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Chuba Ezekwesili, research analyst at Nigerian Economic Summit Group, says despite the falling price of crude, the country has been able to avoid a jump in inflation by imposing limits on the availability of foreign currency.
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In addition, retail investors' direct share of Japan's foreign-currency market may be 20-30%, whereas individuals' holdings of foreign currency exceed foreigners' holdings of Japanese securities.
The decreased supply of foreign currency (from the sale of fewer exports) plus the increased demand for foreign currency (to pay for imports) would tend to raise the price of foreign currency in terms of domestic currency.
Share ideas about the relative value of foreign currency.
Remittances are among Mexico's largest sources of foreign currency.
(Use of foreign currency in these transctions is common).
One way is to stop covering the monetary base entirely with foreign currency, and gradually move to a mixture of foreign currency and domestic government bonds.
It is the country's second-biggest source of foreign currency after aid.
Eventually, if the depreciation doesn't stop, it will run out of foreign currency.
Tobacco prices are depressed, and alternative sources of foreign currency have not materialised.
Annual inflation is at more than 45 percent and the government is running short of foreign currency.
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CEO of Professional Science Editing for Scientists @ prosciediting.com