The best policy instrument is the exchange rate.
最有效的政策工具是汇率。
They cannot tell you much about macro questions like the right exchange-rate or budget policy.
但在回答宏观问题上并无优势，比如汇率或预算政策。
The destination of Chinese policy on foreign exchange system is to realize Renminbi free exchange.
中国外汇体制改革的最终目标是实现人民币完全自由兑换。
How fiscal policy works with flexible exchange rates is a little more complicated.
在变动汇率下，财政政策如何发挥作用是比较复杂的。
The conclusion is that Asian exchange-rate policy is perfectly rational.
结论是，亚洲汇率政策完全是有理性的。
China 's exchange rate policy is part of the problem.
中国的汇率政策是导致问题的一个原因。
I'm sorry we can't exchange it because this is our store's policy.
对不起，不能换，因为这是我们商店的政策。
Of course not. Each country has its own exchange control laws and policy.
当然不是。每个国家都有各自的外汇管制法律与规章。
Devaluation is an exchange rate policy.
货币贬值是一种汇率政策。
The Smithsonian Agreement is the policy of the foreign exchange rates.
史密森协定对于国际外汇是一种政策指引。
What is the right foreign exchange policy for China?
中国到底该执行怎样的汇率政策?。
Many have questioned the need for us to maintain a fixed exchange rate policy.
很多人质疑我们是否需要维持固定汇率政策。
There is no formalized foreign exchange risk policy.
难民署没有制定正规的外汇风险管理政策。
你们的换货程序是什么？
China will stick to its current exchange rate policy and aim to maintain market stability.
中国保持现人民币汇率不变，以维持市场稳定。
China will stick to its current exchange rate policy and aim to maintain market stability.
中国保持现人民币汇率不变，以维持市场稳定。
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