Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage.

The yen s rising value raises the yield on Japanese bonds relative to the yield on bonds denominated in other currencies.

27. In the statement of assets and liabilities, for the purpose of reporting items denominated in currencies other than the currency of account

Investors in the US and other countries cannot buy either renminbi or renminbi denominated bonds in the way that they can buy other currencies.

For the first time ever, in 2004, the Inter American Development Bank issued bonds that are denominated in the currencies of the countries in the region.

For example, WIPO's budget is denominated in Swiss francs and UNIDO's regular budget is denominated in euros.

Other factors, however, helped to prevent further growth of the debt, such as the recent recovery of the dollar against other currencies, which reduced the dollar value of debt denominated in those currencies, and the various debt reduction mechanisms used in many countries of the region.

The US ought not to shy away from wider use of IMF Special Drawing Rights. Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage.

Because the current account surplus is denominated in foreign currencies, China must use these funds to invest abroad, primarily by purchasing government bonds issued by the United States and European countries.

To prevent their currencies from appreciating too much in the first case and falling too far in the second, emerging countries have accumulated foreign exchange reserves, two thirds of which are denominated in dollars.

Second, China s foreign assets are denominated almost exclusively in US dollars, while its foreign liabilities are denominated mostly in renminbi.

Except where stated otherwise, assessments under budgets denominated in currencies other than United States dollars are translated into dollars on the same basis as the budget appropriations (see table 1, footnote (a)).

In January 2005, the Argentine Government presented bond holders with a new debt restructuring deal, involving 152 bonds denominated in six different currencies amounting to roughly 82 billion and subject to eight legal jurisdictions.

During the past 12 months, China had a current account surplus of nearly 300 billion, which must be added to China s existing holdings of securities denominated in dollars, euros, and other foreign currencies.

Changes shown in the fund balances of those accounts are due solely to the revaluation at current rates of exchange of the outstanding claims that are denominated in currencies other than the United States dollar.

Furthermore, developing countries could not borrow in their own currencies because world currencies were the currencies of industrial countries.

Back in the 1970 s, there was some limited issuance of SDR denominated liabilities by commercial banks and SDR denominated bonds by corporations.

b Total public debt denominated in pesos and foreign currency.

The two main contractionary factors were the dollar apos s recent rise in international exchange markets, which reduced the dollar value of debt denominated in other currencies, and the various debt reduction schemes implemented in many countries of the region.

Decrease in non convertible currencies

Change in non convertible currencies

Expenditure on consultants and experts is denominated in both euros and dollars.

B. Payment of contributions in currencies other

They would also incur losses on their claims and investments denominated in euros.

Exchange of currencies

Non convertible currencies

B. Payment of contributions in currencies other than

This is particularly true with respect to lending in foreign currencies to economic agents that do not have revenues in those currencies.

However, some claims were presented in other currencies, and some others were presented in United States dollars after conversion from other currencies.

About 800 billion of China s foreign exchange reserves are invested in euro denominated assets.

(h) Translation of currencies

(f) Translation of currencies.

UNCCD core budget expenditures denominated in euros include General Service staff salaries, most general administrative expenses, supplies and equipment, joint facilities management costs and travel agents bills (though daily subsistence allowance is denominated in dollars).

Acquisition security rights include those that are denominated as security rights, as well as those that are denominated as retention of title, arrangements and financial leases.

Thus, while a significant proportion of expenditure is denominated in euros, some dollar expenditures remain.

(b) Currencies held by UNDP in the currency of

depreciation of nonconvertible currencies. In 2004, the amount written off plus the adjustment for overvaluation of cash held in nonconvertible currencies totalled 2.7 million.

Ideally, Asian currencies would rise much more than 15 while European currencies would rise less.

You have a similar trend with currencies currencies going through an extreme time of stability.

But 100 times a 1 gold piece denominated bank note, right?

So products were developed that allowed investors to borrow easily in several currencies at once and invest in a portfolio of high interest rate currencies.

Some countries devalued their currencies.

Wanted Chinese Leadership on Currencies

Note 2. Non convertible currencies

Moreover, some emerging market currencies are joining the club of international currencies for the first time.