Sentences with phrase «currency crisis in»

«In the past, when there was a currency crisis in Latin America, some of the richest and brightest came to South Florida to invest,» Huertas says.

A currency crisis in some distant far off land creates local fear of unknown economic consequences.

Economies with Currency Black Markets There is a currency crisis in the Nigerian economy, and using Bitcoin remittances offers real, measurable financial benefits to its population of 173 million.

If you recall the currency crisis in Cyprus, you might agree Bitcoin tends to thrive in moments of economic crisis such as Brexit.

He speaks on issues in 2016 budget, the need for the Federal Government to prevent currency crisis in Nigeria, the decline in Nigeria's foreign trade by N2.5 trillion and depreciation of the naira.

It happened most notably in Iceland back in 2008, causing an epic currency crisis in that country.

Not exact matches

Lane talked of Canada's need to restore its place in global supply chains after the Great Recession and how a stronger currency «battered» exporters after the financial crisis.

He notes how, in the wake of the 2008 financial crisis, the safe haven has proven to be U.S. treasuries and U.S. currency.

The Turkish deputy prime minister denies that the country is in a currency crisis despite several interventions by the central bank.

But that was more a reflection of the crisis in Europe slowing demand for Chinese exports than a crisis in the currency.

Without a single currency, Greece could respond to crises with the sort of mechanisms it has in the past — devaluation and inflation.

Factory activity is shrinking in China, euro zone business growth remains weak and emerging market giant Russia is in a spiraling currency crisis.

Venezuela launches a new oil - backed digital currency Tuesday, in a move the government hopes will help pull the country out of a deepening economic crisis.

Citizens of the crisis - torn nation are struggling to cope with widespread food shortages, the collapse of its traditional currency and hyperinflation — which the International Monetary Fund (IMF) has forecast to hit 13,000 percent in 2018.

Venezuela launches a new oil - backed digital currency Tuesday, in a move the government hopes will help pull it out of an economic crisis.

The Turkish deputy prime minister denies that the country is in a currency crisis despite several interventions by the central bank to prop up the Lira.

In recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, BrexiIn recent years, investors have had to cope with plenty of uncertainty: three summers worth of the Greek default crises (2010, 2011, 2012); the US «fiscal cliff» in early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexiin early 2013 and the government shutdown that October; the Ukraine - Russia conflicts; the collapse in oil prices; China's slowdown and currency devaluation; and now, Brexiin oil prices; China's slowdown and currency devaluation; and now, Brexit.

The current oil crisis will see regime changes in strategic places, and a currency crisis is in the offing.

The head of Denmark's central bank has warned that the Danish krone is coming under intense pressure from investors seeking a haven in Europe and betting that the currency's peg to the euro could be cracked by the crisis.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.

The peg, which was introduced in Sept. 2011, was an attempt to halt the rise of the franc — a traditional haven currency for investors — against the euro at a time when the eurozone debt crisis was at its height.

And being the world reserve currency, whenever there is a crisis in the market or even a minor scare, the demand for dollars goes up.

They doubled down after the global financial crisis in 2008, to prop up growth and push down the value of the currency.

In Venezuela, the so - called «crisis currency» is allowing desperate Venezuelans to make potentially life - saving purchases.

This prompted Illinois Attorney General Lisa Madigan to remind the Angelides Commission that the Office of the Comptroller of the Currency and the Office of Thrift Supervision were «actively engaged in a campaign to thwart state efforts to avert the coming crisis.»

Rather, crises tend to trigger a run on cash - literal currency - and the Fed is responsible for expanding currency in circulation by increasing the monetary base.

Others say they might be helpful methods of payment, such as in crisis situations where national currencies have collapsed.

And the drying up of US dollar funding markets during the global financial crisis prompted greater awareness of liquidity risk in foreign currencies.

Their final «stylised fact» provides an accurate description of the subsequent Asian problems: «The «over-borrowing» episode culminates in a financial crisis, capital flight and recession — often forcing an uncontrolled deep devaluation of the currency, with a resurgence of inflation.»

Outside crisis situations, complementary currencies and near currencies have a primary role in promoting symbolic identification with a community and its local economy.

To show how much Bitcoin and other digital currencies have exploded in Latin America due to the ongoing economic crisis, the number of cryptocurrency transactions in Venezuela alone have tripled since the start of 2017.

Iran's central bank last week prohibited local banks from dealing in cryptocurrencies due to concerns about money - laundering as the country tries to halt a currency crisis ahead of a possible return of crippling sanctions.

There is no central bank that can take corrective measure to protect the value of Cryptocurrency in a crisis or issue more currency.

It's a global counterfeiting currency crisis, started in 1966.

Since 2008, we have argued that post-financial crisis periods typically produce a chronically strong senior currency (in today's world, the U.S. remains the monetary hegemon).

Historically, after a country experienced a financial crisis, growing foreign demand and currency depreciation have often led to a sharp improvement in the trade account that has put a floor under economic activity.

In an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as BitcoiIn an attempt to halt a currency crisis, and over concerns related to money - laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoiin virtual currencies such as Bitcoin.

Others say they can be helpful methods of payment, such as in crisis situations where national currencies have collapsed.

In one worst - case scenario, this situation would lead to a crisis of confidence in the digital currency, potentially resulting in a sell - ofIn one worst - case scenario, this situation would lead to a crisis of confidence in the digital currency, potentially resulting in a sell - ofin the digital currency, potentially resulting in a sell - ofin a sell - off.

This downward adjustment in EM currencies has already been significant, of an order of magnitude seen in previous financial crises.

In the aftermath of the global financial crisis, broad changes in global investor risk sentiment were important drivers of currency movements, at times driving more than 50 percent of the fluctuations, according to BlackRock analysiIn the aftermath of the global financial crisis, broad changes in global investor risk sentiment were important drivers of currency movements, at times driving more than 50 percent of the fluctuations, according to BlackRock analysiin global investor risk sentiment were important drivers of currency movements, at times driving more than 50 percent of the fluctuations, according to BlackRock analysis.

Koester says more companies are starting to understand how currency movements affect their business, probably as a result of the sovereign debt crisis in Europe and recent volatility in the FX markets.

The latest figure signalled the largest monthly fall in retail sales across the single currency area since the depths of the global financial crisis in November 2008 (40.6).

Over the past five years, the economy has been through a number of shocks, including the eurozone crisis, the fiscal cliff, China's surprise currency devaluation in the summer of 2015, and the shale oil bust.

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

They consider a range of arguments for owning gold, such as: (1) gold hedges inflation; (2) gold hedges currency decline; (3) gold is attractive when other assets are not; (4) gold is a safe haven in times of crisis; (5) gold is a de facto world currency; and, (6) central banks and investors in aggregate are still underweighting gold.

The coming deflationary depression will involve not just the collapse of capital markets but, in addition, a cataclysmic currency crisis caused by the global destabilization of money.

Businesses in the 17 countries that use the euro became much more gloomy about their prospects in May as the currency area's fiscal crisis deepened.

Finally, while I had modest expectations for emerging market (EM) assets, I certainly missed the latest meltdown in EM currencies, many of which have been depreciating faster than during the financial crisis.