Sentences with phrase «main bank currencies»
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It's a similar dynamic to the way central banks and reserve managers act when the dollar, the world's main reserve currency, weakens.
Singapore's main growth in financial stature came after the government, at the urging of the Bank of America, decided in 1968 to allow banks to accept deposits in foreign currency.
The cabinet will decide on Friday how to treat bitcoins under existing laws, said people familiar with the matter, adding that banks and securities firms will not be able to handle bitcoin as part of their main business, suggesting the crypto - currency will be treated more as a commodity, like gold.
In a 6/25/15 address to the London Bullion Market Association (LBMA) forum (brought to our attention by Luke Gromen in his newsletter, The Forest for the Trees), Dr.Yao Yudong of the People's Bank of China stated, «Main reserve currency issuers may either fail to adequately meet the demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create excess liquidity in the global markets by overly stimulating domestic demand.»
by Yesterday the Bank of England cut its main interest rate from 0.5 % to 0.25 % for the first time, marking its first interest rate change since March 2009, and provided all of us with more reasons to keep converting fiat currencies into physical gold and physical silver.
The BOC has four main areas of responsibility: monetary policy, which dictates the supply of money circulating in the Canadian economy; currency, the design and issuing of Canada's bank notes, and managing funds.
Whether one is under a gold standard or a fiat currency standard, the main order for assuring stability is the regulation of banks and credit.
Many banks that exchange currencies — including Barclays Bank, Atlantic Bank Ltd., Belize Bank, and the Bank of Nova Scotia — are often set near the main plaza in cities.
The International Monetary Fund's Staff Discussion June Note lists the main challenges and benefits of digital currencies issued by central banks.
Now, however, the main Thai Bitcoin exchange reopened its operations upon receiving another letter from the bank stating that Bitcoin exchange does not fall under foreign currency exchange regulations.