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The bank should continue to make currency.
Nonetheless, he is expected to make currency a priority this weekend.
Words like that make currency traders nervous.And so they should be.
On the American side, a struggling economy is forcing the Obama administration to make currency valuation and market liberalization top priorities.
Either event would make currency markets jittery at the very time the single currency is meant to stabilise them.Mr Lamfalussy's plan also has troubling flaws.
"Although we have no intention to monetise, it is the right of a sovereign issuer to make currency," says Mr Omura.
Similar(48)
Nonetheless, some temporary rise in volatility is probable.Monetary union might even make currencies more volatile permanently.
Higher interest rates tend to make currencies more attractive to foreign investors and the rouble rose against the dollar in the wake of the surprise announcement.
The Royal Mint also makes currency for other countries.
Turkish authorities have seized an illegal mint making currency for Isis.
Greece's membership in the euro zone made currency devaluation impossible, and it had less political room to reject I.M.F.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com