Sentences with phrase «currency crisis which»

The economic growth of Thailand on macro level has been remarkable with more than ten percent annual GNP growth since the late 1980's until the sudden currency crisis which started in July 1997.

Not exact matches

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.

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.

If there's ever a major problem with your home country's currency or monetary system (which we've seen over the last several years from India to Iceland, Argentina to Zimbabwe) gold will maintain its value and survive the currency crisis.

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.

Among the factors which may have contributed to this rise were the European sovereign - debt crisis — particularly the 2012 — 2013 Cypriot financial crisis — statements by FinCEN improving the currency's legal standing and rising media and Internet interest.

And more recently, reports have emerged that amid the crisis, Venezuelans are increasingly capitalising on heavily subsidised electricity costs in the country to mine bitcoin — that is, the process of validating new transactions onto bitcoin's public ledger (the blockchain), which is then rewarded with the receipt of newly minted digital currency.

But it is also held that globalization has brought in its wake, great inequities, mass impoverishment and despair, that it has fractured society along the existing fault lines of class, gender and community, while almost irreversibly widening the gap between rich and poor nations, that it has caused the flow of currencies across international borders, which has been responsible for financial and economic crises in many countries and regions, including the current Asian financial crisis, that it has enriched a small minority of persons and corporations within nations and within the international system, marginalizing and violating the basic human rights of millions of workers, peasants and farmers and indigenous communities.

Coordinated International Response to Financial Crisis: To keep world economy out of recession in 2009 and 2010, helped secure from G - 20 nations more than $ 500 billion for the IMF to provide lines of credit and other support to emerging market countries, which kept them liquid and avoided crises with their currencies.

Local Currencies and Steady State Economics: Local Currencies: Richard Douthwaite, a «recovering economist», proposed a number of alternative monetary systems to deal with energy decline and the associated monetary crises which might arise post-peak.

Barclays has faced intense public scrutiny in recent years: from the Serious Fraud Office's investigation into the bank's # 12bn fundraising at the height of the financial crisis, which resulted in criminal charges against the bank and former executives relating to a # 2.3 bn loan Barclays provided to Qatar, a multibillion - dollar legal battle with the US Department of Justice over allegedly - fraudulent mortgages and a New York currency trading probe that ended in a $ 150m settlement.

China has long been a major hub for bitcoin, which was created by an anonymous programmer during the depths of the 2008 financial crisis as an alternative to official currencies.

As Spain is currently undergoing through institutional crisis, Catalonia, which is currently fighting for having its own separate statehood recognition and gaining independence from Spain, is said to weigh options and consider for having its own digital currency and a separate e-residency program similar to the of Estonia.

At that time the crisis on Chinese exchanges stimulated the demand for bitcoin, which in turn raised the price of the digital currency up to $ 300.

But it certainly could be a competitor to Bitcoin in Venezuela, and I think the fact that the term cryptocurrency was used in the announcement provides an important signal about the government's intention to compete with growing interest in cryptocurrencies in Venezuela, which is largely driven by the economic crisis and devaluation of the local currency there, that's currently ongoing.

Keeping a smaller currency constantly pegged to a larger national one, to a regional one or even to a global reserve currency, is a difficult task which many central banks around the world have failed to do in the past in times of crisis.

This month, Venezuelan President Nicolas Maduro went as far as to announce a plan to create «Petro,» a sovereign virtual currency which he claims can be used to help dig the country out of its current economic crisis.