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 ?
For example, sterilising the preform rather than the bottle reduces the quantity of sterilising agent used as the preform is smaller and an easier shape to sterilise than the bottle itself.
The sterile services department at Walsgrave Hospital - which cleans and sterilises over a million reusable instruments for hospitals across the region - has gained the BSI standard ISO 9001 registered status and the European CE quality mark.
Compact and lightweight enough for travel, it sterilises up to six 9oz bottles or two ISISTM Breast Pumps in two minutes.