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 ?
With a projected Total Cost of Ownership 10-20 percent less than chemical based sterilization lines, electron beam sterilization for bottles carries the added benefits of sustainability (lower energy consumption, lower water footprint, reduced chemical use), lower product costs (lighter weight bottles), and greater simplicity.
"Electron beam sterilization reduces the total sterilization time from hours to minutes so it minimizes oxidative degradation that can cause problems with gamma irradiation," Stephan said.
The San Diego, Calif.-based medical product sterilization firm is locating an electron beam sterilization service center in tiny Saxonburg, Pa., a borough of 1,629 residents situated 23 miles northeast of Pittsburgh.

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