| 词汇 | domestic-currency |
| 释义 | domestic currency noun[ C or U ] MONEYukus(alsolocal currency) the currency that is used in someone's own country: The primary goal for monetary policy is keeping the value of the domestic currency stable. A stronger currency typically reduces the price of imports in domestic currency terms. Compare foreign currency Examples of domestic currencydomestic currency In practice, government bonds are treated as risk-free bonds, as governments can raise taxes or indeed print money to repay their domesticcurrency debt. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. However, in some cases, intervention has also been aimed at avoiding quick appreciations of domesticcurrency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. If a central bank runs out of domesticcurrency to buy foreign reserves, it can always print more. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. First, the central bank conducts a nonsterilized intervention by buying (selling) foreign currency bonds using domesticcurrency that it issues. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Non-sterilization will cause an expansion or contraction in the amount of domesticcurrency in circulation, and hence directly affect inflation and monetary policy. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The domesticcurrency remains perpetually exchangeable for the reserve currency at the fixed exchange rate. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. At the beginning of this process, the store-of-value function of the domesticcurrency is replaced by the foreign currency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. When adopting a foreign currency as legal tender, a monetary authority needs to withdraw the domesticcurrency and give up future seigniorage revenue. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The situation that most developing countries are not able to borrow abroad in their domestic currency is referred to original sin in economics literature. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Yet often the returns of the borrower's project will be in the domesticcurrency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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