The British Empire declined - and the pound lost its status as the main global reserve currency - when Britain became a net debtor and a net borrower in World War II.

当英国在二战中成为净债务人和净借入者时，英镑也丧失了其作为主要全球储备货币的地位，英国就此沦落。

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Swiss net publicdebt is just 12% of GDP and the franc is a currency that othercountries hold in their reserves.

瑞士的公债仅为其GDP的12%，且其瑞士法郎是其他国家外汇储备中的货币。

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But there is another side to the equation: someone must act as a net importer and someone must let their currency rise.

但是别忘了等式的另外一边：一些国家必须扮演净进口国的角色而且它们还要让本国货币升值。

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Understand that the performance for Morgan's index is a total return, net of all expropriations and currency crises.

FORBES: Russian Roulette Investing

Chief Executive Charles Li is refocusing HKEx to take advantage of expectations that China will become a net exporter of capital as currency restrictions are relaxed, with growing commodities and fixed-income products to diversify away from low-margin cash equities.

WSJ: Profit Falls at Hong Kong Exchange

Favored by a weak dollar, Deere benefited from a 6% favorable currency translation move, while net equipment sales grew 10%.

FORBES: Deere Bets On Stronger Agricultural Markets In US-Europe Than In S. America