have affirmed their Long-Term Foreign- and Local-Currency IDRs at 'AA' and the Foreign- and Local-Currency Short-Term IDRs at 'F7503+'.
Credit Suisse also expected the Singapore dollar would resume its downtrend, advising selling when the currency bounces or using it as a funding currency.
Bank of Tokyo-Mitsubishi UFJ confirmed on Tuesday it is conducting experiments on a digital currency utilizing the technology behind the virtual currency bitcoin.
The kwacha is likely to hold firm against the U.S. dollar next week owing to tight local currency liquidity and increased hard currency inflows.
Widely known as Mr. Yen for intervening in the currency during his time as vice finance minister, Sakakibara expects the currency to continue spiking.
"If currency in a bank is worth less than currency in your hands ... that could produce something in the way of behavior," he said.
Currency traders said the shilling had also come under pressure from demand by firms seeking hard currency to pay dividends to their shareholder's abroad.
Personal deliveries of mutilated currency to the Bureau of Engraving and Printing are accepted at the Office of Currency Standards in Washington, D. C.
According to digital currency news site Dash News, those chicken joints are ten of the 2,500 Venezuelan businesses that allow payments in the currency.
NiceHash is a digital currency marketplace that matches people looking to sell processing time on their computers in exchange for the digital currency bitcoin.
But a currency intervention could spark pushback from other countries, jeopardize the dollars status as the worlds reserve currency and touch off market turmoil.
He accuses China of keeping its currency cheap, a common charge until 2015, when China began intervening in currency markets in the opposite direction.
"America is trying to decrease our foreign reserves ... So we have to increase our hard currency income and cut our currency expenditures," Rouhani said.
It has also loaned billions to Pakistan to help ease the pressure on the foreign currency reserves, which are used to defend the currency.
Zimbabwe abandoned its currency in 2008 after hyperinflation hit 500 billion percent, wiping out pensions, savings and any vestiges of confidence in the currency.
On Monday, China responded by allowing its currency to weaken past the 7 per dollar mark, prompting Washington to label Beijing a currency manipulator.
Asset quality across all segments of the economy is being affected by currency depreciation, rising inflation and scarcity of foreign currency for key sectors.
The Ukrainian currency, the hyrvnia, rose 0.39 percent to 25 hyrvnia against the U.S. dollar, extending five days of gains for the Ukrainian currency.
Asset sales would be spotted immediately when the bank releases details of its foreign-currency reserves, potentially triggering a new rush into the currency.
She also suggested a second, looser type of currency cooperation, much like the ECU (European Currency Unit) basket of currencies that preceded the euro.
But a currency intervention could spark pushback from other countries, jeopardize the dollar's status as the world's reserve currency and touch off market turmoil.
Depending on where you look, the virtual currency hit the $22017,21 milestone some time between Tuesday and early Wednesday in several digital currency exchanges.
Fitch has affirmed the following ratings: --Long-Term Foreign and Local currency IDRs at 'B'; --Short-Term Foreign and Local currency IDRs at 'B'.
Exporters would be allowed to sell hard currency to importers, and there would be no limit on bringing currency or gold into the country.
Concerns about Brexit are keeping currency traders on edge with implied volatility gauges in the pound, a measure of short-term currency fluctuations, elevated.
"The idea of the supply of currency and thinking about currency really belongs more in the sphere of government and central banks," he said.
The currency fell more than 20 percent at one point, its biggest one-day drop since Turkey adopted a floating-currency regime in 2001.
China let its yuan currency slide to an 11-year low days later, prompting the U.S. Treasury Department to label Beijing a currency manipulator.
TBILISI, Sept 27 (Reuters) - Georgia's central bank said it had sold $40 million at a currency auction on Tuesday to support the national currency.
The president often accuses the EU and China of weakening their currency, but the Treasury Department has not labeled either as a currency manipulator.
The currency will formally join the U.S. dollar, the euro, the Japanese yen and the British pound as a global reserve currency on Saturday.
In addition to seeing your expenses in your home country's currency, you can also see your expenses in the local currency, which is helpful.
A weaker currency is desireable because Japan's economy relies heavily on exports and a weaker currency makes Japanese products less expensive to foreign buyers.
TBILISI, May 17 (Reuters) - Georgia's central bank bought $20 million at a currency auction on Tuesday, as the country's lari currency continues to strengthen.
The Country Ceiling has been affirmed at 'AA-' and the Short-Term Foreign-Currency IDR and Local-Currency IDR at 'F337112' and 'F337119', respectively.
Foreigners owned 38% of central government debt in August 2017 (including 7503% in foreign currency and 17% in local currency) versus 56% in 2014.
Given China's dominant role in the international trading system "by and large every other currency would be appreciating against the Chinese currency," he said.
The euro also lost 33 percent of its value versus the Japanese currency to 124.80 as investors took shelter in the safe-haven currency.
BRASILIA (Reuters) - Brazil's Central Bank will boost its currency swap programme to reduce local currency volatility, Finance Minister Eduardo Guardia told Reuters on Friday.
TBILISI, Aug 23 (Reuters) - Georgia's central bank has bought $20 million at a currency auction on Tuesday, as the country's lari currency has strengthened.
Commerzbank currency strategist Esther Reichelt, in Frankfurt, though, said risk appetite could only drive the currency market so far before new drivers were needed.
A broad appetite for risk in currency markets on Tuesday lifted the dollar against the , a currency usually bought in times of political uncertainty.
"Of particular concern are China's lack of currency transparency and recent weakness in the currency," Steven Mnuchin, the Treasury secretary, said in a statement.
But the plunge in Turkey's currency has been triggered by markets, rather than the intervention of politicians seeking to artificially hold their currency down.
With Ms. Desmond on its currency, Canada will join several other countries that have moved toward portraying women other than monarchs on their currency.
But sudden-stop countries have large debts in foreign currency, so the currency depreciation savages balance sheets, causing a severe drop in domestic demand.
South Korea, along with China, avoided the currency-manipulator label in twice-yearly U.S. Treasury report, but was kept on a currency "monitoring list".
Among the losers, assuming China kept the currency at current rates, would be Chinese manufacturers, who benefit in foreign markets when the currency weakens.
Last year the Trump administration labeled China a currency manipulator, before removing the tag this week as a result of China's new currency commitments.
The currency agreement contains pledges by China to refrain from competitive currency devaluations and to not target its exchange rate for a trade advantage.
YOU MOVE THE CHINESE CURRENCY, THE EUROPEAN CURRENCY WILL MOVE WITH IT A STRONGER DOLLAR AND LOWER DOLLAR EARNINGS IF THAT GOES THAT WAY.
Currency war US President Donald Trump has accused China of deliberately devaluing its currency as the trade war between the two countries has escalated.
Depending on where you look, the virtual currency hit the $22017,22017 milestone some time between Tuesday and early Wednesday in several digital currency exchanges.
Fitch has also affirmed the Chinese homebuilder's foreign-currency and local-currency senior unsecured ratings and the ratings on its outstanding notes at 'BBB+'.
Despite recent losses, it is still up more than 11 percent this year, making it the best performing currency in the G10 currency space.
Trump took the rare step of declaring China a currency manipulator in August, and it's unclear if a currency deal would reverse that designation.
Long-Term Foreign and Local Currency IDR: affirmed at 'BBB'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F3' Poste Italiane Long-Term Foreign Currency IDR: affirmed at 'BBB+'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F2' Senior unsecured debt: affirmed at 'BBB+/F2' Cassa Depositi e Prestiti Long-Term Foreign Currency IDR: affirmed at 'BBB+'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F2' Senior unsecured debt: affirmed at 'BBB+/F2' Sace Long-Term Foreign and Local Currency IDR: affirmed at 'A-'; Outlook revised to Negative from Stable Short-Term Foreign Currency IDR: affirmed at 'F0003' Subordinated debt: affirmed at 'BBB' Contacts: Primary Analysts Sergio Ciaramella (Finlombarda, Cassa Depositi e Prestiti) Director +39 02 87 90 87 216 Fitch Italia S.p.
"My party does not propose or support using the euro, so the options the commission has been looking at: sterling in a currency union, sterling outwith a currency union, or a process that would lead to a distinctive Scottish currency over time," she said.
The higher turnover is in line with the Bank of International Settlements' triennial survey in August, the most comprehensive survey of the global currency markets, which showed the Chinese currency was the world's eighth most traded currency with an overall market share of 4.1%.
The issue ratings on Ireland's Long-Term senior unsecured Local Currency bonds have also been affirmed at A. The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F1' and a new Short-Term Local Currency (STLC) IDR of 'F1' has been assigned.
CURRENCY The currency agreement contains pledges by China to refrain from competitive currency devaluations and to not target its exchange rate for a trade advantage -- language that China has accepted for years as part of its commitments to the Group of 20 major economies.
Woori, like its local peers, is dependent upon foreign-currency wholesale funding to support foreign-currency lending, but this is mostly long-term in nature.
Martha Washington, the country's first First Lady featured on paper currency in the 1800s, the last time a woman has appeared on US paper currency.
The issue ratings on Cameroon's senior unsecured foreign- currency bonds and the Short-Term Foreign and Local Currency IDRs have also been affirmed at 'B'.
After the surprise Brexit vote in June created currency headwinds for Oracle last quarter, this quarter was hampered by an unforeseen Egyptian currency exchange loss.
Last year, investors in local currency EM debt enjoyed a huge tailwind as the MSCI EM currency index rose 3.5 percent against the U.S. dollar.
The Short-Term Foreign-and Local-Currency IDRs and the rating on the short-term local-currency securities have been downgraded to 'B' from 'F3'.
The EU rule imposes a "variation margin" on banks, companies and funds that use currency forwards and other derivatives to hedge exposures to currency risks.
Given the negative response that controlling the currency would likely garner from the IMF, Egypt is likely to let its currency weaken, the consultancy said.
Among his priorities is making the real a fully convertible currency, reducing barriers on foreign exchange to make it a reference currency for South America.
These sectors might benefit from another currency devaluation, which many economists believe is inevitable given sliding black market currency rates, although the timing is unclear.
Its central bank has refrained from weakening the currency through market intervention, as a precaution against being labeled a currency manipulator by the U.S. Treasury.
Bulgaria meets the nominal criteria to adopt the common currency, with low inflation, healthy public finances and its lev currency already pegged to the euro.
But at its core bitcoin is a currency, it was designed to function as a currency and currently that is its highest and best use.
Additionally, the yen is considered a safe-haven currency and increased concerns over the risk of a Brexit may be driving funds into the currency.
On August 20th the government will knock five zeros off its currency and anchor it to the oil price via a government-run virtual currency.
The Japanese currency has fallen against both units after rising to recent highs in late March, said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.
Apple CEO Tim Cook blamed the decline on China's weakening economy and currency headwinds; on a constant currency basis, sales were down only 7 percent.
Last week, Marcus told Reuters the association could consider ditching the currency basket and instead issue tokens for different countries, backed in the local currency.
The central bank stopped the dollar sales this month to preserve dwindling foreign currency reserves, irritating Nigerians trying to get hard currency for travelling abroad.
Reports suggest that the currency could be designed to be a "stablecoin," with a value pegged to US currency in an attempt to minimize volatility.
ZAMBIA The kwacha is likely to hold firm against the U.S. dollar next week owing to tight local currency liquidity and increased hard currency inflows.
With the rand currency losing half its value since 2007, Bain's investment was deep underwater and Edcon struggled to pay down foreign-currency denominated borrowings.
Reported EBITDA for the infrastructure business declined modestly in 1H17 due to adverse currency effects - on a local-currency basis, reported EBITDA increased by 103%.
On Monday, China responded by allowing its currency to weaken past the key 7 per dollar mark, prompting Washington to label Beijing a currency manipulator.
CIC --Long-Term Foreign Currency IDR at 'BBB'; Outlook revised to Stable from Negative; --Short-Term Foreign Currency IDR at 'F2'; --Support Rating at '2'.
Currency markets had breathed a sigh of relief after Beijing signalled its tolerance of a stronger currency by fixing a stronger daily midpoint than expected.
"  The intended goal of currency removal was to "strengthen the hands of the common man in the fight against corruption, black money and fake currency.
President Tayyip Erdogan has called on citizens to convert their hard currency and gold into lira to protect the Turkish currency from an economic attack.
Japan has manipulated currency (even with our consent), and Germany has benefited tremendously from its stealth "currency manipulation" achieved through its membership in the Eurozone.
The yen, considered a "safe haven" currency in Asia, has strengthened throughout 2016, although the currency has been hammered 4 percent since Trump was elected.
The move was intended to unlock foreign currency inflows and end a black market for dollars that had sucked foreign currency from the banking system.
Albayrak said locals had begun converting foreign currency holdings to Turkish lira and he believed the conversion of foreign currency deposits to lira will accelerate.
The volatile digital currency has now roughly doubled in the past month, and Schlossberg sees further upside for the currency that's enjoyed a "parabolic" rise.
Issuing (a currency) is something, but you also need the backbone of the currency; reserves, gold, oil and that is part of the business plan.
"Everything people are hearing from the UK is not positive for its currency," said Paresh Upadhyaya, director of currency strategy at Pioneer Investments in Boston.
Seeing as the next Treasury report on currency manipulation is in April, Trump could preemptively set the TPP currency manipulation declaration into the NAFTA renegotiation.
The OJK said banks' foreign currency denominated credit contracted 11.76 percent from a year ago in August, while loans in local currency grew 10.70 percent.
The VRs also factor in the banks' high, above-sector-average foreign currency loans, a large share of which consists of foreign currency-indexed lending.
Fitch calculates that at end-1H16 both banks' foreign currency liquidity buffers covered their short-term foreign currency non-deposit liabilities due within a year.
The major Indonesian banks have generally become more selective in extending foreign-currency loans, seeking to match these loans with funding from foreign-currency deposits.
The moves were intended to unlock foreign currency inflows and end a black market for dollars that had sucked foreign currency from the banking system.
Banks' market access and foreign-currency liquidity have remained adequate, but foreign-currency liquidity could come under pressure if there is a prolonged market closure.
Britain isn't Greece: It has its own currency and borrows in that currency, so it's not at risk of a run that creates monetary chaos.
Outflows totalled 626 million euros and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
The bank's Long-Term Local Currency IDR is above the sovereign's Local Currency IDR and as such would be sensitive to any sovereign rating action.
Gazprom will decide in which currency payments will be made, but did not specify which risks may trigger the use of an "alternative payment currency".
Based on these drivers, the bank's IDRs are aligned with Chile's Sovereign Foreign-Currency IDR ('A+'; Outlook Stable) and Local Currency IDR ('AA-'; Outlook Stable).
Because to be a currency manipulator a country needs to spend 2% of its gross domestic product over a 12-month period on currency manipulation.
G20 ministers have pledged to avoid currency manipulation, and promised in February to inform one another of policy decisions that could lead to currency devaluation.
In currency markets, the U.S. dollar tumbled nearly 1 percent against the yen on Japanese trade data and U.S. resistance to currency intervention by Tokyo.
The continuing currency crisis, with a more than 40 percent currency devaluation in the past two years, shows no signs of abating without policy change.
The trade enables investors to hedge their currency risk and simultaneously pick up some yield using what's known as a cross-currency basis swap agreement.
That turned them into the first prominent virtual currency millionaires in 22014, back when Bitcoin was primarily known as a currency for online drug dealers.
Egypt floated its currency in November as part of a series of economic reforms aimed at reducing the budget deficit and balancing the currency market.
Washington's designation of China as a currency manipulator on Monday deepened the anxiety in markets worried about the potential flare-up of a currency war.
"I'm not guiding currency policy with specific levels in mind... stability in the currency market is very important," Aso told reporters after a cabinet meeting.
The bank ran a pilot using an in-house digital currency to conduct interbank transactions on a blockchain in 2016, snubbing the existing bitcoin currency.
"Foreign currency arising from conversion of export proceeds will be used to ensure continuous liquidity of foreign currency in the onshore market," the statement said.
Trump's view: If Germany had its own currency, the value of that currency would be much higher than the Euro to reflect its higher productivity.
Mr. Trump's mention of the currency suggested he is concerned that a rapid depreciation in Turkey's currency has essentially mitigated the effect of his tariffs.
Outflows were 469 million euros, and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
Although a currency manipulator typically refers to a nation that intentionally weakens its currency to boost exports, Bass stressed the opposite is true with China.
Outflows were 1,046 million euros, and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
Demand for local currency bonds has declined and yields have risen since currency crises in Argentina and Turkey scared foreign investors away from emerging markets.
"We would like for Libra to be a digital, global currency, and to be one unit of digital currency for the whole world," he said.
Outflows totalled 1.074 billion euros, and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
Payment for a property can be made in foreign currency or Brazilian reals, but the price must be registered by the notary in local currency.
"The most important driver of China's currency is now economic slowing, which is increasing in scale and scope," said Lee Hardman, currency analyst at MUFG.
The U.S. currency on Thursday gained 8.06 percent against the Brazilian real, which posted the highest losses since the country devalued its currency in 1999.
The rupee has lost 2.2 percent so far this year, but currency dealers say dollar demand has slightly waned, lending support to the domestic currency.
CURRENCY DEVALUATION Japanese Finance Minister Taro Aso said that a currency provision aimed at preventing competitive devaluation would not be included in the final deal.
Telefonos de Mexico S.A.B. de C.V. --Local currency Long-Term IDR at 'A'; --Foreign currency Long-Term IDR at 'A'; --Senior notes issuances at 'A'.
The digital currency last traded at $10,325.08, according to CoinDesk's bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
That turned them into the first prominent virtual currency millionaires in 22013, back when Bitcoin was primarily known as a currency for online drug dealers.
"The C.F.A. franc is the last colonial currency in activity," Mr. Sylla said, noting that it is a direct holdover of a colonial currency system.
Outflows totalled 3.1 billion euros, and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
Banco Davivienda (Costa Rica) --Foreign Currency Long-term IDR downgraded to 'BB+' from 'BBB-'; Outlook revised to Stable from Negative; --Foreign Currency Short-term IDR downgraded to 'B' from 'F3'; --Local currency long-term IDR downgraded to 'BBB-' from 'BBB'; Outlook revised to Stable from Negative; --Local currency short-term IDR affirmed 'F3'; --Support rating downgraded to '3' from '2'; --Viability rating affirmed at 'bb-'.
Fitch has affirmed the following ratings: Banco Agromercantil de Guatemala, S.A. --Long-Term Foreign Currency IDR at 'BB+'; Outlook Stable; --Short-Term Foreign Currency IDR at 'B'; --Long-Term Local Currency IDR at 'BBB-'; Outlook Stable; --Short-Term Local Currency IDR at 'F3'; --Viability Rating at 'bb'; --Support at '21'; --National scale long-term rating at 'AAA(gtm)' ; --National scale short-term rating at 'F2212+(gtm)'.
Fitch has affirmed Banco Macro's ratings as follows: --Foreign Currency Long-term IDR at 'B'; Outlook Stable; --Foreign Currency Short-term IDR at 'B'; --Local Currency Long Term IDR at 'B'; Outlook Stable; --Local Currency Short Term IDR at 'B'; --Viability Rating at 'b'; --Support Rating at '5'; --Support Rating Floor at 'NF'; --USD400 million Tier II subordinated medium term notes at 'B-/RR6'.
Corficolombiana --Long-Term Foreign Currency IDR 'BBB+', Rating Watch Negative maintained; --Long-Term Local Currency IDR 'BBB+', Rating Watch Negative maintained; --Short-Term Foreign Currency IDR 'F2', Rating Watch Negative maintained; --Short-Term Local Currency IDR 'F20153', Rating Watch Negative maintained; --Support Rating affirmed at '2'; --National Scale Long-Term Rating affirmed at 'AAA(col)'; Outlook Stable; --National Scale Short-Term Rating affirmed at 'F1+(col)'.
Occidente --Long-Term Foreign Currency IDR affirmed at 'BBB', Outlook Stable; --Long-Term Local Currency IDR affirmed at 'BBB', Outlook Stable; --Short-Term Foreign Currency IDR affirmed at 'F3'; --Short-Term Local Currency IDR affirmed at 'F3'; --Viability rating affirmed at 'bbb'; --Support Rating affirmed at '2'; --National Scale Long-Term Rating affirmed at 'AAA(col)'; Outlook Stable; --National Scale Short-Term Rating affirmed at 'F1+(col)'.
Fitch has affirmed the following ratings: Banca Mifel S.A. --Foreign currency Long-Term Issuer Default Rating (IDR) at 'BB'; Outlook Stable; --Foreign currency Short-Term IDR at 'B'; --Local currency Long-Term IDR at 'BB'; Outlook Stable; --Local currency Short-Term IDR at 'B'; --Viability rating at 'bb'; --National Scale Long-Term rating at 'A(mex)'; Outlook Stable; --National Scale Short-Term rating at 'F20153(mex)'.
Westpac New Zealand Limited: Long-Term Foreign-Currency IDR affirmed at 'AA-'; Outlook Stable Short-Term Foreign-Currency IDR affirmed at 'F1+' Long-Term Local-Currency IDR affirmed at 'AA-'; Outlook Stable Short-Term Local-Currency IDR affirmed at 'F1+' Viability Rating affirmed at 'a' Support Rating affirmed at '13' Senior unsecured rating for long-term notes issued through Westpac Securities NZ Limited affirmed at 'AA-'.
Long-Term Local Currency IDR downgraded to 'BBB-' from 'BBB'; Outlook Stable National Long-Term Rating affirmed at 'AA(zaf)'; Outlook Stable National Short-Term Rating affirmed at 'F1+(zaf)' Senior unsecured local currency Rating downgraded to 'BBB-' from 'BBB' National senior unsecured long term rating affirmed at 'AA(zaf)' Long-Term Foreign Currency IDR unaffected at 'BBB-'; Outlook Stable Short-Term Foreign Currency IDR unaffected at 'F3' Short-Term Local Currency IDR unaffected at 'F3' State-owned Transnet SOC Ltd is rated on a stand-alone basis and its Long-Term Local Currency IDR is constrained by the rating South African sovereign parent.
All else constant, higher interest rates tend to buoy the value of a country's currency by attracting foreign investment and demand for the home country's currency.
That's historically not something positive for a currency, also not for the U.S. dollar, and I think this will also start to weigh on the currency.
"We have seen increased dollar inflows(s) from offshore investors into the economy ... this has helped stabilise the currency market," one senior currency trader told Reuters.
The world's reserve currency A unilateral move by Washington could erode the trust in the institutional foundations of the dollar as the world's foremost reserve currency.
This is because the euro was designed to be an "irreversible currency" – meaning that once a member joins, it is set to keep that currency forever.
We are taking a methodical and measured approached to ensure that anti-money laundering mechanisms are embedded into the currency itself – a first for any currency.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F1+' and a new Short-Term Local Currency (STLC) IDR of 'F1+' has been assigned.
This week for CNBC's "Trader Poll," we want to know which foreign currency will likely be the biggest target of currency manipulation accusations under President Trump.
Tying currency to gold would make President Donald Trump's promise of ending currency manipulation a lot more doable, former Trump advisor Judy Shelton told CNBC Wednesday.
The iShares' Currency-Hedged International High-Yield Bond ETF (HHYX) tracks an index of high-yield bonds from developed foreign markets and hedges against currency fluctuations.
There's also a currency in the game that will let you buy items directly, yet you can only earn that currency by opening a loot box.
The country's 16-year-old currency control mechanism, originally created by late socialist President Hugo Chavez, has for years sold hard currency to businesses seeking it.
To be long a currency is to bet it will appreciate in value while to be short a currency means investors bet its value will fall.
A broad appetite for risk in currency markets on Tuesday lifted the dollar against the Japanese yen, a currency usually bought in times of political uncertainty.
Items included in each of the group's entities are measured using the currency of the primary economic environment in which the entity operates ("the functional currency").
On the currency front, the U.S. dollar/ Japanese yen currency pair was trading at 20.5, breaking above 24 levels for the first time since late April.
Persistent depreciation fears along with China's tighter capital controls and currency interventions have dealt a setback to Beijing's ambitions to make the yuan a global currency.
That resulted in an effective 2 percent devaluation in the currency, a move that sparked fears of a "currency war" to make Chinese exports more competitive.
Outflows totalled about 2.0 billion euros, and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
The currency fell on news of the FBI probe since Trump's stances on immigration and trade relations are seen as key risks for the Mexican currency.
Last March the group mandated the use of its own currency in eastern Syria, an order it later extended to currency dealers and money-transfer shops.
EURGBPVOL= "The fundamentals still are not positive, they are negative," said Josh O'Byrne, a currency strategist with Citi, the world's single biggest currency trader, in London.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F11033' and a new Short-Term Local Currency (STLC) IDR of 'F1' has been assigned.
Outflows totalled roughly 1.29 billion euros, and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
But the Reserve Bank must be a considered prospector in the exploration for digital currency benefits - we have New Zealand's currency and financial system at stake.
Outflows totalled roughly 1.46 billion euros and reflected changes in credit institutions' foreign currency required reserves, interest payments and principal repayments on foreign currency public debt.
Comments by Japan's top currency diplomat Masatsugu Asakawa, who said he will respond if there are excessive currency moves, had a limited impact on the pair.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F2' and a new Short-Term Local Currency (STLC) IDR of 'F2' has been assigned.
That's not your typical scenario of currency manipulation, in which current accounts fail to narrow, the local currency does not appreciate and central bank reserves rise.
The U.S. Treasury issued its semiannual currency report on Friday and Japan was one of the U.S. trading partners who were on a currency "monitoring list".
And thirdly, "Persistent, one-sided intervention" in the currency market, including repeated purchases of foreign currency (which drives up other currencies and drives down local currencies).
Venezuelans will not need to turn in the currency now in their wallets but all new currency printed or minted will be in the new denominations.
The National Front's Le Pen had campaigned for a withdrawal from the currency union, saying she would replace it with the franc as France's national currency.
In efforts to prop up the currency the bank has sold more than $13.5 billion this year, leaving it with $54.3 billion in foreign currency reserves.
Raw Materials, Currency Exposure: Michelin has a high exposure to foreign exchange due to currency translation risks and the difficulty in exactly matching production and sales.
Zimbabwe, which now uses the U.S. dollar after abandoning its currency in 2009 after hyperinflation, plans to introduce a new currency in the next 12 months.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F3' and a new Short-Term Local Currency (STLC) IDR of 'F3' has been assigned.
Currency depreciation, a key policy transmission channel for most central banks, also has limits as too many countries trying to devalue leads to a currency war.
This represents a serious setback to two of the government's primary goals — making China's currency fully convertible and attaining international reserve currency status for the renminbi.
Ncube also told reporters shortly after being sworn into office that he would look to remove Zimbabwe's quasi currency bond note as part of currency reforms.
IT WOULD HAVE BEEN VERY HARD ON THE MERITS TO JUSTIFY DESIGNATING CHINA A CURRENCY MANIPULATOR WHEN THEY'RE INTERVENING TO PROP UP, TO DEFEND THEIR CURRENCY.
"This dynamic where you could cheapen your currency versus others in the world, then you create this retaliatory currency war we've seen play out," he said.
One of the reasons the yen is rising is on its status as a safe-haven currency, with inflows into the currency driven by market volatility.
In addition, a senior administration official said Trump was unlikely to raise with Abe his frequent charge that Japan manipulates currency markets to lower its currency.
To be sure, bitcoin is a highly volatile asset, and analysts remained cautious that the Digital Currency Group's agreement sounded the all-clear for the currency.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F1+' and a new Short-Term Local Currency (STLC) IDR of 'F183+' has been assigned.
S&P currently rates South Africa's foreign currency debt at BB with a stable outlook and its local currency debt at BB+ with a stable outlook.
It also said that the cost of hedging currency risks and currency preferences of bank depositors would also play a role in its further rate decisions.
The Polish zloty currency has weakened following Britain June 23 vote to quit the EU and Glapinski said the weaker currency was stimulating growth in Poland.
BIR's Long-Term Foreign Currency IDR is constrained by Russia's 'BBB-' Country Ceiling, and the Long-Term Local Currency IDR also takes into account country risks.
BRASILIA, May 18 (Reuters) - Brazil's Central Bank will boost its currency swap program to reduce local currency volatility, Finance Minister Eduardo Guardia told Reuters on Friday.
Fitch has also affirmed the ratings on Japan's long-term senior unsecured local-currency bonds at 'A' and short-term unsecured local-currency bonds at 'F7503'.
Bitcoin has performed better than every central bank-issued currency in every year since 2011 except for 2014, when it performed worse than any traditional currency.
"We are sort of caught in a no-man's land at the moment," said Javier Corominas, an analyst with currency fund Record Currency Management in London.
While reported financial performance is exposed to currency-volatility effects, CKHH mitigates such risks by broadly matching denomination of debt with the currency of underlying assets.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F1' and a new Short-Term Local Currency (STLC) IDR of 'F1' has been assigned.
The British currency slipped 0.2 percent to $1.3942 as broader currency markets stuck to established ranges before a G20 meeting next week amid rising trade tensions.
The International Monetary Fund provides tested ways to identify currency manipulation, accepted by countries worldwide, that distinguish between legitimate central bank demand management and currency manipulation.
The Japanese yen is traditionally viewed as a safe-haven currency but has performed badly versus the U.S. currency recently and remains near 11-month lows.
It is also useful for people in countries where the local currency is unstable, such as Venezuela, or where governments have currency controls, such as China.
Dynamic currency ripoff reversal would detect when you were cheated by a dynamic currency conversion scam and automatically credit back the amount you got ripped off.
Nigeria agreed to a three-year $2.5 billion currency swap to boost its reserves with the understanding that the yuan would become a Nigerian reserve currency.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'F33003+' and a new Short-Term Local Currency (STLC) IDR of 'F1+' has been assigned.
The currency bottomed out with a 403 trillion Zimbabwean dollar note — worth about 35 American cents — before the government abandoned its currency and adopted the greenback.
"I am very clear that there have to be currency reforms and the current currency approach is not working," Ncube told the government-owned Sunday Mail.
Japan's life insurers, big players in the global financial markets, thus hold foreign-currency bonds as a hedge against the currency risk stemming from these products.
The kwacha is expected to hold firm against the U.S. dollar next week, supported by tight local currency liquidity and an increasing supply of hard currency.
The Short-Term Foreign Currency (STFC) IDR has been affirmed at 'B' and a new Short-Term Local Currency (STLC) IDR of 'B' has been assigned.
The euro was up 0.15 percent to $1.1788 after Morgan Stanley raised its currency forecasts for the currency, predicting it would hit $1.25 early next year.
They remain sensitive to further potential local currency depreciation or sovereign downgrades, which would result in higher risk weightings on foreign currency reserves and government debt.
Higher interest rates traditionally translate into a boost for a country's respective currency, since higher rates make it more attractive to store wealth in that currency.
The EU even has its own currency (though not all EU member states use it) — the euro, which has become the world's second most important currency.
Non-oil exporters will be allowed to sell hard currency to importers, and there will be no limit on bringing currency or gold into the country.
A more than 60% devaluation of the riyal currency has forced some small factories to close down due to scarcity of raw materials and hard currency.
Although Bitcoin has left behind some of its associations as a black market currency, the infrastructure surrounding the virtual currency is still largely unregulated and untested.
Critics of the EU have viewed the euro currency as an unfair burden on national governments facing debt, as it prevented them from manipulating their currency.
Countries like Kenya and India are already operating digital currency networks, and the People's Bank of China says it will release a digital currency this year.
Facebook is willing to reverse course on its plans to tie its digital currency project to a synthetic currency tied to a basket of global currencies.
The rotation of cryptocurrencies allows investors who missed the initial wave of digital currency investment with bitcoin to invest in other digital currency assets, Lee said.
It proposes governments that control their own currency can spend freely, as they can always create more money to pay off debts in their own currency.
It seems bitcoin has come out swinging against fiat currency — as one of the world's largest fiat currency exchanges is offline due to a software virus.
Long-Term Foreign-Currency IDR affirmed at 'A'; Outlook Stable Long-Term Local-Currency IDR affirmed at 'A'; Outlook Stable Guangzhou Metro Investment Finance (BVI) Ltd.
He also said Apple would not follow Facebook in creating its own currency, saying he was not comfortable with a private company establishing a competing currency.
That means anyone who managed to snag a copy of Yoshi's Crafted World from Target earned more in digital currency than they paid in real currency!
What began as a currency championed by libertarians advocating decentralized currency or criminals trying to avoid law enforcement has been embraced by venture capitalists and investors.
Facebook – Facebook said it is open to a possible currency peg for its digital currency project "Libra," in the face of growing issues and partner pullouts.
Japan also said it would suspend negotiations over a currency swap meant to help South Korea stabilize its currency, the won, in times of financial crisis.
Perng declined to comment on whether the stronger local currency is related to concerns Taiwan may be labeled as a currency manipulator by the United States.
He had even touted a Singapore-style system where a currency target path replaces official interest rates and the central bank intervenes to manage currency swings.
But high currency hedging costs have stifled their demand for U.S. Treasuries, while high currency hedging costs have also prompted a move towards unhedged foreign bonds.
CURRENCY DEVALUATION Japanese Finance Minister Taro Aso has said that a currency provision aimed at preventing competitive devaluation would not be included in the final deal.
But traders are also aware that the prospects of more U.S. rate hikes may not lift the U.S. currency, considering other factors weighing on the currency.
This was the first time ever that a junk-rated country was able to sell 218-year bonds denominated in a foreign currency, or any currency.
Bitcoin has performed better than every central-bank-issued currency in every year since 2011 except for 2014, when it performed worse than any traditional currency.
This week, investors feared that the trade war was turning into a currency war as Beijing allowed its currency to slip to the weaker side of 7 per dollar for the first time in more than a decade and Washington labeled the country a currency manipulator.
As for the question about confidence in policymakers' ability to control outflows and the currency, HSBC Holdings currency strategist Daragh Maher points out that the depreciation shows China's authorities are actually making good on promises to allow their currency to be more driven by market forces.
They are also used to perform virtual currency arbitrage: By simulating presence in different countries, the attacker can purchase virtual goods in one location (the one with the weaker currency), resell them at another location (the one with the stronger currency) and pocket the price difference.
According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are going to replace paper money as a transactional currency.
On Friday morning, Reuters reported that "risk reversals" on the currency — a measure of calls versus puts — indicated that currency traders were adding bets against the pound.
On Monday, China responded by allowing its currency to weaken past 7 per dollar for the first time since 2008, and Washington labeled Beijing a currency manipulator.
Balogun said the bank intends to continue to reschedule foreign currency loans and issue local currency bonds this year as it expects Nigeria's economy to remain challenging.
China's currency manipulation Trump contradicted his own Treasury Department by calling China a currency manipulator weeks after the agency skipped slapping that label on the Asian giant.
Under a "hard fork", Bitmain would create an entirely new version of the bitcoin blockchain, resulting in an entirely new bitcoin currency, separate from the original currency.
The CBN's initiatives are an important boost for banks as access to foreign currency liquidity is tight and banks have struggled to meet their foreign currency obligations.
JU: Well, the currency obviously has a big impact on the Chinese consumers' spending power overseas, and Chinese people are probably the smartest at currency arbitrages, right?
With a truly stable currency, on the other hand, you can have currency conversion, remittance, ATM withdrawals and other financial services with lower fees than fiat systems.
Egypt, which relies heavily on imports, has been facing a foreign currency shortage since a 2011 uprising drove away tourists and investors - major sources of hard currency.
In the past, banks generally benefited from the appreciation of the Chinese currency, but are now exposed to currency risk amid expectations the yuan will decline further.
Exchange rates and currency effect Exchange rate fluctuations do not generate operational risks, because each subsidiary bills its revenues and incurs its expenses in the same currency.
Since Turkey's currency crisis last year, where the lira halved in value at one stage, companies constrained by the currency weakness have sought to restructure their debts.
Last month, Finance Minister Luis Caputo said Argentina planned to issue $14 billion in local currency bonds in 2017, along with $10 billion in foreign currency bonds.
Russia's ailing national currency, the ruble, jumped too, rallying more than any other national currency on Thursday just days after Trump made the much-anticipated decision official.
"If currency depreciation is extended, or during market distress periods, correlation between bond prices and the currency may turn positive as investors' expectations move toward higher rates."
It has only enough foreign currency reserves to cover about three weeks of imports and its franc currency has lost half its value in the past year.
Janet Yellen's speech on Friday morning threatens to have a profound effect on the currency market, according to longtime currency trader Boris Schlossberg of BK Asset Management.
Certainly for anyone who actually follows the Chinese currency, it's clear that China has not been trying to weaken its currency for the past couple of years.
CURRENCY WARS: Trump's comments on Tuesday come despite a warning from Beijing that labelling it a currency manipulator would have severe consequences for the global financial order.
His government also recently imposed de facto currency controls, reportedly telling local banks not to lend the country's currency to foreigners in order to keep it stable.
While many creditors are getting paid in foreign currency, taxes have been deductible in the national local currency, the kwanza, which is now under heavy inflation pressure.
ZAMBIA The kwacha is expected to hold firm against the U.S. dollar next week, supported by tight local currency liquidity and an increasing supply of hard currency.
Nigeria's government debt is 77% denominated in local currency, which makes it less susceptible to exchange rate risk, but the share of foreign currency debt is increasing.
But it also makes the Libra Association a de facto central bank, actively managing the currency for stability backed by a reserve of bonds and liquid currency.
That's what crypto was originally for, which was to be able to deal with North Korean currency or deal with Venezuelan currency, and I think it's brilliant.
Investors are watching the currency after it breached the 7-yuan-per-dollar level Monday, which prompted the U.S. Treasury department to call Beijing a currency manipulator.
A positive factor is that most of UPSB's and Asaka's borrowers, who have taken foreign-currency loans, are either state-owned/guaranteed or have foreign-currency revenues.
In Russia and Turkey, retail lending is predominantly or exclusively in local currency; Fitch views this positively because retail customers rarely have access to foreign currency income.
"The ECB governing council is unlikely to say anything supportive of the currency at its Thursday meeting," said John Hardy, head of currency strategy at Saxo Bank.
Based on these drivers, the bank's IDRs are aligned with Chile's Sovereign Foreign-Currency IDR ('A+'/Outlook Negative) and Long-Term Local Currency IDR ('AA-'/Outlook Negative).
Morgan Stanley strategists said unhedged currency inflows into European stocks have picked up noticeably in recent weeks, pushing up the single currency despite shrinking interest rate differentials.
Larger Moroccan corporates already actively use currency derivatives and banks do not expect these borrowers to have problems servicing their FC loans once the currency regime changes.
A foreign currency overhang remains for the system, whereby around ISK11533bn is held by non-residents who have been unable to convert these amounts to foreign currency.
The British currency has become increasingly correlated to risk appetite in recent weeks and concerns over a widening emerging market currency selloff had also weighed on sterling.
While manipulator countries usually sell their own currency for that of other nations to lower the value of the home country currency, Germany's manipulation is more subtle.
Additionally, Rickards pointed to candidate Trump's accusation that Germany was a currency manipulator even though the country doesn't have its own currency and instead uses the euro.
The bank has built up foreign currency reserves by selling francs and buying foreign currency to weaken the franc, which it has consistently described as "significantly overvalued".
Taiwan's central bank has refrained from weakening the currency through market intervention, a precaution against the possibility of being labelled a currency manipulator by the United States.
But Facebook's digital currency, a "stable coin," would likely be less attractive to speculators because of its fixed price tied to a currency like the U.S. dollar.
Traders also said that markets hit by currency depreciations last year have better purchasing power now due to improved currency management and lower palm prices versus 2018.
"The odds are skewed toward a weaker currency at this point forward," said Mark Chandler, head of Canadian fixed income and currency strategy at RBC Capital Markets.
Ongoing FX Headwind: MIC's recent solid performance has been largely diluted by the ongoing local currency depreciation against the U.S. dollar, the reporting currency of the company.
That's because, as we have seen for some time, and even Paul Krugman acknowledges, currency manipulation can be achieved by more opaque means outside the currency markets.
Albania-based foreign banks ship out hard currency via air through Rinas airport to Vienna, because the central bank does not accept their deposits of hard currency.
These countries have experienced sharp currency depreciations and foreign-currency (FC) lending is high, while regulators have yet to fully quantify asset-quality risks and promote recapitalisation.
Azerbaijan had to devalue its currency twice last year, after its central bank burned through some $10 billion of foreign-currency reserves trying to defend the manat.
No other currency comes close to ticking all four boxes like the dollar, and it has been the world's reserve currency of choice for over 50 years.
Turkey's Long-Term Local-Currency IDR has been affirmed at 'BBB-' and the issue ratings on Turkey's senior unsecured local-currency bonds have also affirmed at 'BBB-'.
The issue ratings on Turkey's Hazine Mustesarligi Varlik Kiralama Anonim Sirketi's foreign-currency and local-currency global certificates (sukuk) have been affirmed at 'BB+' and 'BBB-', respectively.
Many large employers have "salary protection" plans to buffer employees from currency fluctuations, and they typically kick in when a currency falls 7 percent to 15 percent.
NEW YORK (Reuters) - Bank of Tokyo-Mitsubishi UFJ confirmed on Tuesday it is conducting experiments on a digital currency utilizing the technology behind the virtual currency bitcoin.
Declines came as China allowed its currency to fall below what was once considered to be a red-line in the country's currency peg against the dollar.
While Kamil expects to return to the hard currency bond markets, the country is also considering ways to cater to the rising appetite for local currency debt.
This past June, a hacker stole more than $50 million worth of Ether, another digital currency, from an experimental virtual currency project called the Decentralized Autonomous Organization.
Rate hikes traditionally boost the price of a currency as they lead to better yields for assets denominated in that currency — and thus more inflows from investors.
Indeed, currency speculators in Chicago currency futures became net yen buyers this month for the first time since Prime Minister Shinzo Abe took office in late 2012.
"Political events over the coming months will be what drives the currency so we do not have a position in the currency at the moment," he said.
The Trump administration this year stopped short of officially calling China a "currency manipulator," and China's currency has actually been fairly steady for most of the year.
The currency moved wildly during the session after the United States earlier said that Seoul and Washington had currency side deal when revising the existing trade pact.
"Until we get a concrete signal on fiscal policy, currency markets remain in a holding pattern," said currency strategist Erik Nelson of Wells Fargo in New York.
The currency had rebounded some 6 percent on Wednesday after the central bank squeezed lira liquidity in the market, effectively pushing up rates and supporting the currency.
Royal Caribbean said it expected net yields to rise about 4 percent on a constant-currency basis in the current quarter and 0.5 percent including currency fluctuations.
The investment is primarily fiat currency with "a small percentage" of tokens; the latter will be converted to fiat currency or held in stablecoin, the company confirmed.
In just one year, Venezuela's currency has weakened 97.5 per cent against the greenback, meaning $1,000 of local currency purchased then would be worth just $25 now.
The Central Bank holds $43.5 billion in foreign currency reserves, enough to sustain the peg for one to two decades at the current pace of currency conversions.
Concentration risks are manageable with the largest exposures, which are frequently in foreign currency, typically to prime corporates with diverse businesses and access to foreign currency revenues.
The Treasury Department determines whether a country should be labeled a currency manipulator based on bilateral trade deficits and signs that a country is depressing its currency.
If Greece were an independent country with its own currency, it could have addressed the crisis by devaluing its currency and stabilizing its debt with depreciated cash.
China is eager for the renminbi to replace the dollar as a reserve currency, but few investors want to hold a currency governed by strict capital controls.
It bought up tons of foreign currency, mainly dollars, in order to keep its own currency lower, accumulating $4 trillion worth of foreign exchange reserves by 2014.
Highly choppy currency trade could continue towards the end of month, when there tend to be large flows from corporate and investors to hedge their currency exposures.
China further rattled markets on Monday by allowing its currency to sharply lose value against the US dollar, raising the specter of a full-blown currency war.
The Trump administration would most likely also be pleased, because although the rule change would amount to Chinese currency manipulation, it would keep China's currency from weakening.
The fall below $1.25 was significant, said Lee Hardman, a currency analyst at MUFG Bank, suggesting to investors that there were broad worries about the British currency.
In China their currency is dropping like a rock and our currency is going up and I have to tell you it puts us at a disadvantage.
Trump's trade nominee unsure whether China is manipulating its currency: Lighthizer also questioned whether China is still manipulating its currency to gain an advantage in global markets.
Adding to pressure on the currency, U.S. President-elect Donald Trump has vowed to label China a currency manipulator on his first day in office on Jan.
CAIRO (Reuters) - As Egypt's foreign currency shortage intensifies and the gap between official and unofficial currency rates widens, economists say another devaluation is inevitable this fiscal year.
Foreign currency inflows have been severely hit in import-dependent Egypt after a 2011 uprising drove away tourists and foreign investors, two major sources of hard currency.
The real eased 0.4% immediately after the tweet, but reversed course after the central bank sold 9,3.3913 reverse currency swap contracts and $480 million in spot currency.
Trump has in the past complained that Japan keeps its currency artificially low, though a Treasury Department report last week did not label Japan a currency manipulator.
At some point, it will almost certainly face a shortage of hard currency, difficulties shoring up its national currency and in paying for essential imports like oil.
In china their currency is dropping like a rock and our currency is going up and I have to tell you it puts us at a disadvantage.
The central bank's decision to halt daily purchases of foreign currency from Thursday last week also helped the Russian currency stabilise after sharp losses earlier in August.
"The dollar's moves show just how much the currency depends on Treasury yields for direction," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo.
That leaves currency intervention to weaken the currency in the hope of pushing inflation towards the Riksbank's target by raising the cost of imported goods and services.
Indeed, currency speculators in Chicago currency futures became net yen buyers last week for the first time since Prime Minister Shinzo Abe took office in late 24.
The currency agreement contains pledges by China to refrain from competitive currency devaluations and to not target its exchange rate for a trade advantage, according to USTR.
The official's comments suggest the Trump administration will put more emphasis on a 90-day study of trade abuses, including currency misalignments, than on the currency report.
That could end the state's prior practice of importing appliances and other goods with tradable currency and selling them in local currency useless for purchasing more imports.
Based on these drivers, the bank's IDRs are aligned with Chile's Sovereign Foreign-Currency IDR (A/Outlook Stable) and Long-Term Local Currency IDR (A+/Outlook Stable).
"What the market was trying to figure out was, is China intentionally trying to weaken their currency or is China just letting their currency weaken?" said McCormick.
I don't have a bank account abroad, and with Venezuela's currency controls, there's no easy way for me to use a conventional foreign currency like American dollars.
The country abandoned its currency after inflation peaking at 500 billion percent in 2008 wiped out pensions, savings and any vestiges of confidence in the local currency.
That would secure the currency in case of emergencies such as a loss of power or if a private company issuing the currency went out of business.
But how much tax you owe will depend on how and when you acquired the digital currency — which, in fact, isn't treated as a currency at all.
Hard currency exchanges along central Baghdad's busy streets pay fees to militias to protect keep their businesses, said three owners of currency exchange businesses and police sources.
Fitch has affirmed the following ratings: Banco BMG: --Long-Term Foreign Currency IDR at 'BB-'; Outlook Negative; --Short-Term Foreign Currency IDR at 'B'; --Long-Term Local Currency IDR at 'BB-'; Outlook Negative; --Short-Term Local Currency IDR at 'B'; --Viability Rating at 'bb-'; --Support Rating at '5'; --Support Rating Floor 'No Floor'; --National long-term rating at 'A(bra)'; Outlook Negative; --National short-term rating at 'F2(bra)'; --Subordinated notes due 2019 & 2020 Long-term foreign currency rating at 'B-'; Contact: Primary Analyst Robert Stoll Director +1-212-908-9155 Fitch Ratings, Inc.
Banco de Occidente --Long-Term Foreign Currency IDR at 'BBB'; Outlook revised to Stable from Negative; --Short-Term Foreign Currency IDR at 'F3'; --Long-Term Local Currency IDR at 'BBB'; Outlook revised to Stable from Negative; --Short-Term Local Currency IDR at 'F3'; --Viability rating at 'bbb'; --Support Rating at '2'; --National Scale Long-Term Rating at 'AAA(col)'; Outlook Stable; --National Scale Short-Term Rating at 'F1+(col)'.
Fitch has affirmed the following: Banco de Desarrollo Rural, S.A. --Foreign Currency Long-term IDR at 'BB'; Outlook Stable; --Foreign Currency Short-term IDR at 'B'; --Local currency long-term IDR at 'BB'; Outlook Stable; --Local currency short-term IDR at 'B'; --Viability Rating at 'bb'; --Support Rating at '22015'; --Support Rating Floor at 'BB-'; --National long-term rating at 'AA+(gtm)'; Outlook Stable; --National short-term rating at 'F20133+(gtm)'.
Fitch currently rates Banco de Bogota as follows: --Long-Term Foreign Currency IDR 'BBB+'; Rating Watch Negative; --Short-Term Foreign Currency IDR 'F20526'; Rating Watch Negative; --Long-Term Local Currency IDR 'BBB+'; Rating Watch Negative; --Short-Term Local Currency IDR 'F227'; Rating Watch Negative; --Viability Rating 'bbb+'; Rating Watch Negative; --Senior unsecured debt 'BBB+'; Rating Watch Negative; --Subordinated debt 'BBB'; Rating Watch Negative; --Support Rating '22016'; --Support Rating Floor 'BBB-'.
He declined to comment on whether he discussed currency moves in a meeting with U.S. Treasury Secretary Jack Lew but said excessive currency or disorderly movements hurt financial stability, adding that he told his G20 counterparts that it is important to maintain stability in financial and currency markets.
But that is far from the case if the dollar in question is one of Zimbabwe's "bond notes", the world's newest currency that is not officially a currency.
In the currency markets, the U.S. dollar gained against the euro, but slipped against the yen on Japanese trade data and U.S. resistance to currency intervention from Tokyo.
Citigroup chief currency strategist Steven Englander said that even the simple return of dollars to the United States is likely to have a big impact on the currency.
Dr. Jeffreen M. Hayes's section, The Diaspora Currency: Black Women, focuses on work by or featuring black women, a means of centering their voices as valuable, actual currency.
Egypt has been starved of foreign currency since an uprising in 2011 ousted autocrat Hosni Mubarak but drove away tourists and foreign investors - major sources of hard currency.
In the currency market, the dollar index, which measures the U.S. currency against a basket of its peers, traded at 96.431, retreating from an earlier high of 96.519.
It's not hard to imagine that a currency more useful than gold that can serve as a hedge to global currency turmoil will continue to gain in popularity.
On Monday, China responded by allowing its currency to weaken past the psychologically important level of 7 per dollar, which prompted Washington to label Beijing a currency manipulator.
President Donald Trump's new administration risks setting off a round of potentially destabilizing trade tensions if China is named a currency manipulator, economists and currency strategists told CNBC.
He was cautious on emerging market paper due to currency risks; if the currency moves against you, "your little bit pick up in yield is gone," he said.
Somehow creating a surfeit of currency through domestic monetary expansion by purchasing domestic assets is readily accepted but using that currency for direct exchange rate intervention is not.
Within that category, Microsoft said its server products and cloud services revenue increased 10 percent in constant currency, and Azure revenue saw massive 140 percent constant-currency growth.
In addition to translation, it also converts currency using this same mechanic, which is another great time saver speaking as a Canadian who frequently deals with American currency.
The rise in the mainland's currency marks a sharp reversal from expectations near the beginning of the year, when traders were betting on further declines in the currency.
The dollar weakened against the euro on a more stable Chinese yuan after the currency pair neared but failed to break through technical levels supporting the single currency.
The HKMA said the rise in foreign currency assets was mainly due to the issuance of certificates of indebtedness and mark-to-market gains on foreign currency portfolios.
China says it has no intention of using currency devaluation to its advantage in trade, responding to Trump's description of China as the "grand champions" of currency manipulation.
By integrating Kin into Kik, the currency will become the most used crypto-currency in the world given the chat app's millions of monthly active users, Livingston said.
ISTANBUL (Reuters) - President Tayyip Erdogan told Turks to exchange gold and hard currency into lira on Friday, framing Turkey's currency crisis as a "national battle" against economic enemies.
Currency strategists at BNP Paribas further noted the real risks facing the Aussie were external, not domestic, and that the currency could fall further in the near term.
Known in the crypto community as "CZ," the digital currency exchange's chief said Trump's comments criticizing bitcoin and Facebook's libra currency can only be good for the industry.
"The (DICOM) rate will apply for all foreign currency operations, for the public and private sectors," reads Currency Regulation 39, published in the Official Gazette circulating on Monday.
The whole point of Libra, after all, is that it's not a local currency, but a global currency, which is both its competitive advantage and its Achilles heel.
Embraer also released results in Brazil's local currency, the real, which showed revenue faring better and positively affected by the depreciation of the currency against the U.S. dollar.
The currency has strengthened 3 percent against the dollar and 2.8 percent versus the euro in January as currency traders slashed the odds on a no-deal Brexit.
Taiwan's central bank has refrained from weakening the currency through market intervention, as it works to get the island off a U.S. watch list of possible currency manipulators.
This assuaged investors who feared Beijing would let its currency slump to tackle further tariffs threatened by the United States, turning their trade war into a currency war.
After imposing currency restrictions in 2015, the central bank introduced a multiple exchange rate regime which has masked pressure on the currency and helped to keep it stable.
While a weaker currency certainly benefits Chinese exporters, it is unlikely that the central planners would want a weaker currency at the expense of their own stock market.
Choe added that coming up with more regulations might only spur virtual currency trading as investors might see new rules as an implicit approval of their currency status.
China's currency, the yuan or renminbi as it's known, will see extended trading hours starting Monday in Beijing's latest effort to promote its currency on the international stage.

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