Policymakers in many emerging market countries worry that surging capital inflows will drive up the value of the local currency, destabilize financial markets, and fuel economic overheating.

The local value added to imports could thus easily equal their value.

Inflation has caused the face value of coins to fall below the hard currency value of the historically used metals.

The currency was in theory governed by a rules based Currency Board, which the British invented for their smaller colonies. It tied the local currency to the British Pound, giving local authorities no discretion in monetary policy.

It tied the local currency to the British Pound, giving local authorities no discretion in monetary policy.

Another promising development is the growth of local currency bond markets.

It is also the name of the local currency (abbreviation GTQ).

Local currency government debt markets have performed fairly well during the crisis, while local currency corporate debt markets have played a more modest role as a vehicle for longer term finance.

Salaries are paid in local currency while allowances are paid in US dollars.

The error is called the money illusion the belief that a nominal unit of currency is the best measure of value, even though its real value is unstable.

The local currency is the Falkland Islands pound, which is pegged to the British pound sterling.

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.

A currency serves three functions, providing a means of payment, a unit of account, and a store of value.

Central Reserve Bank of Peru (BCR) recalled that the change of currency was due to the invasion of feeble Bolivian currency that, since 1840, entered the country through the Southern zone, thus provoking confusion with the local currency.

This is not default in the usual sense because the debt is honored, albeit with currency of lesser real value.

Acknowledging the value of traditional knowledge, the LEG developed a database of local coping strategies.

Reserve Sterling is used as a reserve currency around the world and is currently ranked 3rd in value held as reserves.

Worse, the debt that states raise abroad is usually denominated in a currency whose value they cannot control. So a gradual, invisible reduction in the debt burden by debasing the currency is rarely an option.

These markets have been insulated in part because most investment in real estate backed securities has come from local investors who often need to invest in local currency markets.

By purchasing or selling it, companies and individuals can protect themselves against losses stemming from changes in the value of their currency.

But, as these investments bolster economic growth, increased tax revenues would imply more sustainable financing, as would local governments ability to leverage land markets and approach local currency debt markets.

Local currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long term investments.

For one thing, it is folly to think that more local currency debt eliminates the possibility of a financial crisis.

The exchange rate explains part, but not all, of the increase, since 13 countries actually increased contributions in local currency.

This would make the IMF staff more cognizant of the value of local knowledge relative to theoretical expertise.

Different options are first translated into a common currency, such as monetary value, and are then compared to one another and the option with the largest overall utility value is the one that should be chosen.

Some 18 Governments increased their contributions to regular resources in local currency and 14 increased by 7 per cent or more.

But danger signs abound. Unless the US gets its act together soon, it may find the value of its super currency franchise much diminished.

One justification for capital controls is to prevent inflows of hot money from boosting the value of the home currency excessively, thereby undermining competitiveness.

And let's face it, the contract from a major multinational brand to a supplier in India or China has much more persuasive value than the local labor law, the local environmental regulations, the local human rights standards.

In most countries, such intervention would tend to push up inflation, because the central bank issues local currency in return for dollars.

All organizations whose expenditures, like those of the secretariat, are predominantly incurred in local currency experience problems arising from exchange rate fluctuations.

The currency, the real, has been strengthening steadily, to nearly twice its value against the US dollar in October 2002, when Lula was first elected.

The theoretical problem is simple a country s trade balance depends on a lot more than the value of its currency in the foreign exchange markets.

More generally, the currency of conventional military power in the Middle East would largely lose its value, inevitably resulting in a regional nuclear arms race.

Verbal assurances have been the European Union s preferred currency in tackling the euro crisis, but words now have as little value as Greece s sovereign debt.

Globalization must become glo c alization there is value in the relative certainties of local communities, small companies, human associations.

They have also paid back a significant share of external debt and converted much of what remains into more manageable local currency liabilities.

Many countries therefore view the development of local currency bond markets to be an important policy priority that reduces vulnerability to external shocks.

Some of the Asia Pacific and Latin American and Caribbean countries have begun to issue long term, local currency bonds to promote investments.

The more the eurozone s ineffective governance is criticized, the greater becomes the euro s importance as a non political currency that represents a secure store of value.

The base unit of currency of the silver kyat (), which was not a unit of value but rather a unit of weight at approximately 16.3293 grams.

While Keynes had focused on the value stability of currency, with the resulting panics based on an insufficient money supply leading to alternate currency and collapse, then Friedman focused on price stability, which is the equilibrium between supply and demand for money.

Along China s dynamic coastal belt, local governments are drafting new economic blueprints to push their firms up the value added chain.

UNICEF has implemented a new local property management database from which the value of non expendable property for disclosure is extracted.