Under present plans, old and new currencies are to circulate side by side for six months.
Non-financial firms are also doing contingency planning for how they might deal with a bunch of new currencies.
If you had been away prior to the November patch, then yes I guess there are quite a lot of new currencies added.
The two World Wars saw the fall of old imperial powers and the rise of new nation states, usually now as republics, with new currencies.
But in their new book, Rethinking Money: How New Currencies Turn Scarcity Into Prosperity, Bernard Lietaer and Jacqui Dunne document the new rise of effectively competing private currencies.
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Investors with one eye on the euro-zone crisis are aware that the firm has a proven ability to design, print and deliver brand new currencies against a tight deadline.
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Old and new currencies will circulate side by side for, at most, six months, during which time the entire note issue and coinage of the 11 member countries will have to be replaced.
New currencies will shake up video consumption measurement.
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The task of restoring Italian competitiveness would be far harder once the five departing economies had adopted new, much cheaper currencies.
The SNB has stopped having to buy up foreign currencies with new swiss franc, which it did in earnest to prove its commitment in 2011, increasing its foreign exchange reserves by 177 billion from July to September.
Lehrman also adds a rather detailed program to find an appropriate new gold parity for the dollar, and also for other currencies that would join the new world gold standard around the same time.
The yen, yielding just 0.5%, was a cheap source of borrowed funds to buy much higher-yielding currencies like the New Zealand dollar, oil, U.S. high-yield bonds or even gold.
So we will see asset classes that will have very good runs (commodities, high-yield debt, currencies like the New Zealand dollar) only to lose a good deal of those gains in a short period.
The costs of this would be astounding, and the imbalances between the weak and strong currencies would foster a new crisis.
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The baht plumbed new depths, and other regional currencies followed it down.
Either individual countries can pool their currencies to create a new one (as the Europeans have done), or they can simply adopt the currency of another (Panama, for instance, uses the dollar).
For example, a new system could involve a variety of currencies as well as gold.
The most undervalued of the rich-world currencies are the Australian and New Zealand dollars, which are both 40-45% below McParity.
The new deposit rule for non-major currencies is 5 percent (20:1).
The second was that the collapsed currencies provided a very competitive new base for export-led growth even at a time when China was making ever bigger inroads into global markets.
Until currencies are rebalanced, the new, new orthodoxy of ever-increasing money supply pressure to try and restart the flow of economic activity will not solve the problem of developed world growth.
The yen's slump across a range of currencies has occurred as a new government has pledged to revive the deflation-dogged Japanese economy and has pressured the Bank of Japan to aggressively ease monetary policy.
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Switzerland and New Zealand have moved directly to cap their currencies.
The sell-off swept across markets and asset classes, while safe haven currencies strengthened and gold continues to set new highs.
Instead, one industry after another has shifted new investment to non-Japan Asia, where currencies are more dependable, the legacy burden of retirees is lighter and national debts are not at a crisis stage.
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But everything from foreign currencies (the Canadian, Australian and New Zealand dollars all test record highs) to precious metals (setting new records almost daily) and crop futures (corn and wheat have nearly doubled this year).
We expect commodity-based currencies such as the Australian, Canadian and New Zealand dollars and the Brazilian real to resume their appreciation.
On January 1st 1999 the currencies of 11 countries were fixed against a new currency, the euro, which became the unit of reckoning in wholesale financial markets.
None of these governments yet understand that if the dollar were to collapse, new customers would be instantly created in those countries whose currencies appreciate against the dollar.
Back in September 1985, the top treasury officials of the G5 countries met at New York's Plaza Hotel to realign the major currencies amid worries, particularly at home, that weak foreign currencies were negatively impacting the ability of U.S. companies to export.
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