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And correspondingly, we should not underestimate the contractionary effect of a substantial currency appreciation.
The majority of these are overseas, leaving taxpayers with a substantial currency risk to add to our woes.
And this is exactly what President Obama can offer in return for a substantial currency revaluation of, say, 20percentto30percentcent over the next 12 months: a clear commitment to globalization and free trade, and an end to the nascent Chinese-American tariff war.
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China has accumulated substantial currency reserves in United States dollars, helping it to hold down the value of the renminbi and run up a large trade surplus.
But a country with a real currency?
A strong market with a strong currency.
It's a real currency.
AH The big question for the currency and its advocates is whether or not those uses are a majority or even a substantial minority of the currency which is what I would hesitate to say, or whether there are actually much smaller uses and there is a vast pool of legitimate uses.
A substantial increase in the currency's value would help combat inflation by keeping import prices low.
His proposal may appeal to Iceland's authorities because it would inject a substantial amount of foreign currency into the country's monetary system.
It carries a guarantee of a fixed rate against the Euro, but requires that the ex-colonies keep a substantial portion of their currency assets in the Paris treasury.
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