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If you tried to create a Bitcoin in 2141, every other computer on the network would reject it as fake because it would not have been made according to the rules of currency.
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Bipartisan support in the Senate for inclusion of rules on currency manipulation in the TPP is more of a worry.
Nations are not to be trusted to manage their budgets within the rules of the currency club.
Rule one of currency exchange: there is always a fee.
The rules of the single currency prevent the central bank from directly bailing out member states, and many in Germany feel that by repeatedly increasing the ceiling for Emergency Liquidity Assistance to Athens, the ECB is breaking that rule.
Reprints Related items Flying and the flagMay 27th 1999One of the causes of the bout of nerves was an ambiguous comment about changing the rigid rules of Argentina's currency board, known locally as "convertibility".
And, while Juncker appealed to the national governments of the EU to join the package and boost the investment spree, he also said any contributions by member states would be exempted from calculations of public spending and budget deficits – meaning they would not affect the debt and deficit rules of the single currency zone.
As a rule of thumb, currencies of oil importers fare poorly when the oil price is high or expected to rise, and the reverse is true for oil exporters.
Some countries have eased banking rules that regulate the transfer of currency, making transactions simpler.
Violations of Currency Transaction Rules could result in a fine of up to $500,000 and ten years in jail.
Or French irritation at German insistence on a "stability pact" to ensure strict adherence to the rules of Europe's single currency?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com