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Many exporters have relocated production outside Europe, where costs are lower and not denominated in euros.
It does not hold high-yield corporate bonds, known as junk bonds, or bonds not denominated in dollars.
And investors who hold assets not denominated in dollars must have the stomach to ride out geopolitical shockwaves.
"We both recognize that our true wealth is not represented by our tax returns; we also get a lot of 'income' from what I do, it is just not denominated in dollars," Mr. Carpenter said.
Had he not denominated himself an "artist" and become a conscientious objector to sanity, Beuys's obsessive-compulsive thing about felt and fat would have categorised him a delusional psychotic.
Moreover, since it is intrinsically difficult to assess costs and benefits that are not denominated in dollars' worth of machinery or tonnes' worth of toxic emissions, how do you decide which regulations to cut? Anyway, is regulation really all that costly?
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But petroleum product purchases by consumers in most countries aren't denominated in dollars, so the fall in dollar-denominated oil prices isn't experienced in the same way for them.
Until a few years ago, you'd pay this fee for any purchase that wasn't denominated in dollars.
DigiCash and more recent flops, like Flooz (a currency used for giving gift certificates that could be redeemed at certain Web sites), weren't denominated in dollars but were more like poker chips in a casino.
You are not a balance sheet, at least not one denominated in money, as was explained to me recently.
But because its funds will not be denominated in Chinese currency, it will also have to compensate for the appreciation of the yuan, which Mr Qu expects to be 3-5% a year.
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