But, by ceding that authority to an independent central bank, the eurozone s members put themselves in the position of a developing country that has borrowed in foreign currency.

So desperate is North Korea s financial position that, this past December, the Ministry of People s Security suspended the domestic use of foreign currency. Violations are punishable by death.

Emerging markets need foreign currency and, therefore, external support.

Venezuela blocks Bitcoin sites in crusade against foreign currency

It has paid off its foreign debt and built up foreign currency reserves of 450 billion.

Reserves of foreign currency provide a small return in interest.

b Total public debt denominated in pesos and foreign currency.

According to SAFE, individuals and institutions exchanged 152.2 billion in foreign currency for renminbi through Chinese banks in March, and purchased 107.6 billion in foreign currency from financial institutions.

In 2002, China reinitiated liberalization efforts, lifting restrictions on Chinese enterprises ability to open foreign currency bank accounts, and allowing residents both to open foreign currency accounts and to convert the renminbi equivalent of 50,000 annually into foreign currencies.

Gold and foreign currency reserves are increasing, implying appreciation of the ruble.

The ECB can curb the euro s appreciation through purchases of foreign currency.

Since the amount of foreign reserves available to defend a weak currency (a currency in low demand) is limited, a currency crisis or devaluation could be the end result.

A higher foreign currency LDR will mean tighter restrictions on long renminbi positions.

The purchase and sale of foreign currency or gold as a financial asset

Other positive aspects notwithstanding, the presence of foreign banks is associated with currency mismatches.

The central bank buys less foreign currency, and thus issues fewer rubles, reducing inflation.

I. The reception, brokerage, and investment of third parties' funds in Brazilian or foreign currency

By contrast, less developed countries that borrow in foreign currencies may run out of currency reserves. When a fiscal crisis hit Greece, the financial world suddenly discovered that eurozone members had put themselves in the position of developing countries.

But foreign currency speculators and international investors are not looking forward to either of these scenarios.

Indeed, in September alone, China s foreign currency reserves increased by almost 100 billion compared to August.

Developing nations should also push for a Tobin tax a tax on global foreign currency transactions.

By contrast, less developed countries that borrow in foreign currencies may run out of currency reserves.

Know your customer policy Customer transaction profile Information on cash transaction Information on foreign currency transaction

Ironically, today s pain stems from one of the great successes that emerging economies have achieved the reduction of foreign currency funding in favor of local currency debt.

If allowing a currency to appreciate freely is costly, the second option is unsterilized foreign exchange intervention.

He built up enormous foreign currency reserves, which cushioned the blow of the 2008 global economic crisis.

To preserve its precious foreign currency reserves, Egypt needs the US and its allies to provide foodstuffs.

Latin America, frankly, will not occupy an eminent position in any future US foreign policy.

Since overcoming default, Argentina has been strengthening its position as a target for foreign investment.

Now that oil price has reached 80 per barrel, Russia s central bank can start buying foreign currency again.

That the exported goods are furnished against foreign currency convertible within three months of the date of shipment.

Australian law requires all transfers of physical currency into or out of the country of AUD 10,000 or more, or the equivalent in foreign currency, to be reported to AUSTRAC.

China s government is now attempting fiscal decentralization to revitalize the public finance position, while adopting financial decentralization to maintain currency stability.

US politicians take this for granted as a special privilege bestowed by the dollar s position as the world s major reserve currency.

With no sign of improved economic fundamentals, the renminbi s rapid rise must be related to substantial foreign currency inflows.

But there are some big differences between then and now. Most developing countries have accumulated massive foreign currency reserves.

But this time, credit expansion is not flowing into housing construction, but rather into commodity speculation and foreign currency.

We have seen enhanced credit support, credit easing, quantitative easing, interventions in currency and securities markets, and the provision of liquidity in foreign currency to name but a few of the measures taken.

Latin America will finish 2007 with a current account surplus and growing foreign currency reserves, insulating them from financial crisis.

In fact, quantitative easing is a more effective tool to weaken a currency, as foreign exchange intervention is usually sterilized.

At the source, capital requirements for currency mismatches in portfolios, together with margin requirements on foreign exchange derivatives, make sense.

As of 2010, oil income accounts for 80 of Iran's foreign currency revenues and 60 of the nation's overall budget.

As foreign firms exporting to China accepted payment in renminbi, the currency piled up in their bank accounts in Hong Kong.

The only way for China to reduce those risks is to reduce the amount of foreign currency securities that it owns.

The EU must develop a common position with respect to all significant, strategic issues in its foreign relations.