Sterilization

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Sterilization

A method by which a central bank may affect the value of the domestic currency relative to a foreign currency. To weaken the domestic currency, sterilization involves selling the domestic currency on the forex market and buying the foreign currency. This increases the supply of the domestic currency, while reducing the supply of the foreign. To strengthen the domestic currency, sterilization involves the opposite. A central bank usually conducts sterilization to counteract adverse changes to the domestic currency in foreign exchange markets.
References in periodicals archive ?
Cold sterilization replaces the now internationally banned Ethyl Bromide fumigation, as well as Methyl Bromide, which is prohibited in most countries.
It is widely used in the cold sterilization of dental items, such as suction hoses.
Nephros' proprietary dual stage cold sterilization ultrafilter will form the basis of the portable system.