When other countries must acquire your currency to trade, and must keep your money in reserve to protect the value of their own, your securities sell at a premium.

当其它国家必须用你的货币进行交易，必须储备你的货币以保护其本币价值时，你的证券就可以溢价销售。

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Mr Buffett thinks this is still “very expensive currency” to acquire Cadbury, but as the amount of new stock is less than 20% of existing capital, Kraft no longer needs shareholder approval.

巴菲特先生认为购买吉百利仍然“代价十分昂贵”，但由于新股的总额小于现存资本的20%，因此此项交易不需要股东的赞成。

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Chinese currency reserves will support its enterprises to acquire bargain production, brand and distribution assets abroad for higher profit margins.

中国的外汇储备将支持它的企业对海外生产，品牌和渠道资产的并购以获得更高的利润。

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E. is simply using its products as currency to acquire an (often tax-advantaged) income stream.

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It is prodding firms to settle trade and even acquire foreign companies in its own currency.

ECONOMIST: China's currency

All of this means that as easy as they are to acquire, Likes are a debased currency.

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