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 ?
SAN DIEGO -- The Titan Corporation announced today that the Guidant Corporation -- a world leader in the treatment of cardiovascular disease -- has purchased a customized electron beam sterilization system from Titan Scan Technologies Corporation, a wholly-owned subsidiary of Titan.
Mitsubishi has identified many potential users of electron beam sterilization services throughout Japan.
Following our earlier Surebeam System sales to Baxter Healthcare and Guidant Corporation, this contract further substantiates the value of our electron beam sterilization technology for in-house use," said Titan's President and Chief Executive Officer Gene W.
This contract with Baxter represents further market acceptance of our electron beam sterilization technology for in-house use, and provides continued validation of Titan's strategic investment in this business.

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