"We did not use State Bank money to strengthen the rupee, but persuaded exporters to bring back their money to Pakistan and checked currency speculation
, which resulted in the rising value of the rupee," he added.
are exploring the possibility of mandating a single state-run bank to sell dollars to the firms, eliminating bids that fuel currency speculation
, the oil ministry official said, asking not to be identified because the information isn't public.
An international tax on financial transactions would reduce currency speculation
and short-term dealing.
NDFs are hedging instruments meant to shield firms from foreign-exchange risks, but are believed to be traded by some banks to generate income from currency speculation
. Trading on speculations that the peso would be strengthening was believed to have partly caused the peso's appreciation trend since 2009.
The Japanese government will take "decisive steps" if needed to prevent the yen rising due to currency speculation
, Finance Minister Jun Azumi said Tuesday, foreshadowing possible market intervention.
To spend more than pounds 200,000 on a drinks bill is obscene as it is paid for by the profit he has acquired by currency speculation
at the expense of hard-working people.
Despite all the evidence to the contrary, Ahmadinejad said in a recent interview: "The country does not in any ways face economic problems." His Minister of Intelligence, Heydar Moslehi, made a more ominous announcement; His office had identified those 'operating behind the scenes' who were responsible for price gouging and currency speculation
. If the past is any indication, the U.S.
Should they park at NT-dollar accounts for a longer period, the CBC will regard them as funds for currency speculation
and urge them to withdraw from the island.
Second, euro participation would provide better protection against increasing interest rate spreads and currency speculation
, in particular in the hypothetic case of a deep recession in Denmark.
leading to 'hot money flows' has been a central feature of some of the major financial crises of the last few decades from the Asian Financial Crisis of 1997 through to the GFC and its aftermath.
All the sacrificing is being done by ordinary people, merely to serve the greed of the wealthy, as expressed through hedge funds, futures trading and currency speculation