Sentence examples for reduction of currency from inspiring English sources
The reduction of currency in circulation, combined with the economic depression, made life harder for debtors, farmers, and industrial laborers; the Greenback Party hoped to draw support from these groups.
The war, which had been financed to a great extent by an increased issue of bank notes, had brought about a reduction of the local currency to one-fifteenth of its prewar value.
One of the advantages of the adoption of a common currency is the reduction of the risk associated with changes in currency exchange rates.
Since the Chávez-led government gained control of the national oil company in 2003, this disastrous economic performance has been transformed, with one of the highest growth rates in the region, a dramatic reduction in debt and an accumulation of currency reserves sufficient to offer significant protection from fluctuations in oil prices.
Furthermore, the experience of Argentina and Brazil's Plano Real itself demonstrate that reduction in inflation expectations and stabilization of currency lead to increases in economic activity and tax revenue.
These things are well worth the price for the short- and long-term power of tax-rate reduction, sound currency and unclogged credit arteries.
We expect modest reductions in consensus forecasts to take account of currency movements.
This, combined with the favourable impact of currency translation, the results of cost reduction initiatives across the world and our continued strong cash flow and balance sheet, should enable the group to develop positively".
With the birth of the euro and the reduction in the number of currencies to trade, the foreign exchange business has contracted.
The depletion of currency reserves?
