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

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.

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.

Local currency bond markets have expanded rapidly in many Asian and some Latin American economies.

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

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

Everything is to be paid for by coin.

A deeper and more efficient financial sector would also reduce transaction costs and facilitate risk management. Local currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long term investments.

Likewise, international oil companies sell most of their oil in dollars, but they operate in various countries and pay some of their costs in local currencies.

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

Following the determination of taxes in local currencies, the resulting net would be converted back into United States dollars using the same 36 month average exchange rate.

I take away their flocks and herds. The Turks pay me a golden treasure, yet I am poor!

Issuance of local currency bonds also increased substantially in 2004, although these bonds remain a small proportion of total emerging market bonds.

(iv) Gain loss on exchange arises from transactions conducted in currencies other than euros, for the general and other Headquarters funds and the revaluation of assets and liabilities held in local currencies.

The Spanish empire flooded the world with silver coins as it paid for its many wars.

That, in turn, cleared the way for manipulation of currencies in the interests of exporters, businesses, and labor unions.

These countries have found themselves on the receiving end not only of a correction in commodity prices and equities, but also of a brutal re pricing of currencies and both local and foreign currency fixed income assets.

The Bank should be able to work with them in the absence of sovereign guarantees, and increase its loan offerings in local currencies, since these partners cannot afford currency risk. To further crowd in the private sector, insurance and guarantees can help.

It is encouraging that 10 OECD DAC members increased their contribution to regular resources in 2004 in local currency terms, many for the fourth consecutive year, or resumed their contributions.

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

Oral statements in plenary on CTT and debt sustainability.

(b) A currency adjustment of 4.7 million an increase as a result of the continued weakening of the United States dollar.

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.

As those of you who've taken currencies home from your trip know, once you get home, it's actually pretty useless.

Difficulties in communication include time differences and a lack of technical facilities available to staff members, particularly when they are no longer employed or have been suspended.

(ii) For calculating gross to net relationships for countries other than the United States, the above mentioned gross income levels would be converted to their local currency equivalents using exchange rates averaged over a 36 month period.

(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

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

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

Developing countries have also increasingly borrowed in their own currencies during the last few years, thus reducing their foreign exchange exposure. For those developing countries that remain heavily indebted abroad, an increase in risk premia would almost certainly bring economic turmoil, if not crisis.

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

Local LWV organizations monitor their local government meetings and address local issues.

The eurozone went one step further, aiming through monetary unification to eradicate fully the transaction costs associated with national currencies and exchange rate risk.

Local govt. Nkwerre local government of Imo State

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Prohibition of certain transactions for prudential reasons also makes sense, particularly for borrowing in foreign currencies by economic agents that do not have revenues in those currencies.

Indeed, that supposed solution leaves half the eurozone relegated to the status of Third World countries that have become highly indebted in a foreign currency.

Central cat and local cats.

Indicators correspond either directly or indirectly to the objective or the expected accomplishment for which they are used to measure performance.

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