22. The treatment of the effects of currency and inflation was another issue which had generated considerable interest.

2. Notes that the effects on the budget of inflation and currency fluctuations can be both positive and negative

Subsequently, as a result of technical studies, other measures that eliminated the effects of currency fluctuations on take home pay had been introduced.

17. In order to mitigate the effects of currency fluctuations, a system of maintaining commitments and payments at the United States dollar level, which is the currency for programme and administrative budget planning, could be introduced.

For 1998, import growth of the developing countries is slowing dramatically largely as a consequence of adjustments to the Asian currency crisis and its contagion effects.

Past experience has also shown that additional requirements due to the effects of currency fluctuation and inflation can have a major impact on the budget.

Ownership of currency is generally proven through possession of the currency.

Over the longer term, a strong currency promotes efficiency in export industries, further insulating competitiveness from exchange rate effects. Dollar depreciation improves Europe s terms of trade and real income.

Currency of payments

Currency of reimbursement

Currency of accounts

Given the role of the US dollar as the dominant global currency, the Fed s expansionary monetary policy generates significant externalities for the rest of the world effects that the Fed is certainly not taking into account. The basic problem is that there are essential imperfections in an international monetary system that is based on the use of a national currency as the world s main reserve currency.

In any event, whether remittances are used for consumption or investments, they generate positive effects on the economy by stimulating GNP growth and allowing for further inflows of foreign currency.

Devaluation of the currency.

(e) Translation of currency.

In this respect, the COP may wish to contract an independent expert to undertake a feasibility study of all the options that are available to UNCCD to minimize the effects of currency fluctuations.

Currency

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The Myth of Currency Manipulation

The Chimera of Currency Manipulation

The Return of Currency Wars

quot Imposition of Israeli currency

(c) Counterfeiting currency, as defined in the International Convention for the Suppression of Counterfeiting Currency of 1929

quot (c) Counterfeiting currency, as defined in the International Convention for the Suppression of Counterfeiting Currency of 1929

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