Sentence examples for control of currency from inspiring English sources
The euro was founded on the idea that the control of currency was apolitical.
At the same time, though, Europe is engaged in a unique historical experiment involving an unprecedented voluntary surrender of national sovereignty -- most recently the control of currency.
Because the government so far has refused to wield one effective monetary tool — loosening its control of currency exchange rates — regulators have been forced to rely on bank reserve limits, changes in interest rates and other indirect measures to save the economy from inflation and overexpansion.
Because the government so far has refused to wield one effective monetary tool -- loosening its control of currency exchange rates -- regulators have been required to rely on bank reserve limits, changes in interest rates and other indirect measures to save the economy from inflation and overexpansion.
We have to take back control of our currency".
Argentina's experience suggested that giving up national control of a currency is a treacherous business, economically and politically.
China plans to relax its control of foreign currency lending rates by the second half of the year, China Securities News has reported.
But if the world's monetary authorities maintained control of their currency issuance, the private gold transactions market would remain modest, expanding only if global inflation took off.
Mr. Yang also defended China's control of its currency and said it was not the core trade issue between them.
But Europeans have already done something that now distinguishes the essence of their nationhood from that of the United States: given up a huge slice of sovereignty by surrendering control of the currency to a transnational European institution.
Armstrong, head of macroeconomics at the National Institute for Economic and Social Research, said: "A fundamental part of having a currency union is you have to have some sort of risk-sharing arrangement, to offset the flexibility that you're giving up with giving up control of your currency".
