The global downturn, and the strength of Australia's currency, eroded that proportion to a fifth.
(In Virginia this shortage was so serious that the province's treasurer, John Robinson, who was also speaker of the assembly, manipulated and redistributed paper money that had been officially withdrawn from circulation by the Currency Act; a large proportion of the landed gentry benefited from this largesse).
The modeling of cross-country stock holdings is motivated by evidence that a large and ever-increasing proportion of currency flows has been directed toward national stock markets.
I've heard that a large proportion of United States currency circulates in foreign countries, and I'm guessing that much of it starts the trip overseas from New York City.
Their businesses are minimally affected by currency movements because a large proportion of their sales are in Europe, while their stocks gain value to American investors as the currencies in which they are denominated appreciate.
Germany, he notes, is playing a role similar to that played by France during the Depression.France, with its undervalued currency, soaked up a huge proportion of the world's gold reserves in 1930-31, [suggesting] that France was responsible for about half the global deflation that took place over that period.Gold effectively constrained demand.
For a widespread currency war to occur a large proportion of significant economies must wish to devalue their currencies at once.
Britain's "monkey" – the £50 – is low-value compared with its foreign-currency equivalents, and constitutes a small proportion of the cash in circulation.
This expansion was in strict proportion to the gold-currency parity.
Unfortunately, by 1801 merchants were doubting the value of the currency they received, and inflation assumed serious proportions.
As well as paying its business rates with Bristol Pounds, Essential Trading is now looking into paying a proportion of salary in the local currency too.
