Sentences with phrase «reserve currency of»

In other words, Ripple is attempting to turn XRP into a global reserve currency of such even though it may not seem that way just yet.

It's often referred to as the reserve currency of cryptoassets.

It would become the reserve currency of this hypothetical world.

Shorting of bitcoin and whales selling the digital currency to cash out short contracts could have realistically contributed to the decline in the market cap of bitcoin, and because bitcoin is considered the reserve currency of the market, the rest of the global cryptocurrency market fell with it.

Not long ago the reserve currency of choice would have been gold.

In this regard, the Bitcoin Standard is already emerging online, as Bitcoin becomes more and more to look like the reserve currency of the internet.

In the cases that the Bitcoin blockchain is insufficient, such as Torcoin, Bitcoin will still be a reserve currency of sorts for moving into and out of Torcoin.

The U.S., while its debt situation is also catastrophic, has the benefit of having the reserve currency of the world and a more diverse and liquid economy.

As the reserve currency of the world, having a negative interest rates, what a disaster that potentially could be.

Moreover, if bitcoin becomes one of the reserve currencies of the global economy by targeting the $ 40 trillion offshore banking market, $ 8 trillion gold market, and the $ 50 trillion fiat currency market, governments will need to have a supply of bitcoin and alternative cryptocurrencies as the leading financial authorities.

Not exact matches

And while Macdonald did not look into it, other studies have pointed to another major influence China has had lately on many countries, including Canada: how its high savings rate and mounting foreign currency reserves, much of it invested in benchmark U.S. government debt, have depressed interest rates around the world.

But the company will benefit from the fund's decision to use XRP, in part because it controls large reserves of the currency (which may get a price boost from Arrington's announcement) and because the move may burnish Ripple's reputation as a money transfer platform.

«At the same time, if you look at the currency, it has good prospects of becoming a reserve currency status,» she said.

So you can almost think of it as the crypto reserve currency.

To keep the currency weightings of their reserves steady, their demand for dollars naturally increases the more the greenback weakens.

Britain's relatively rapid loss of its superpower status reached its logical conclusion during the Suez Crisis, when U.S. President Dwight Eisenhower persuaded Britain to withdraw by threatening to sell America's reserves of the pound — a move that would have sent the British currency into free fall.

'' (The central bank) can't hold the level of the currency where it is, given that their reserves have been declining.

China's central bank likely spent about $ 90 billion worth of reserves in currency interventions in January, leading to net capital outflows of about $ 113 billion from China during the month, the Institute for International Finance said on Tuesday.

But like John said, it has the advantage of being the world reserve currency.

The SAFE said that of the 2015 drop in foreign exchange reserves, $ 342.3 billion was due to trade and investment transactions while $ 170.3 billion was caused by currency and asset price changes.

Now, emerging markets have flexible - exchange rates, much less foreign debt, and substantially larger reserves of foreign currency.

More specifically, China is seeking to have the yuan included in the basket of reserve currencies that make up the IMF's special drawing rights (SDRs).

The likely eventual inclusion of the Chinese yuan in the elite rank of «reserve currencies» will not threaten the global leadership position of the US dollar, which currently accounts for over 60 % of global currency reserves.

The good news is most believe China's vast foreign currency reserves should protect it — and the rest of the world — from a worst - case scenario: a systemic financial crisis.

Boockvar said that if China were to take such a daring step, it could ruin its chances of being accepted into the International Monetary Fund's basket of special drawing rights currencies — IMF - issued reserve assets — in October 2016.

That's a tough challenge for small companies whose foreign - exchange transactions are typically not large enough to qualify for the low - cost «Interbank Rates» reserved for currency swaps of more than $ 5 million.

Despite a decline in fiat currency reserves, China's holdings of gold have increased to $ 60.19 billion in December as compared to $ 59.52 billion in November.

The implication is that China does not have control of its currency and must sell U.S. dollars (the bulk of its reserves) to keep the currency from weakening even more.

do the disadvantages of trade deficits really outweigh the advantage of having the dominant reserve currency?

When the DM was still around, it was the second largest reserve currency, and Germany had a large trade surplus with the rest of the world.

But, that's the benefit of being the reserve currency.

That's not going to affect the foreign currency reserves of China.

Since 2014, foreign central banks have withdrawn 246 tonnes of gold from the New York Fed, a trend that reflects that central bankers are more seriously viewing the role of gold in their portfolio to lower the volatility of a reserve mix of just currencies.

He scored a big win in 2015, if you recall, when the International Monetary Fund (IMF) agreed to include it in its basket of reserve currencies, placing the yuan in the same league as the U.S. dollar, British pound, Japanese yen and euro.

As of last year, the U.S. dollar accounted for 63.5 percent of countries» allocated reserve currencies, compared to the yuan, which had only a 1.12 percent share.

When it decides to peg the value of the currency, it has no choice but to accumulate or lose reserves, as the impossible trinity ensures that money supply rises or falls to match supply and demand in the market in which RMB and USD are exchanged.

There has also been only one case in history in which a currency generally recognized as the dominant reserve currency was replaced by another, and this was the replacement of sterling with the dollar, some time in the 1930s or early 1940s, again depending on your read of history.

As for the British example at the end of the 19th Century, in those days currency was part of reserve accumulation, but much if not most reserves were in the form of gold or silver, and while Britain had the most important reserve currency, the difference between central bank holdings of sterling and central bank holdings of other gold - based currencies, like the franc, were pretty small relative to total trade.

Now, the Monetary Base consists of two things: currency held by the public, and reserves held by banks.

The ratings agency Moody's maintained the US's top - notch «Aaa» credit rating Thursday, saying, «The diversity, dynamism, and competitiveness of the US economy, along with the US dollar's status as the preeminent international reserve currency and very large size and depth of the US Treasury market, offset rising fiscal pressures stemming from aging - related entitlement spending, higher debt - service payments, and recent policy actions that will likely reduce future revenues and increase expenditures.»

That led me to the complete scam of central banking, fiat currency, and the fractional reserve system.

Chinese authorities had been propping up the yuan, contributing to an almost $ 300 billion drop in foreign - exchange reserves over the last four quarters, as policy makers sought to deter capital outflows and encourage global usage of the currency.

Is it any wonder that markets have been whipsawed by this mixed message about the world's reserve currency from the president and the Treasury secretary of the United States?

A reform to Venezuela's central bank law will allow the country to hold international reserves in a broader range of currencies than before as well as in diamonds and precious metals.

There is an overriding belief that the U.S. dollar can hold onto its status as the world's king reserve currency simply because of petro dollars.

Danny Masters, Chairman of CoinShares, told CNBC's Fast Money that Bitcoin, «the reserve currency for cryptos», is about to bounce back.

As I've already noted, Fed policies have significant effects internationally, given the central place of U.S. markets in the global financial system and the dollar's status as the leading global reserve currency.

The consumers pay for crude oil in dollars; hence, they always have to keep a steady reserve of dollars, thereby maintaining a high demand for the the currency.

China is obviously interested in supporting its currency, and since it sold off quite a lot of U.S. Treasuries in the past year — Japan is now the top holder of U.S. government debt — it will likely need to substantially build up its gold reserves.

What is more, when large countries, like Japan in the 1980s or China in the 2000s, try to generate very rapid domestic growth by repressing domestic interest rates and undervaluing the currency, because of the resulting surge in their reserve accumulation, their soaring current account deficit must be balanced by a soaring US current account surplus, which exacerbates the Triffin Dilemma significantly.