If previous efforts had been faltering, this proved a disaster: the high interest rates needed to keep in line with Germany's currency drove Britain into recession.
Although global gold prices have been in retreat since October and are down about 20 percent this year — after an unbroken 12 years of gains — the weaker Japanese currency drove yen-denominated gold prices to near record highs last week.
New Zealand's NZX 50 index, bucking trends, surged by 6.4%, to 2,774.64, notwithstanding ongoing concern about a weakening currency driven by the country's current account deficit.
The lack of an elastic national currency drove 2.5 million citizens in Argentina to adopt the crédito during their modern-day depression, from 1998 to 2002.
7) Weak Asian currencies drive down the value of the yen to 140-to-150 to the dollar resulting in weak sales and earnings for U.S. firms' Japanese subsidiaries (which sell in yen).
Laury, said: "We have delivered a good 'business as usual' result with both sales and profit growth in constant currencies, driven by our performance in Poland and the UK, driven largely by Screwfix, and a stable performance in France.
Revenue rose 11% to $5.6 billion 77% in constant currencies), driven by global comparable sales increase of more than 6%.
With the Sun's Page 3, British readers have grown accustomed to news outlets treating women's bodies as currency to drive up sales – with the No More Page 3 campaign's refrain of "boobs aren't news" almost exactly echoed in Padukone's irritated tweets.
Having cut its rates to zero, the Swiss National Bank has bought foreign currency to drive down the Swiss franc.
Whenever the franc looked in danger of breaching the cap, the bank could simply sell the newly-created currency to drive it back down again.
Sarah Hofstetter, president at 360i, part of the Dentsu Network division of Dentsu, said, "As we thought about bacon and its popularity, we thought, 'What better currency to drive social actions for the brand' " than the product itself.
