The state had a low level in currency management function, but it had some intervention activities.

此时国家对货币管理职能虽然低下，但也有一些明显的干预活动。

youdao

System of exchange , settlement and sales is one of the most important part in our country foreign currency management system, balance of payments disequilibria has close connection to our country.

结售汇制度作为我国外汇管理管理制度中的最重要部分之一，对我国国际收支不平衡有密切联系。

youdao

Then there was wide fear of world recession after the Asian currency crisis, the Russian default and the rescue of Long-Term Capital Management, an overleveraged hedge fund.

而在亚洲货币危机爆发，俄罗斯违约以及拯救过度杠杆化的长期资本管理公司(LTCM)的背景下，市场对全球陷入衰退感到恐慌。

youdao

These people, for the most part, come from places like the U.S. and Britain, which have a relatively good history of currency management.

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If China can heal some of those rifts with a greater focus on rescuing those left behind by the new prosperity, this may in turn take some of the pressure off the government to subsidise export workers through currency management.

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Typically, governments hold cash reserves in their central bank as foreign exchange reserves for the purpose of stabilizing currency and management of liquidity.

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