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 ?
Cytoplasmic incompatibility in insects: Why sterilize females?
This year we are targeting to sterilize 20,000 monkeys.
To make hybrids, companies must first sterilize plants' male parts so the plants won't self-pollinate.
Ethylene oxide (EtO) is a gas used widely to sterilize surgical equipment that can't tolerate steam sterilization.