Is it its capacity to tax people, or is it its capacity to issue currency?
FORBES: How Fiat Money Relates To The Government's Cash Flow Statement
The independent operator can issue local currency cards and serves as the merchant acquirer.
In Caterpillar, we've been encouraging and participating in what we would say are diplomatic discussions on the issue of currency and other trade issues.
If it meant that countries were restricted in their ability to issue more currency without having a specific level of gold reserves, then the answer was no.
Along those lines, we note that senior US officials have been quiet on the issue of currency appreciation, with the US Treasury Department delaying the publication of its semiannual report on exchange rate policies, which was due on April 15.
The Chinese currency issue is in full bloom this week, as the House of Representatives passed the Currency Reform for Fair Trade Act of 2010 by a vote of 348-79 on Wednesday.
FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation
Exporters are struggling and some are moving production offshore because of the currency issue.
And foreign investors in financial services, say, are likely to be less concerned by the currency issue.
On the wider issue of the currency, anent which more on Tuesday, there is similarly a dual position.
The IMF at its annual meeting this weekend took up the currency issue but failed to take action.
How confident is the administration that they will get some positive movement from the Chinese on the currency issue?
This global bank would issue its own currency, called the bancor, in which all trade accounts would be settled.
The problem is that a lot of people go back to the war - they can't separate the currency issue from this.
In fact, the Group of Seven finance ministers wrapped up their latest meeting yesterday, and the Japanese walked away Scot-free on the currency issue.
So far, the dialogue is "not productive or helpful, " says a Congressional staffer, noting that no progress has been made on the currency issue.
And that is something that is shared across the board, as we saw with the recent vote on the Chinese currency issue in the Senate.
WHITEHOUSE: President Obama Holds a Press Conference at the APEC Summit
Investors were awaiting a meeting of Group-of-20 finance ministers in Moscow later in the week, which is expected to confront the issue of deliberate currency depreciation.
For all intents and purposes, the currency issue is now off the table as far as a serious discussion point between the United States and China.
Backing out of the reserve currency issue and up to the arguably more profound level of culture and belief, China is not interested in a unipolar world.
For sovereigns that issue their own currency, like the U.S. and U.K., traditional credit risk is still more theoretical ratings downgrades and wrangling over the U.S. debt ceiling aside.
Could you elaborate a little bit on the currency issue, such as the Vice President is going to talk to China on the value of the dollar and also the appreciation of the RMB?
But one problem for critics of U.S. policies and protectionists is that the current approach to the currency issue doesn't seem to have had much of an effect on jobs in the economy at large here.
Last month Dai Xianglong, the central-bank governor, announced that China is rolling out a national payment network, due to be completed by 2005, when foreign banks will also be allowed to issue domestic-currency cards to Chinese customers.
He also noted a potential currency issue.
FORBES: Corning Rallies As Q4 Results Edge Street Expectations (Updated)
She said the "only plausible reason for Westminster's refusal" to have talks on the currency issue was "the fact they know this is the most sensible and straightforward outcome and they are determined not to concede that for purely political reasons".
Building on the decisions and commitments made at the G20 last weekend, where China agreed that it was determined to have greater flexibility in exchange rates and agreed to stimulate more domestic demand, the President raised those issues as critical to dealing with the current economic issues, pressed on both the currency issue and on rebalancing and domestic demand.
Yuan-denominated debt would be attractive for African institutions to issue as their local currency-denominated debt markets are nascent.
FORBES: China's Yuan Internationalization: Made In Africa, Not Hong Kong
应用推荐