Some are not keen on a local currency though.

Is Italian euro debt denominated in local or foreign currency?

It tied the local currency to the British Pound, giving local authorities no discretion in monetary policy.

And how often do we hear about sovereign restructurings of local currency debt?

The economic woes in Ukraine have been hitting the local currency, hryvnya, hard.

Often those who purchase dollars do so out of concern of local currency devaluation.

In February, Caracas was forced to devalue the local currency to 6.3 bolivars per dollar.

Central Reserve Bank of Peru (BCR) recalled that the change of currency was due to the invasion of feeble Bolivian currency that, since 1840, entered the country through the Southern zone, thus provoking confusion with the local currency.

These markets have been insulated in part because most investment in real estate backed securities has come from local investors who often need to invest in local currency markets.

Local currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long term investments.

Since Hong Kong's currency board prevents inflation in HK dollar prices, the HK dollar prices of local goods must fall.

Currency Chaos

Most also have a relatively smaller share of dollar debt relative to local currency debt than they did a decade ago, which will limit the increase in their debt burden when the currency depreciates.

Argentina was stuck with its currency board and overvalued currency.

Nepali currency became the standard currency in trans Himalayan trade.

In most countries, such intervention would tend to push up inflation, because the central bank issues local currency in return for dollars.

Oil Currency Hypocrisy

Controlling China s Currency

The Currency Quandary

Currency of payments

First, Argentina should end its currency board and devalue its currency.

A currency board prevents governments and central banks from currency manipulation.

Local

They have also paid back a significant share of external debt and converted much of what remains into more manageable local currency liabilities.

You know, it's local cooks teaching local people.

Local remedies

Eat local.

Czechoslovakian currency was not freely convertible without the currency assurance, it was not possible to obtain financial means (Western currency) for travelling West.

Foreign financing fueled foreign currency credit growth, even for borrowers without foreign currency income.

Foreign financing fueled foreign currency credit growth, even for borrowers without foreign currency income.

Japanese Lessons for China s Currency

Who Caused the Currency Wars?

Whose currency is the euro?

The Return of Currency Wars

Lenin and the currency competition.

1977 Chairman, Counterfeit Currency Tribunal.

A currency converter and calculator

Highly leveraged local governments could not tolerate higher interest rates or an appreciating currency, and they were adamant about continuing land sales and opposing property taxes.

Bank subsidiaries will increasingly have to finance local lending with local deposits and other local funding.

In Central and Eastern Europe, foreign banks extended euro and Swiss franc denominated corporate, home, and car loans to firms and households with incomes in local currency, which added to corporate and household financial distress when local currencies tanked.

prevent local conflict

Insert local templates

Local Crowdsourcing Initiatives

Purchase local products.

You're local, right?