Sentence examples for steep currency from inspiring English sources
A steep currency devaluation and a ban on imports meant that foreign movies were unavailable, and celluloid film and conventional filmmaking equipment were too expensive.
"But a prolonged commodity price shock, steep currency depreciations and worsening growth prospects in a deteriorating global economic environment have quickly driven up borrowing costs and debt-to-GDP ratios".
He also likes government bonds from countries with no big trade or fiscal deficits, like those of Singapore, Hong Kong and South Korea, and thus less risk of steep currency devaluation.
The country's economy has teetered near collapse for months, with soaring unemployment, a gaping budget deficit, dwindling hard-currency reserves and steep declines in the currency's value.
India has some advantages compared with European and other Asian countries that have experienced steep economic downturns following currency declines over the last two decades.
Mr. Dobbs says he suspects that the dollar rally this year will last longer than other rebounds during the currency's steep slide over the last 28 months.
Its central bank has spent a fifth of its reserves to guard against a steep devaluation of its currency, the lat, and experts expect a 5percentt contraction of the country's gross domestic product in 2009.
Yet that nominal expansion of its role has belied a steep depreciation of its currency, relative to the only benchmark that Japanese civil servants care about: the power to tell others what to do.Some of that slide reflects temporary factors.
These point to some worrisome signs for the country, amid a steep slide in its currency and looming dollar shortages for its financial institutions.
For Australian travellers, for example, the steep slide in the currency is leaving a bigger than expected dent in their wallets.
It has been crippled by an estimated $1.9 billion in debt, including pension and labor liabilities, growing competition and the steep slide of Brazil's currency against the dollar.
