The company said, "When compared with our 2017 performance, we expect improved acquisition adjusted
fixed currency sales growth in all of our segments.
This
fixed currency supply doesn't allow for economic growth, and the only way to accommodate more transactions would be with deflation; if prices drop, the same currency supply can accommodate more transactions.
Nevertheless, any imminent risk of de-pegging is mitigated by the GCC government's expressed willingness and ability to maintain the
fixed currency peg over the short to medium term.
This card delivers a more secure experience for clients when they are travelling and gives them the peace of mind that they have a
fixed currency exchange rate on all international spends," Suvo Sarkar, Senior EVP & Group Head, Retail Banking & Wealth Management at Emirates NBD, said.
The forwards market is pricing in a devaluation, it is pricing in a move away from
fixed currency exchange rates.
Central banks face an impossible trinity or trilemma: they cannot maintain an open capital account,
fixed currency and independent monetary policy.
Second quarter 2014 sales for the global industrial segment, when measured at
fixed currency rates, rose 3% to $1.
Since early 2013, the country has faced food shortages, high inflation, and pressures on
fixed currency exchange regulations.
The governor said: "Though lower than in July, reserve levels remain adequate to maintain the
fixed currency arrangement and meet other international obligations.
Denmark has been singled out as a relative safe haven given the relatively more favourable public debt dynamics and the
fixed currency regime.
Nielsen as its new global chief economist, and as head of Economics & Fixed Income/
Fixed Currency (FI/FX) Research, effective from September 1, 2011.
