The short-term effect is an appreciation of real exchange rates and soaring current account deficits in destination countries.

其短期影响是，目的国实际汇率上升，经常账户赤字大幅增长。

youdao

A real exchange rate takes account of price movements in each country.

实际汇率考虑到了每一个国家的价格变动。

youdao

Greek citizens would probably try to maintain the euro as a unit of account and means of exchange, leading to parallel circulation of the drachma and the euro.

希腊公民可能想继续使用欧元作为记账单位和交易媒介，导致两种货币并存。

youdao

They are not using it as a medium of exchange, a unit of account, or a safe store of nominal value.

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Its real exchange rate (which takes account of differences in inflation between Japan and its trading partners) fell to a 23-year low last month (see chart).

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In response to overseas media reports that the Bank of China has closed the account of North Korea's main foreign exchange bank, Shi Yinhong, an international affairs expert at Beijing's Renmin University tells Hong Kong's South China Morning Post that Beijing is losing patience with Pyongyang.

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