The Chinese government agrees that in the medium term it needs to set its currency free.
ECONOMIST: It is time for China to unshackle the price of money
Mr Soros said the Russians should then set up a currency board, fixing the rouble to some Western currency.
Indeed there is no reason why private firms like Microsoft or News International, should not set up their own currency for internet trading and investment.
Part of the question, therefore, is whether the rich, highly indebted countries are likely to trigger the directional moves that could set off a real currency war.
In the dusty local market in Hargeisa, the capital of Somaliland, rows of currency traders set up stalls on the side of the road with money they value by weight.
In 1998 the fund vehemently opposed the establishment of a board in Indonesia, but it has recently praised the five currency boards set up in the 1990s and also Hong Kong's.
The Brazilian government, in its frustrated attempt to save the dollar and keep its currency from overvaluation, has come up with a new set of macroeconomic measures for the currency markets.
The new single currency has also set off a wave of cross-border mergers and acquisitions.
Measured in the esperanto currency, gold set a record today of 1, 108 euros.
First, the country dodged the hedge fund speculation that set off a chain of currency crises across Asia in the late 1990s.
France has called for a target to be set to stop the single currency from becoming so strong that it damages the recovery.
Despite warnings that the Brazilian currency crisis could set back Asia's fragile progress toward recovery, the jolt only briefly reversed a months-long rally in most Asian markets.
Meanwhile, the People's Bank of China is guiding the currency higher and set the median point of its permitted daily trading band last week at the strongest level ever.
WSJ: New Zealand, China in Talks on Convertibility of Currencies
So they wrote the rules for the new currency, then set up a new European Central Bank, independent of the commission and everybody else, to issue and manage it.
But rather than launching a direct attack--a political and public relations nonstarter since the DOJ was breathing down its neck--the company stealthily set out to wreck competitors' currency.
It is beginning to promote use of the yuan instead of the dollar in transactions with some of its trade partners, but it has set no timetable for making its currency convertible.
Offshore currency centers, generally set up in places beyond the reach of U.S. or European law enforcement, can serve as middlemen between criminals and the mainstream financial world, brokering transactions that turn illegally obtained money into seemingly legitimate cash.
The greenback has been losing ground since the weekend, when a meeting of the G7 group of rich countries said that currency values should be set by market forces, casting doubt over the US government's traditional commitment to maintaining the dollar strong.
Under a currency board arrangement, the central bank guarantees the redemption of all notes in circulation at a set exchange rate to the dollar or another foreign currency or basket of currencies.
The currency swap lines that central banks set up among themselves have also been shut down.
First, it makes the job of the European Central Bank difficult, because the bank has to set interest rates for the whole single-currency area.
Instead, he pledged to draw up a set of additional unconventional measures to preserve the common currency.
But even if it could usurp the dollar's role as the world's currency, it will not replicate the American set-up.
Anwar maintained that "Malaysia will not outlaw currency markets, " adding that the PM set "general policy directions" but he took charge of specifics.
Toyota Japan told the BBC that it wants to minimise its "currency risk exposure", but has not set a date for the change-over yet.
The movie is set in the near future, where time has replaced money as currency, and no one gets older than twenty-five (the secret is in the gene-splicing).
CO2 is our currency rather than cash, so people raising sponsorship can set targets and their friends can see what tangible contribution their supporting action is having, both individually and collectively.
FORBES: Thon Fundraising Turned Upside Down By Social And Mobile Technology
Imagine if the U.S. scrapped the dollar for a 'currency of the Americas, ' let interest rates be set in Ottawa, dissolved its frontier with Mexico, accepted Honduras, El Salvador and Guatemala as states, rewrote its constitution four times and let laws made in Washington D.
But they are tiny (the Baltics have a population of barely 7m), so letting them adopt the euro ought not to set an unwelcome precedent for others nor should it damage confidence in the single currency.
Within the union, the Treasury paper basically says the current set-up for Scotland makes sense, for the same reasons that a currency union between Austria and Germany makes sense - though I should say they never make the comparison.
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