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If you think that your government's economic policies are wrong, you too can put your money into another currency.
Weakness in 1977-79, 1985-88 and 1993-95 was each time met with predictions that governments were about to switch their reserves into another currency.
Newspaper headlines on Wednesday will surely list the millions of dollars the Bay Psalm Book sells for, but to understand the sale, one might convert those millions into another currency.
London clearing houses dominate the euro side of things, dealing on a daily basis with €1tn of foreign-exchange contracts (converting an amount of euros into another currency), compared with €400bn in New York.
Grillo said Italy had to use its enormous €2tn (£1.4bn) debt as leverage against Germany, implying that the potential global damage of an Italian default would stop Germany from "interfering" with Italy's "legitimate right" to convert its debt into another currency.
"We're afraid because there has been a foreign exchange control in Venezuela for years so we don't want to openly talk about changing bolivars into another currency, especially not at the black-market exchange rate," said Carlos, a bitcoin user from Anzoátegui state.
Similar(48)
Buying your new retirement residence overseas means moving money out of the United States and putting it into another market and, potentially, another currency.
Then you simply deposit another currency – Bitcoin, for example – into a deposit wallet.
If the dollar strengthens against another currency, you lose on the currency exchange because each unit of foreign currency translates into fewer dollars.
If the dollar weakens in value against another currency, you make money on the currency exchange, because each unit of foreign currency translates into more dollars.
Currencies were exchanged at a fixed price into the currency of another country (usually the British pound sterling) that was itself convertible into gold.
More suggestions(15)
into another dimension
into another pursuit
into another world
into another range
into another phase
into another pilot
into another saucepan
into another recession
into another bowl
into another stratosphere
into another interview
into another role
into another wave
into another compartment
into another hide-out
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com