However, one disadvantage of issuing government bonds is that as the government bond payments are made in
the local currency of the country, there is a risk of inflation of the currency and in case of inflation, the value of the currency paid to you for the government bonds that you own may decrease.
The beauty of paying with credit cards is that, you don't need to bother yourself on how to get your currency converted into
the local currency of the country where you are making the purchase.
Not exact matches
The South Korean government said Monday it will collect up to 24.2 percent
of corporate and
local income taxes from the
country's digital
currency exchanges this year, according to an English - language report from the
local Yonhap News Agency.
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.
When priced in the
local currencies of the U.S., Canada, South Africa or Australia — four
of the largest gold - producing
countries — bullion is up, which has boosted miners» profits.
The secretary
of Iran's High Council
of Cyberspace (HCC) has publicly supported the potential ban
of Telegram within the
country, citing the chat app's recent Initial Coin Offering (ICO) as potentially «undermin [ing] the national
currency of Iran,»
local news outlet Al - Monitor reported yesterday, April 3.
When GEM is in bonds, investors would use either their
local country's aggregate bond index or a
currency - hedged version
of the US Aggregate Bond Index.
These
countries have found themselves on the receiving end not only
of a correction in commodity prices and equities, but also
of a brutal re-pricing
of currencies and both
local - and foreign -
currency fixed - income assets.
Pretty soon, policy - makers in the «reserve - rich»
country find themselves in the position
of having to sell reserves in an effort to arrest a downward trend in their
currency's exchange rate — a downward trend that is exacerbating the
local «price inflation» problem.
Trade data for the same month revealed the
country incurred its first trade deficit in
local -
currency terms since early 2014, mainly due to a surge in imports, although the figures were probably affected by the timing
of the Lunar New Year holiday.
One may argue that Bitcoin as a store
of value may even be better than some
of the national
currencies, especially in
countries where the
local economy is turbulent as is the case with certain Latin American
countries where $ 1 today may be worth just 50 cents the next day.
Each
of the bw166 Import and Export Reports (for Beer, Spirits, and Wine) enable tracking Beverage Alcohol imports and exports on a monthly basis for volume, value in USD, and value in
local currency for all major trading
countries.
The safety
of the
country's milk products is a sensitive issue for the
local currency as dairy products account for around one - third
of the
country's exports.
Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price
of oil globally and cleverly laid the blame on the doorsteps
of all Nigerian accusing them
of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign
currency issuer default rating to B + from BB - and longterm
local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end
of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau
of Statistics confirms that, last year, the
country recorded total inflow
of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.
Local currency loses any security, the Bank
of Russia would have nothing to oppose attacks on the ruble, its rate drops, unless the
country prohibits all forms
of trade in foreign
currency.
In the recently published book «An Encounter with the Spymaster,» this writer disclosed categorically that «the movement
of large cash in
local and foreign
currencies by the two major political parties, APC and PDP, to win primaries and general elections in 2015 were discovered by security and anti-corruption agencies but tactically suppressed to avoid embarrassing outcries that could tarnish the electoral processes and rubbish the image
of the
country.
Guided by the fundamental indicators such as rise in price
of Gasoline, Gasoil and Brent crude on the international oil market, the
country's fuel stock as well as the fair - stability
of the
country's
local currency against the U.S. Dollar; the Institute for Energy Security (IES) sees fuel prices primed to rise again on the
local market by up to 2.5 %.
According to Vice president Dr. Bawumia, government has chosen a strategic shift and «we want to build a Ghana which looks to the use
of its own resources and their proper management as the way to engineer social and economic growth in our
country...» For him, a Ghana beyond aid means mobilizing and leveraging domestic savings and revenues transparently; expand financial inclusion with credit services and saving systems for all, especially women; and financing through
local capital markets in
local currencies.
At a confidence rating
of 79, it's the
country's lowest score since 2005 --» a combination
of the global oil prices, the
local economy, political scandals... the devaluation
of the
currency.»
The PublishDrive platform makes intelligent and meaningful pricing
of books possible: you can set the price individually by stores in the
country's own
currency, sensitive to
local trends.
Based on the
country of origin for the reader, Google Play will display
local currencies and languages.
Having added the new markets into their list
of Country availability for apps & digital consent, 36
countries are compatible with their Books app which means users can buy and sell books online in their
local currency.
On the other hand, the S&P Pan Asia Sovereign Bond Index, which seeks to track the performance
of local -
currency - denominated sovereign bonds in 10
countries, continued its plunge this quarter, dropping 2.26 % for the month and 0.15 % YTD as
of Dec. 21, 2016.
The S&P Pan Asia Bond Index, which seeks to track
local currency bonds in 10
countries and is calculated in USD, continued to be weighed down by the weakness
of local currencies in 2016, dropping 1.86 % for the year.
The S&P Pan Asia Bond Index tracks the performance
of the
local currency bonds in the 10 Pan Asian
countries.
Despite the weakness in
local currencies, the S&P Pan Asia Bond Index, which is designed to track
local currency bonds in 10
countries and is calculated in USD, delivered a total return
of 1.45 % for 2015.
Quarterly, the value
of a Euro relative to the
local currencies would be redefined by the percentage
of GDP the
country has compared to the whole
of the Eurozone.
A volatility analysis was run on the
local currency denominated bonds
of the 10
countries that tracked by the S&P Pan Asia Bond Index, which are China, Hong Kong, India, Indonesia, Korea, Singapore, Malaysia, Philippines, Taiwan and Thailand.
Looking at the
country level, the S&P China Bond Index rose 3.24 % YTD as
of June 29, 2015, compared to the 1.95 % YTD gain
of the S&P Pan Asia Bond Index, which tracks the performance
of local -
currency - denominated government and corporate bonds from 10
countries in the Pan Asia region.
The fund invests, under normal circumstances, at least 80 %
of its net assets plus any borrowings for investment purposes (measured at the time
of purchase)(«Net Assets») in sovereign and corporate debt securities
of issuers in emerging market
countries, denominated in the
local currency of such emerging market
countries, and other instruments, including credit linked notes and other investments, with similar economic exposures.
6 Moreover, 15 years ago only a handful
of countries were in a position to issue
local currency debt, and their average credit rating was BBB +.
13 U.S. HSBC Advance customers can receive an emergency encashment
of up to U.S. $ 10,000 or
local currency equivalent upon authorization from
local country.
I can't say for any
country, but at least for several banks in Russia, the difference is how transactions are processed if they are nominated in different
currency than the card [and both are different from the
local currency of your bank's
country].
When GEM is in bonds, investors would use either their
local country's aggregate bond index or a
currency - hedged version
of the US Aggregate Bond Index.
Of course, with your credit card, you may not need to bother about how you are going to get your local currency into the currency of the country you are visitin
Of course, with your credit card, you may not need to bother about how you are going to get your
local currency into the
currency of the country you are visitin
of the
country you are visiting.
Some
countries have restrictions on the import and export
of local and foreign
currencies.
This ETF tracks the Barclays EM
Local Currency Government Diversified Index which is a fixed - rate local currency sovereign debt of emerging market count
Local Currency Government Diversified Index which is a fixed - rate local currency sovereign debt of emerging market co
Currency Government Diversified Index which is a fixed - rate
local currency sovereign debt of emerging market count
local currency sovereign debt of emerging market co
currency sovereign debt
of emerging market
countries.
The S&P Pan Asia Corporate Bond Index is designed to track the performance
of local -
currency denominated corporate bonds from 10
countries in Pan...
The S&P Pan Asia Financials Bond Index is designed to track the performance
of local -
currency denominated financial bonds from 10
countries in Pan...
The S&P Pan Asia Bond Index is designed to track the performance
of local -
currency denominated government and corporate bonds from 10
countries in Pan Asia.
The S&P Pan Asia Agency Bond Index is designed to track the performance
of local -
currency denominated agency bonds from 10
countries in Pan Asia.
The S&P Pan Asia Government Bill Index is designed to track the performance
of local -
currency denominated government bills from 10
countries in Pan...
Index includes government bonds, in
local currencies, issued by investment grade and non-investment grade
countries outside the U.S. that have a remaining maturity
of one year or more
Index includes government bonds issued by investment grade
countries outside the United States, in
local currencies, that have a remaining maturity
of one year or more and are rated investment grade
But interestingly I've also found that there are a number
of travelers who don't think about bringing small bills — even in US Dollars if they can't be bothered to get some
of the
local currency in a foreign
country — and they don't bother tipping at all....
MONEY TRAVEL TIPS: Strategies For Getting
Local Currency Upon Arrival in a New
Country Do you plan a cash strategy ahead of time for your arrival in new c
Country Do you plan a cash strategy ahead
of time for your arrival in new
countrycountry?
Reflecting Marriott International's increasing focus on global markets, the company announced today the improvement
of its Brazilian booking website, www.marriott.com.br, in a partnership with Booking.com, to allow guests in that
country to make their reservations in
local currency online or on their mobile devices (m.marriott.com.br).
If you end up at a self - service machine in a foreign
country that won't accept your card, you can always find a cashier or pay with cash, so you may want to pick up a small amount
of local currency when you arrive.
If the
country setting
of a Nintendo Account is different, the details
of this offer may be adjusted (for example, the price will be displayed in the respective
local currency).
The pretext for this fire - sale
of the public sector is the intellectual and / or politically - motivated confusion in mainstream economics
of financially - constrained
local, regional, and Euro - Zone nations that do not control their
currencies and the governments
of countries like the US, Great Britain, Japan and many others that issue their own
currencies.