They would also incur losses on their claims and investments denominated in euros.

The Panel therefore determines the appropriate exchange rate applicable to claims expressed in other currencies.

At year end 1992, ECU denominated investments amounted to 32.9 per cent.

It's the year 2000, the year when the Zionist army finally left the Lebanese Soil (except for Shebaa farms) because of the amazing Lebanese resistance.

The dollar s slide after 1985 made the real burden of Latin America s dollar debt much lighter.

The yen s rising value raises the yield on Japanese bonds relative to the yield on bonds denominated in other currencies.

The most obvious means of recapitalizing China s banks would be to inject renminbi denominated government debt into the banking sector.

The exchange adjustments arising from the translation of assets and liabilities in currencies other than the United States dollar are credited or charged to the statement of revenue and expenses.

(a) Effective 1 January 2002, the euro should be used as the official currency for those emoluments which are currently set in the national currencies of the twelve euro zone countries, and that the national currency amounts would be converted by applying the respective fixed conversion rates and then rounded up or down to the nearest euro

For example the undervalued renminbi was successfully addressed in bilateral China US discussions from 2004 to 2011. China allowed the currency to appreciate 35 over time.

They also prohibit the use of the currency or of United States dollar accounts in transactions between nationals of third countries and Cuban nationals.

CAMBRIDGE China s undervalued currency and huge trade surplus pose great risks to the world economy.

In Europe, the market for Greek debt has frozen, and interest rate spreads between Irish and German euro denominated debt recently reached alarming levels.

And, in economic terms, Brazil, India, and South Africa are concerned about the effects of China s undervalued currency on their economies.

At present, the world holds a lot of US dollar assets, and greater diversification of portfolios in coming years would not be shocking.

43. As indicated in previous reports, investments denominated in European Currency Units will ultimately amount to 35 per cent of the Reserve.

In political terms, China, India, and Russia are competitors for power in Asia, and Brazil and India have been hurt by China s undervalued currency.

Some contracts denominated in euros would be subject to Greek law, some to European law, and others for example, derivatives contracts to British or US law.

Investors in the US and other countries cannot buy either renminbi or renminbi denominated bonds in the way that they can buy other currencies.

The Bank of England s Financial Policy Committee (FPC) said that the target should be 7 of risk weighted assets under Basel III definitions.

The excess of saving over investment has given Japan a current account surplus, allowing the country to finance all of the government borrowing domestically, with enough left over to invest in dollar denominated bonds and other foreign securities.

First, a weaker dollar is associated with a higher dollar price for commodities, which implies a drag on the trade balance, because the US is a net commodity importing country.

And so, entering into the banking holiday the Euro was the currency, and the money you had in your bank was denominated in Euro, but exiting the banking holiday the drachma will be the currency, and the money that you have in the bank will be the drachma.

With rebalancing will come a decline in China s surplus saving, much slower accumulation of foreign exchange reserves, and a concomitant reduction in its seemingly voracious demand for dollar denominated assets.

An undervalued currency, which serves to subsidize China s manufacturing industries, has been a key driver of the country s economic growth for the last decade.

In addition, it takes the heat off an undervalued currency as a prop to export growth, giving China considerable leeway to step up the pace of currency reforms.

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.

By contrast, if Italy left the eurozone, its euro denominated debt burden would become unsustainable and would have to be restructured, plunging the global financial system into chaos.

The creditor countries, by contrast, would incur losses on their claims and investments denominated in euros and encounter stiffer competition at home from other eurozone members.

At the onset of the crisis, a breakup of the euro was inconceivable the assets and liabilities denominated in a common currency were so intermingled that a breakup would have led to an uncontrollable meltdown.

For claims stated in Kuwaiti dinars, the currency exchange rate to be applied is the rate of exchange in effect immediately prior to Iraq's invasion and occupation of Kuwait (i.e. 1 August 1990) for converting Kuwaiti dinars into United States dollars.

MUNICH Because China has pegged its undervalued currency, the renminbi, to the dollar, every weakening of the dollar in the wake of America s financial crisis has also meant a weakening of the renminbi vis à vis other world currencies.

CIC chose to take a significant share in one branch, rather than a small share in the whole group, because doing so offered both a strategic advantage (access to energy resources) and a monetary benefit (investment in dollar denominated assets).

UNCCD core budget expenditures denominated in euros include General Service staff salaries, most general administrative expenses, supplies and equipment, joint facilities management costs and travel agents bills (though daily subsistence allowance is denominated in dollars).

Instead of denominating a loan to Nigeria in terms of dollars, the Bank would denominate it in terms of the price of oil and lay off its exposure to the world oil price by issuing that same quantity of bonds denominated in oil.

If the dollar is likely to fall against the euro over the next several years, investments in euro denominated bonds issued by the German or French governments may provide higher safe returns.

Five years ago, many people warned that excess spending in the West and undervalued exchange rates in Asia were producing unsustainable imbalances.

Another possibility is the development of foreign investment funds investing in a diversified portfolio of domestic currency denominated debt of developing countries, which provide, through diversification, risk adjusted rates of return that are attractive to foreign investors.

These devaluations have done little to improve the situation of the Venezuelan people who rely on imported products or locally produced products that depend on imported inputs while dollar denominated oil sales account for the vast majority of Venezuela's exports.

Many developing countries have made progress since the 1990 s in shifting from dollar denominated debt toward foreign direct investment and other types of capital inflows, or in paying down their liabilities altogether.

During the past 12 months, China had a current account surplus of nearly 300 billion, which must be added to China s existing holdings of securities denominated in dollars, euros, and other foreign currencies.

The Committee of Actuaries, at its meeting in June 1993, recalled that the practice of presenting valuation results in dollar terms had been discontinued after the 1980 valuation because of misunderstandings as regards the significance of the dollar results.

As holders of euro denominated assets recognized this situation, they turned to the ECB for insurance (which the ECB could not deliver under its previous president, Jean Claude Trichet, whose leadership was defined by his commitment to maintaining price stability).

Until the euro weakened recently, Chinese bankers had been buying more euro denominated assets, no doubt recognizing that, despite the frailty of the eurozone economy, Chinese exporters also need European consumers to keep buying their goods.

Since 2009, the share of China s trade settled in renminbi has increased from less than 1 to more than 20 . And the renminbi now ranks fourth among the world s currencies used for international payments.