(a) Debt diversification swaps both through local currency intermediation and debt equity swaps.

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.

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.

Governments may be able to mobilize funding through debt swaps, where donors exchange debt for local currency investment in environmental protection, such as waste water treatment.

Amount in local currency Date

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

Debt instruments linked to a foreign currency

Local currency ____________ current equivalent in US __________________

This isn't 10,000, it's the local currency.

To date, UNICEF has carried out nine debt conversion transactions debt with a face value of 30 million has been converted into local currency valued at more than 10 million.

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

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.

State No. rency Amount paid year local currency

Approximate US dollar equivalent of local currency pledge.

b Total public debt denominated in pesos and foreign currency.

6 The local currency is the New Zealand dollar.

5 The local currency is the United States dollar.

2 The local currency is the New Zealand dollar.

Which was to create an independent and inherently debt free currency.

Set the cell formatting to look like your local currency

3 The local currency is the United States dollar (US ).

UNICEF then uses the local currency for the country programme.

18 The local currency is the Cayman Island dollar (CI ).

Expanding local currency bond markets could expedite a shift from dollar denominated cross border loans to local currency loans, bringing benefits to both investors and borrowers.

Except as provided in paragraph 25 below, the beneficiary is entitled, until the next quarter, to the greater of the local currency amount or the local currency equivalent of the dollar amount, subject to a maximum of 120 per cent of the local currency amount.

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

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

Effective rates in local currency terms for the biennium 1992 1993

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

It was noted that donor countries and multilateral financial institutions had been active in supporting these efforts and in providing debt guarantees to catalyse local private financing, ranging from microfinance to local currency bonds for infrastructure investment.

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.

PALO ALTO Europe is suffering from simultaneous sovereign debt, banking, and currency crises.

We have national debt, Detroit, currency valuations, healthcare, all these issues facing us.

The pension amount payable each quarter had been the higher of the local currency pension or the local currency equivalent of the United States dollar track amount, as adjusted.

34. The Committee had before it for the period 1985 1992 a comprehensive database for all Member States and non member States on national income in local currency, population, exchange rates and external debt for countries eligible for debt relief adjustment.

Only the United States can indefinitely print its own currency and increase its debt.

Both United Kingdom and local coinage are used, together with local currency notes of values 20, 10 and 5.

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.

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

Both United Kingdom and local coinage are used, together with local currency notes of values 20, 10, 5 and 1.

The Board was informed that such Ethiopian consultants are now paid in local currency.

So, this rise of this sort of local currency is another really interesting phenomenon.

Lending by foreign banks has also shifted from largely dollar denominated cross border loans to local currency loans through local affiliates.

Conversely, when the spot rate for the United States dollar against the local currency was higher than the 36 month average, the dollar track yielded the larger benefit in terms of local currency units.

Several speakers pointed out the importance of avoiding the accumulation of foreign currency denominated debt and borrowing in local currency as a hedge against foreign exchange rate risk. According to a number of ministers, a decisive effort should also be made to develop the domestic financial sector.