Key Currency

Key Currency

A currency pegged to a currency basket. Small, export-oriented countries may adopt key currencies because they may provide stable exchange rates for their currencies, which may reduce risk in international trade.
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As a result, it is possible that digital currency could become a key currency for settling transactions.
A key currency indicator in Saudi Arabia rose to the highest level since 2008 on Wednesday, signalling some traders are increasing bets that the riyal will weaken after being fixed to the dollar for almost 30 years, a Bloomberg report said.
Neither China nor Japan, the other key currency blocs, have a convincing alternative to offer, the former struggling to manage credit conditions, the latter managing to park the third, most critical element of its ambitious policy programme, namely structural reform.
Ultimately, the duo hope gold rush will undo dollar's supremacy as a key currency.
Other key currency performers in February included Swiss Franc, British Pound, and Canadian Dollar futures, which grew 126%, 31%, and 15% respectively from the previous month.
Other key currency performers in February included Swiss Franc, British Pound, and Canadian Dollar futures, which grew 126 per cent, 31 per cent, and 15 per cent respectively from the previous month.
Inflation in Oman would not get any better as the dollar keeps losing both its elasticity and global respect as the world's key currency.
IF three part harmonies, not cold hard cash, were the key currency of the worldwide monetary system then there would be no worries about impending fiscal disaster as The Kabeedies would be propping up the global economy by simple song-based means.
Treasury will next month issue a key currency report and contention over policy toward China could be magnified by mid-term Congressional elections in November.
A look at key currency pairs, the global economic recovery, precious metals and overall risk appetites will round out the agenda.
Besides an ample supply of dollars in the market (as part of emergency measures), the dollar's key currency role has also been undermined,'' he said.
It won't benefit any country to talk about ideas for a new global key currency, which would weaken the dollar," said Suzuki.