Your English writing platform
Discover LudwigExact(8)
Asian central banks in particular have been buying large quantities of dollars and dollar-denominated securities.
Ten years ago, the Fed offered huge quantities of dollars to fellow central banks around the world, big and small.
Thanks to a closed capital account (even if cracks are appearing) and government control over domestic banks, China has been able to buy vast quantities of dollars without fuelling inflation.
Converting this inflow into yuan might have driven the currency up 10-20% had the central bank not been buying huge quantities of dollars to relieve pressure on the foreign-exchange market.
Second, America's huge current-account deficit and the consequent build-up of foreign-exchange reserves by countries with external surpluses has also pumped vast quantities of dollars into the financial system.
China has curbed the rise in its currency, and kept its exports competitive, by buying huge quantities of dollars and other foreign currencies, amassing $3.2 trillion of foreign-exchange reserves, worth 54% of China's 2010 GDP.The banking system is closely managed by the state.
Similar(52)
Most authorities confined themselves to watching the rate of their own currency against the dollar and supplying from time to time whatever quantity of dollars might be required.
"Based on the momentum we have as a company, the quality and quantity of dollars we're bringing in, I think that's the case," she said, noting that the site's advertisers include Allstate and AT&T.
He was found more than 600 miles north, in an ash-colored Land Rover with a large quantity of dollars, in the company of a woman and a driver, Haz Iwendi, a spokesman for the National Police, said by telephone.
If the flow of dollars into Switzerland were to assume massive proportions in the coming days, it could pose a problem for the Swiss authorities, which are under domestic pressure not to hold an excessive quantity of dollars in their official reserves.
Remember, the quality of time spent is not directly related to the quantity of dollars spent... Live richer, Tiffany The Budgetnista.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com