Amount in Amount in

State No. rency Amount paid year local currency

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

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

Approximate US dollar equivalent of local currency pledge.

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.

In paragraph 8, the phrase inasmuch as debt relief often results in a swap of fiscal expenditures in domestic currency should be moved to the end of the paragraph, replacing the words inasmuch as with the word because .

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.

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.

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

Of the 12 beneficiaries on the two track system, 11 were currently paid the local currency track amounts.

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

A daily allowance for incidental expenses is paid to all military personnel at a rate of 1.28 per person per day, payable in local currency.

Higher international interest rates and a repeated lowering of the exchange rate made servicing the external debt more costly in terms of the national currency.

(in national currency)

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

The summary of significant accounting policies applied in the preparation of these statements is included as notes to the financial statements.

a For comparative purposes, the table is denoted in United States dollars although government local office cost contributions are a local currency obligation.

A daily allowance for incidental personal expenses is paid in local currency to all military personnel, equivalent to 1.28 per person per day.

As the contingent account, the forward currency contracts expressed in local currencies as at 31 December 1993 were as follows.

For beneficiaries residing outside the United States, it ensures that their dollar entitlements translate into adequate amounts in local currency.

The Non Problem of Chinese Currency Manipulation

The Currency Manipulation Charade

The Myth of Currency Manipulation

The Chimera of Currency Manipulation

Currency questions 23 27

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.

They also suggested that member States should pay their dues in the local currency of their countries, through UNDP.

Borrowing in domestic currency avoids the risks associated with currency mismatches and pro cyclical foreign capital flows.

35. Table 1 summarizes the evolution of national and per capita NMP and GDP in national currency (leks) and dollars.

No data in local currency were available for 1992 for the Member States previously part of Yugoslavia.

Locally recruited consultants whose work programme is executed exclusively within Ethiopia are now paid in local currency.

How to Fight Currency Manipulation

In connection with the United Nations Conference on Environment and Development, the German Government has also created the possibility of waiving claims on other poor countries through a rescheduling arrangement in the Paris Club, if funds in local currency are then channelled into the environmental sector.

That is why, for domestic debt disputes, countries have bankruptcy laws and courts.

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

This initiative includes a revolving fund to pre finance vaccine procurement and a facility for UNICEF to receive the payment for vaccines in local currency.

But domestic savings remain low in the face of persistently high levels of public debt.

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

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

A daily allowance for incidental personal expenses is paid in local currency to all military personnel, equivalent to 1.28 per person per day.

quot a fair balance between the entitlement to a full United States dollar denominated benefit and the need to safeguard the purchasing power of the benefit in local currency terms quot . 16

More specifically, it was suggested that this would enhance opportunities for the creation of low correlation local currency denominated portfolios of government debt securities that would give investors risk adjusted returns that compared favourably with security indexes in the major capital markets.

But when local governments are barred from debt finance, they look for other means.