Discussions on whether the Hong Kong dollar should delink from the U.S. currency
have been frequent especially in face of an uncertain U.S.
While studies show that the use of electronic payments is growing, cash use also continues to grow, and the dollar amount of U.S. currency
in circulation worldwide has increased almost 88 percent since 1994, to $720 billion at the end of 2004.
Thank you for the excellent articles in your April 18 issue about money and the U.S. currency
holdings of major foreign banks and how such holdings have dampened price inflation in the United States (temporarily).
If markets lose confidence in the U.S. currency
, the consequences could be severe and unpredictable.
The local banks will market and support distribution of iKobo's i-Kard for domestic and international money transfers marking the first-time senders and recipients in these countries will be able to choose a single service that uses either local or U.S. currency
for both domestic and international money transfer transactions.
Procedures to combat international counterfeiting of U.S. currency
are working, according to a report issued to Congress in March by the Federal Reserve Board and the U.S.
The student starts with information useful to know long before departure, such as English language requirements, American cultural information, U.S. currency
, medical coverage, driving, etc.
From that trade, Castronova reports, there have emerged labor markets, deflation, and an underground economy, in which players pay for products offline in U.S. currency
In the isthmus-wide race to dollarize, Guatemala in May joins Panama and El Salvador in adopting U.S. currency
as legal tender.
The euro notes are designed to incorporate elements such as diff active and reflective foils and machine-readable features that are not used in even the new U.S. currency
. So forgery is less likely to be the problem it is with the more traditionally designed U.S.
The U.S. currency
fetched 104.25-35 yen in New York and 103.17-20 yen in Tokyo late Wednesday.
Long used to whiten paints, puddings, and paper used for U.S. currency
, this powerful catalyst is being developed to decompose crude oil (SN: 5/22/93, p.