| 单词 | domestic currency |
| 释义 | domestic currency noun[CorU] MONEYukus(alsolocal currency)thecurrencythat is used in someone's owncountry: Theprimarygoalformonetarypolicyiskeepingthevalueof thedomesticcurrencystable. Astrongercurrencytypicallyreducesthepriceofimportsindomesticcurrencyterms. Compare foreign currency Examplesofdomestic currencydomestic currency In practice, government bonds are treated as risk-free bonds, as governments can raise taxes or indeed print money to repay theirdomesticcurrencydebt. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.However, in some cases, intervention has also been aimed at avoiding quick appreciations ofdomesticcurrency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.If a central bank runs out ofdomesticcurrencyto buy foreign reserves, it can always print more. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.First, the central bank conducts a nonsterilized intervention by buying (selling) foreign currency bonds usingdomesticcurrencythat it issues. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Non-sterilization will cause an expansion or contraction in the amount ofdomesticcurrencyin circulation, and hence directly affect inflation and monetary policy. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Thedomesticcurrencyremains perpetually exchangeable for the reserve currency at the fixed exchange rate. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.At the beginning of this process, the store-of-value function of thedomesticcurrencyis replaced by the foreign currency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.When adopting a foreign currency as legal tender, a monetary authority needs to withdraw thedomesticcurrencyand give up future seigniorage revenue. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.The situation that most developing countries are not able to borrow abroad in theirdomesticcurrency is referred to original sin in economics literature. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Yet often the returns of the borrower's project will be in thedomesticcurrency. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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